The U.S. Securities and Exchange Commission (SEC) has issued an RFI to determine the availability and technical capability of large and small businesses to provide blockchain data to support the SEC’s efforts to monitor risk, improve compliance, and inform Commission policy with respect to digital assets. The SEC is seeking information for potential sources to support the goal of acquiring data for the most widely used blockchain ledgers, including the universe of available information and transaction details. The SEC would like to know not only the vendor’s ability to provide the requested data but also an overview of the processes used to extract the data, convert the data into a reviewable format, and the verification steps to ensure there is no loss in data completeness and accuracy due to the data transformation tools and processes applied. The requirements for the data provision include:
- Provide data extracts on a recurring basis for the most widely used blockchain ledgers, based on transaction volume.
- Cleanse and normalize data to enable review and exploration.
- Provide capability to derive insights from the available data, including attribution data (i.e. to whom a particular address belongs).
- Provide a means to demonstrate data provided is accurate and complete.