Opening up regulatory data to the public sounds radical, doesn’t it? But there are strong precedents that show it's technically feasible, and the public interest, to open up datasets that provide transparency on how key markets work.

Since 2012, HM Land Registry has provided open access to the UK’s database of land titles and property sales, for example. Such transparency sits at the heart of digital assets built on public blockchains; with a few exceptions, anyone can open up a blockchain network explorer and start analysing the flow of tokens from wallet to wallet. A rich ecosystem of analytical tools has been developed to provide real-time insights into the dynamics of specific markets — loan pricing, staking arbitrage opportunities, liquidity and more.