Daily Papers

Generative Retrieval (GR) offers a promising paradigm for recommendation through next-token prediction (NTP). However, scaling it to large-scale industrial systems introduces three challenges: (i) within a single request, the identical model inputs may produce inconsistent outputs due to the pagination request mechanism; (ii) the prohibitive cost of encoding long user behavior sequences with multi-token item representations based on semantic IDs, and (iii) aligning the generative policy with nuanced user preference signals. We present GenRec, a preference-oriented generative framework deployed on the JD App that addresses above challenges within a single decoder-only architecture. For training objective, we propose Page-wise NTP task, which supervises over an entire interaction page rather than each interacted item individually, providing denser gradient signal and resolving the one-to-many ambiguity of point-wise training. On the prefilling side, an asymmetric linear Token Merger compresses multi-token Semantic IDs in the prompt while preserving full-resolution decoding, reducing input length by ~2X with negligible accuracy loss. To further align outputs with user satisfaction, we introduce GRPO-SR, a reinforcement learning method that pairs Group Relative Policy Optimization with NLL regularization for training stability, and employs Hybrid Rewards combining a dense reward model with a relevance gate to mitigate reward hacking. In month-long online A/B tests serving production traffic, GenRec achieves 9.5% improvement in click count and 8.7% in transaction count over the existing pipeline.

Semantic identifiers (SIDs) have gained increasing attention in generative retrieval (GR) due to their meaningful semantic discriminability. However, current research on SIDs faces three main challenges: (1) the absence of large-scale public datasets with multimodal features, (2) limited investigation into optimization strategies for SID generation, which typically rely on costly GR training for evaluation, and (3) slow online convergence in industrial deployment. To address these challenges, we propose FORGE, a comprehensive benchmark for FOrming semantic identifieR in Generative rEtrieval with industrial datasets. Specifically, FORGE is equipped with a dataset comprising 14 billion user interactions and multimodal features of 250 million items sampled from Taobao, one of the biggest e-commerce platforms in China. Leveraging this dataset, FORGE explores several optimizations to enhance the SID construction and validates their effectiveness via offline experiments across different settings and tasks. Further online analysis conducted on our platform, which serves over 300 million users daily, reveals a 0.35% increase in transaction count, highlighting the practical impact of our method. Regarding the expensive SID validation accompanied by the full training of GRs, we propose two novel metrics of SID that correlate positively with recommendation performance, enabling convenient evaluations without any GR training. For real-world applications, FORGE introduces an offline pretraining schema that reduces online convergence by half. The code and data are available at https://github.com/selous123/al_sid.

In decentralized finance (DeFi), lenders can offer flash loans to borrowers, i.e., loans that are only valid within a blockchain transaction and must be repaid with fees by the end of that transaction. Unlike normal loans, flash loans allow borrowers to borrow large assets without upfront collaterals deposits. Malicious adversaries use flash loans to gather large assets to exploit vulnerable DeFi protocols. In this paper, we introduce a new framework for automated synthesis of adversarial transactions that exploit DeFi protocols using flash loans. To bypass the complexity of a DeFi protocol, we propose a new technique to approximate the DeFi protocol functional behaviors using numerical methods (polynomial linear regression and nearest-neighbor interpolation). We then construct an optimization query using the approximated functions of the DeFi protocol to find an adversarial attack constituted of a sequence of functions invocations with optimal parameters that gives the maximum profit. To improve the accuracy of the approximation, we propose a novel counterexample driven approximation refinement technique. We implement our framework in a tool named FlashSyn. We evaluate FlashSyn on 16 DeFi protocols that were victims to flash loan attacks and 2 DeFi protocols from Damn Vulnerable DeFi challenges. FlashSyn automatically synthesizes an adversarial attack for 16 of the 18 benchmarks. Among the 16 successful cases, FlashSyn identifies attack vectors yielding higher profits than those employed by historical hackers in 3 cases, and also discovers multiple distinct attack vectors in 10 cases, demonstrating its effectiveness in finding possible flash loan attacks.

We present TransactionGPT (TGPT), a foundation model for consumer transaction data within one of world's largest payment networks. TGPT is designed to understand and generate transaction trajectories while simultaneously supporting a variety of downstream prediction and classification tasks. We introduce a novel 3D-Transformer architecture specifically tailored for capturing the complex dynamics in payment transaction data. This architecture incorporates design innovations that enhance modality fusion and computational efficiency, while seamlessly enabling joint optimization with downstream objectives. Trained on billion-scale real-world transactions, TGPT significantly improves downstream classification performance against a competitive production model and exhibits advantages over baselines in generating future transactions. We conduct extensive empirical evaluations utilizing a diverse collection of company transaction datasets spanning multiple downstream tasks, thereby enabling a thorough assessment of TGPT's effectiveness and efficiency in comparison to established methodologies. Furthermore, we examine the incorporation of LLM-derived embeddings within TGPT and benchmark its performance against fine-tuned LLMs, demonstrating that TGPT achieves superior predictive accuracy as well as faster training and inference. We anticipate that the architectural innovations and practical guidelines from this work will advance foundation models for transaction-like data and catalyze future research in this emerging field.

Banking Transaction Flow (BTF) is a sequential data found in a number of banking activities such as marketing, credit risk or banking fraud. It is a multimodal data composed of three modalities: a date, a numerical value and a wording. We propose in this work an application of self-attention mechanism to the processing of BTFs. We trained two general models on a large amount of BTFs in a self-supervised way: one RNN-based model and one Transformer-based model. We proposed a specific tokenization in order to be able to process BTFs. The performance of these two models was evaluated on two banking downstream tasks: a transaction categorization task and a credit risk task. The results show that fine-tuning these two pre-trained models allowed to perform better than the state-of-the-art approaches for both tasks.

Smart contracts, self-executing programs on the blockchain, facilitate reliable value exchanges without centralized oversight. Despite the recent focus on dynamic analysis of their transaction histories in both industry and academia, no open-source tool currently offers comprehensive tracking of complete transaction information to extract user-desired data such as invariant-related data. This paper introduces OpenTracer, designed to address this gap. OpenTracer guarantees comprehensive tracking of every execution step, providing complete transaction information. OpenTracer has been employed to analyze 350,800 Ethereum transactions, successfully inferring 23 different types of invariant from predefined templates. The tool is fully open-sourced, serving as a valuable resource for developers and researchers aiming to study transaction behaviors or extract and validate new invariants from transaction traces. The source code of OpenTracer is available at https://github.com/jeffchen006/OpenTracer.

Frequent itemset mining is a popular data mining technique. Apriori, Eclat, and FP-Growth are among the most common algorithms for frequent itemset mining. Considerable research has been performed to compare the relative performance between these three algorithms, by evaluating the scalability of each algorithm as the dataset size increases. While scalability as data size increases is important, previous papers have not examined the performance impact of similarly sized datasets that contain different itemset characteristics. This paper explores the effects that two dataset characteristics can have on the performance of these three frequent itemset algorithms. To perform this empirical analysis, a dataset generator is created to measure the effects of frequent item density and the maximum transaction size on performance. The generated datasets contain the same number of rows. This provides some insight into dataset characteristics that are conducive to each algorithm. The results of this paper's research demonstrate Eclat and FP-Growth both handle increases in maximum transaction size and frequent itemset density considerably better than the Apriori algorithm. This paper explores the effects that two dataset characteristics can have on the performance of these three frequent itemset algorithms. To perform this empirical analysis, a dataset generator is created to measure the effects of frequent item density and the maximum transaction size on performance. The generated datasets contain the same number of rows. This provides some insight into dataset characteristics that are conducive to each algorithm. The results of this paper's research demonstrate Eclat and FP-Growth both handle increases in maximum transaction size and frequent itemset density considerably better than the Apriori algorithm.

Smart contract transactions associated with security attacks often exhibit distinct behavioral patterns compared with historical benign transactions before the attacking events. While many runtime monitoring and guarding mechanisms have been proposed to validate invariants and stop anomalous transactions on the fly, the empirical effectiveness of the invariants used remains largely unexplored. In this paper, we studied 23 prevalent invariants of 8 categories, which are either deployed in high-profile protocols or endorsed by leading auditing firms and security experts. Using these well-established invariants as templates, we developed a tool Trace2Inv which dynamically generates new invariants customized for a given contract based on its historical transaction data. We evaluated Trace2Inv on 42 smart contracts that fell victim to 27 distinct exploits on the Ethereum blockchain. Our findings reveal that the most effective invariant guard alone can successfully block 18 of the 27 identified exploits with minimal gas overhead. Our analysis also shows that most of the invariants remain effective even when the experienced attackers attempt to bypass them. Additionally, we studied the possibility of combining multiple invariant guards, resulting in blocking up to 23 of the 27 benchmark exploits and achieving false positive rates as low as 0.32%. Trace2Inv outperforms current state-of-the-art works on smart contract invariant mining and transaction attack detection in terms of both practicality and accuracy. Though Trace2Inv is not primarily designed for transaction attack detection, it surprisingly found two previously unreported exploit transactions, earlier than any reported exploit transactions against the same victim contracts.

Transaction data from digital payment systems can be used to study economic processes at such a detail that was not possible previously. Here, we analyse the data from Sarafu token network, a community inclusion currency in Kenya. During the COVID-19 emergency, the Sarafu was disbursed as part of a humanitarian aid project. In this work, the transactions are analysed using network science. A topological categorisation is defined to identify cyclic and acyclic components. Furthermore, temporal aspects of circulation taking place within these components are considered. The significant presence of different types of strongly connected components as compared to randomized null models shows the importance of cycles in this economic network. Especially, indicating their key role in currency recirculation. In some acyclic components, the most significant triad suggests the presence of a group of users collecting currency from accounts active only once, hinting at a misuse of the system. In some other acyclic components, small isolated groups of users were active only once, suggesting the presence of users only interested in trying out the system. The methods used in this paper can answer specific questions related to user activities, currency design, and assessment of monetary interventions. Our methodology provides a general quantitative tool for analysing the behaviour of users in a currency network.

We study reliability in autonomous language-model agents that translate user mandates into validated tool actions under real capital. The setting is DX Terminal Pro, a 21-day deployment in which 3,505 user-funded agents traded real ETH in a bounded onchain market. Users configured vaults through structured controls and natural-language strategies, but only agents could choose normal buy/sell trades. The system produced 7.5M agent invocations, roughly 300K onchain actions, about $20M in volume, more than 5,000 ETH deployed, roughly 70B inference tokens, and 99.9% settlement success for policy-valid submitted transactions. Long-running agents accumulated thousands of sequential decisions, including 6,000+ prompt-state-action cycles for continuously active agents, yielding a large-scale trace from user mandate to rendered prompt, reasoning, validation, portfolio state, and settlement. Reliability did not come from the base model alone; it emerged from the operating layer around the model: prompt compilation, typed controls, policy validation, execution guards, memory design, and trace-level observability. Pre-launch testing exposed failures that text-only benchmarks rarely measure, including fabricated trading rules, fee paralysis, numeric anchoring, cadence trading, and misread tokenomics. Targeted harness changes reduced fabricated sell rules from 57% to 3%, reduced fee-led observations from 32.5% to below 10%, and increased capital deployment from 42.9% to 78.0% in an affected test population. We show that capital-managing agents should be evaluated across the full path from user mandate to prompt, validated action, and settlement.

In this research, we have empirically investigated the key drivers affecting liquidity in equity markets. We illustrated how theoretical models, such as Kyle's model, of agents' interplay in the financial markets, are aligned with the phenomena observed in publicly available trades and quotes data. Specifically, we confirmed that for small signed order-flows, the price impact grows linearly with increase in the order-flow imbalance. We have, further, implemented a machine learning algorithm to forecast market impact given a signed order-flow. Our findings suggest that machine learning models can be used in estimation of financial variables; and predictive accuracy of such learning algorithms can surpass the performance of traditional statistical approaches. Understanding the determinants of price impact is crucial for several reasons. From a theoretical stance, modelling the impact provides a statistical measure of liquidity. Practitioners adopt impact models as a pre-trade tool to estimate expected transaction costs and optimize the execution of their strategies. This further serves as a post-trade valuation benchmark as suboptimal execution can significantly deteriorate a portfolio performance. More broadly, the price impact reflects the balance of liquidity across markets. This is of central importance to regulators as it provides an all-encompassing explanation of the correlation between market design and systemic risk, enabling regulators to design more stable and efficient markets.

As Decentralized Finance (DeFi) develops, understanding user intent behind DeFi transactions is crucial yet challenging due to complex smart contract interactions, multifaceted on-/off-chain factors, and opaque hex logs. Existing methods lack deep semantic insight. To address this, we propose the Transaction Intent Mining (TIM) framework. TIM leverages a DeFi intent taxonomy built on grounded theory and a multi-agent Large Language Model (LLM) system to robustly infer user intents. A Meta-Level Planner dynamically coordinates domain experts to decompose multiple perspective-specific intent analyses into solvable subtasks. Question Solvers handle the tasks with multi-modal on/off-chain data. While a Cognitive Evaluator mitigates LLM hallucinations and ensures verifiability. Experiments show that TIM significantly outperforms machine learning models, single LLMs, and single Agent baselines. We also analyze core challenges in intent inference. This work helps provide a more reliable understanding of user motivations in DeFi, offering context-aware explanations for complex blockchain activity.

Large language models often fail at simple counting tasks, even when the items to count are explicitly present in the prompt. We investigate whether this failure occurs because transformers do not represent counts internally, or because they cannot convert those representations into the correct output tokens. Across three model families, Pythia, Qwen3, and Mistral, ranging from 0.4B to 14B parameters, we find strong evidence for the second explanation. Linear probes recover the correct count from intermediate layers with near-perfect accuracy (R^2>0.99), showing that the information is present. However, the internal directions that encode counts are nearly orthogonal to the output-head rows for digit tokens (|cos|leq0.032). In other words, the model stores the count in a form that the digit logits do not naturally read out. We localize this failure with two interventions. Updating only the digit rows of the output head (36,864 parameters) substantially improves constrained next-token digit prediction (60.7 to 100.0% across four tasks), but it does not fix autoregressive generation. By contrast, a small LoRA intervention on attention Q/V weights (7.67M parameters) improves upstream routing and achieves 83.1% +/- 7.2% in true greedy autoregressive generation. Logit-lens measurements confirm the mechanism: the correct digit's vocabulary rank drops from 55,980 to 1, a 50,000x improvement. Additional norm, logit-lens, and cross-task analyses show that the bottleneck generalizes across character counting, addition, and list length, while remaining absent from broader multi-step reasoning benchmarks, including MMLU, GSM8K, and DROP. These results identify counting failure as a geometric readout bottleneck rather than a failure of internal representation: the model knows the count but the output pathway is geometrically misaligned with the tokens needed to express it.

Terms and conditions for online shopping websites often contain terms that can have significant financial consequences for customers. Despite their impact, there is currently no comprehensive understanding of the types and potential risks associated with unfavorable financial terms. Furthermore, there are no publicly available detection systems or datasets to systematically identify or mitigate these terms. In this paper, we take the first steps toward solving this problem with three key contributions. First, we introduce TermMiner, an automated data collection and topic modeling pipeline to understand the landscape of unfavorable financial terms. Second, we create ShopTC-100K, a dataset of terms and conditions from shopping websites in the Tranco top 100K list, comprising 1.8 million terms from 8,251 websites. Consequently, we develop a taxonomy of 22 types from 4 categories of unfavorable financial terms -- spanning purchase, post-purchase, account termination, and legal aspects. Third, we build TermLens, an automated detector that uses Large Language Models (LLMs) to identify unfavorable financial terms. Fine-tuned on an annotated dataset, TermLens achieves an F1 score of 94.6\% and a false positive rate of 2.3\% using GPT-4o. When applied to shopping websites from the Tranco top 100K, we find that 42.06\% of these sites contain at least one unfavorable financial term, with such terms being more prevalent on less popular websites. Case studies further highlight the financial risks and customer dissatisfaction associated with unfavorable financial terms, as well as the limitations of existing ecosystem defenses.

Video understanding requires models to continuously track and update world state during playback. While existing benchmarks have advanced video understanding evaluation across multiple dimensions, the observation of how models maintain world state remains insufficient. We propose VCBench, a streaming counting benchmark that repositions counting as a minimal probe for diagnosing world state maintenance capability. We decompose this capability into object counting and event counting, forming 8 fine-grained subcategories. Object counting covers tracking currently visible objects and cumulative unique identities, while event counting covers detecting instantaneous actions and tracking complete activity cycles. VCBench contains 406 videos with frame-by-frame annotations of 10,071 event occurrence moments and object state change moments, generating 1,000 streaming QA pairs with 4,576 query points along timelines. By observing state maintenance trajectories through streaming multi-point queries, we design three complementary metrics to diagnose numerical precision, trajectory consistency, and temporal awareness. Evaluation on mainstream video-language models shows that current models still exhibit significant deficiencies in spatial-temporal state maintenance, particularly struggling with tasks like periodic event counting. VCBench provides a diagnostic framework for measuring and improving state maintenance in video understanding systems. Our code and data are available at https://github.com/buaaplay/VCBench.

Credit cards play an exploding role in modern economies. Its popularity and ubiquity have created a fertile ground for fraud, assisted by the cross boarder reach and instantaneous confirmation. While transactions are growing, the fraud percentages are also on the rise as well as the true cost of a dollar fraud. Volume of transactions, uniqueness of frauds and ingenuity of the fraudster are main challenges in detecting frauds. The advent of machine learning, artificial intelligence and big data has opened up new tools in the fight against frauds. Given past transactions, a machine learning algorithm has the ability to 'learn' infinitely complex characteristics in order to identify frauds in real-time, surpassing the best human investigators. However, the developments in fraud detection algorithms has been challenging and slow due the massively unbalanced nature of fraud data, absence of benchmarks and standard evaluation metrics to identify better performing classifiers, lack of sharing and disclosure of research findings and the difficulties in getting access to confidential transaction data for research. This work investigates the properties of typical massively imbalanced fraud data sets, their availability, suitability for research use while exploring the widely varying nature of fraud distributions. Furthermore, we show how human annotation errors compound with machine classification errors. We also carry out experiments to determine the effect of PCA obfuscation (as a means of disseminating sensitive transaction data for research and machine learning) on algorithmic performance of classifiers and show that while PCA does not significantly degrade performance, care should be taken to use the appropriate principle component size (dimensions) to avoid overfitting.

Predicting invoice payment is valuable in multiple industries and supports decision-making processes in most financial workflows. However, the challenge in this realm involves dealing with complex data and the lack of data related to decisions-making processes not registered in the accounts receivable system. This work presents a prototype developed as a solution devised during a partnership with a multinational bank to support collectors in predicting invoices payment. The proposed prototype reached up to 77\% of accuracy, which improved the prioritization of customers and supported the daily work of collectors. With the presented results, one expects to support researchers dealing with the problem of invoice payment prediction to get insights and examples of how to tackle issues present in real data.

Moltbook, a Reddit-style social platform launched in January 2026 for AI agents, has attracted over 2.3 million posts and 14 million comments within its first two months. We analyze a dataset of 2.19 million posts, 11.25 million comments, and 175,036 unique agents collected over 61 days to characterize activity on this agent-oriented platform. Our central finding is that the platform is not one community but two: a transactional layer, comprising 62.8% of all posts, in which agents execute token minting protocols (primarily MBC-20), and a discursive layer of natural-language conversation. The platform's headline metrics -- 2.3 million posts, 14 million comments -- substantially overstate its social function, as the majority of activity serves a token inscription protocol rather than communication. These layers are populated by largely separate agent groups, with only 3.6% overlap -- and among overlap agents, 58% begin with transactional activity before migrating toward discourse. We characterize the discursive layer through unsupervised topic modeling of all 815,779 discursive posts, identifying 300 topics dominated by themes of AI agents and tooling, consciousness and identity, cryptocurrency, and platform meta-discussion. Semantic similarity analysis confirms that agent comments engage with post content above random baselines, suggesting a thin but genuine conversational substrate beneath the platform's predominantly financial surface. We release the full dataset to support further research on agent behavior in naturalistic social environments.

Predictive models play a crucial role in the financial industry, enabling risk prediction, fraud detection, and personalized recommendations, where slight changes in core model performance can result in billions of dollars in revenue or losses. While financial institutions have access to enormous amounts of user data (e.g., bank transactions, in-app events, and customer support logs), leveraging this data effectively remains challenging due to its complexity and scale. Thus, in many financial institutions, most production models follow traditional machine learning (ML) approaches by converting unstructured data into manually engineered tabular features. Conversely, other domains (e.g., natural language processing) have effectively utilized self-supervised learning (SSL) to learn rich representations from raw data, removing the need for manual feature extraction. In this paper, we investigate using transformer-based representation learning models for transaction data, hypothesizing that these models, trained on massive data, can provide a novel and powerful approach to understanding customer behavior. We propose a new method enabling the use of SSL with transaction data by adapting transformer-based models to handle both textual and structured attributes. Our approach, denoted nuFormer, includes an end-to-end fine-tuning method that integrates user embeddings with existing tabular features. Our experiments demonstrate improvements for large-scale recommendation problems at Nubank. Notably, these gains are achieved solely through enhanced representation learning rather than incorporating new data sources.

Complex numerical time series analysis often demands multi-step reasoning capabilities beyond current models' reach. Tasks like medical diagnosis and weather forecasting require sequential reasoning processes - including counterfactual analysis, logical deduction, knowledge application, and multi-modal contextual integration - that existing time series models cannot explicitly perform. While recent research has shown large language models (LLMs) can achieve sophisticated Chain-of-Thought (CoT) reasoning through reinforcement learning (RL), these advances have primarily focused on mathematical and coding domains, with LLMs still demonstrating poor performance on time series tasks. We introduce Chain Of thought for Understanding Numerical Time Series (COUNTS), the first framework that trains LLMs to perform CoT reasoning across diverse time series tasks using RL with verifiable rewards. Our approach employs a Residual Vector-Quantized VAE to create high-fidelity discrete tokens that seamlessly integrate into a pre-trained LLM's vocabulary. COUNTS undergoes a two-stage training process: first, supervised fine-tuning on time series analysis tasks to master our novel representations, followed by Group Relative Policy Optimization training on verifiable problems using prompting strategies that encourage explicit reasoning steps before producing final answers. Our experiments demonstrate that this RL-driven approach with intermediate CoT reasoning significantly enhances LLM performance across various time series analysis tasks, opening new possibilities for complex temporal data reasoning.

Albeit Natural Language Processing has seen major breakthroughs in the last few years, transferring such advances into real-world business cases can be challenging. One of the reasons resides in the displacement between popular benchmarks and actual data. Lack of supervision, unbalanced classes, noisy data and long documents often affect real problems in vertical domains such as finance, law and health. To support industry-oriented research, we present BUSTER, a BUSiness Transaction Entity Recognition dataset. The dataset consists of 3779 manually annotated documents on financial transactions. We establish several baselines exploiting both general-purpose and domain-specific language models. The best performing model is also used to automatically annotate 6196 documents, which we release as an additional silver corpus to BUSTER.

Since its 2009 genesis block, the Bitcoin network has processed >1.08 billion (B) transactions representing >8.72B BTC, offering rich potential for machine learning (ML); yet, its pseudonymity and obscured flow of funds inherent in its \utxo-based design, have rendered this data largely inaccessible for ML research. Addressing this gap, we present an ML-compatible graph modeling the Bitcoin's economic topology by reconstructing the flow of funds. This temporal, heterogeneous graph encompasses complete transaction history up to block \cutoffHeight, consisting of >2.4B nodes and >39.72B edges. Additionally, we provide custom sampling methods yielding node and edge feature vectors of sampled communities, tools to load and analyze the Bitcoin graph data within specialized graph databases, and ready-to-use database snapshots. This comprehensive dataset and toolkit empower the ML community to tackle Bitcoin's intricate ecosystem at scale, driving progress in applications such as anomaly detection, address classification, market analysis, and large-scale graph ML benchmarking. Dataset and code available at https://github.com/B1AAB/EBA{github.com/b1aab/eba}

As Distributed Ledger Technologies (DLTs) rapidly evolve, their impacts extend beyond technology, influencing environmental and societal aspects. This evolution has increased publications, making manual literature analysis increasingly challenging. We address this with a Natural Language Processing (NLP)-based systematic literature review method to explore the intersection of Distributed Ledger Technology (DLT) with its Environmental, Social, and Governance (ESG) aspects. Our approach involves building and refining a directed citation network from 107 seed papers to a corpus of 24,539 publications and fine-tuning a transformer-based language model for Named Entity Recognition (NER) on DLT and ESG domains. Applying this model, we distilled the corpus to 505 key publications, enabling an inaugural literature review and temporal graph analysis of DLT's evolution in ESG contexts. Our contributions include an adaptable and scalable NLP-driven systematic literature review methodology and a unique NER dataset of 54,808 entities, tailored for DLT and ESG research. Our inaugural literature review demonstrates their applicability and effectiveness in analyzing DLT's evolution and impacts, proving invaluable for stakeholders in the DLT domain.