PARSIQ is a novel platform supplies direct integrations amongst blockchains, knowledge suppliers, and off-chain apps, aka the true world.

With PARSIQ the complexities are hidden, there’s no have to reinvent the wheel by constructing in-house instruments which are simply accessed on PARSIQ.

In different phrases, real-time blockchain advanced occasions, like chain department reorganizations, block confirmations, fuel price knowledge, and the specifics of various blockchains are simple to handle with Parsiq. Anybody can construct and deploy blockchain to off-chain automation in minutes

Due to this easy-to-use ecosystem there is no such thing as a requirement for specialist data, which implies anybody can get began linking blockchains to off-chain legacy methods and networks.

Additionally, Parsiq ecosystem replaces the necessity to host nodes or spend cash on infrastructure.

PARSIQ co-founders Anatoly Ressin and Andre Kalinovski strongly consider that transparency is essential for blockchain to attain mainstream adoption.

The crypto area should transfer past a narrowed, though legitimate, the angle of community interoperability to 1 that establishes connectivity between this novel blockchain know-how and the off-chain world it seeks to affect and rework. The liveness of the blockchain should not be wasted.

Who Ought to Take into account Utilizing PARSIQ?

PARSIQ’s breakthrough know-how allows everybody and the whole lot, be that people, enterprises or units, to watch blockchain occasions in real-time.

This functionality permits the off-chain consumption of these occasions by apps and units, and because of this, stated occasions set off actions in any automated or semi-automated workflow atmosphere. On a nutshell, the blockchain occasions hit the skin world

One other approach of understanding this could be picturing the ‘static’ sensible contract residing on blockchains much like the way in which the web presently works, the place a person should click on a button by way of an internet browser with a view to convey alive purposes saved on centralized servers.

PARSIQ brings life to in any other case static sensible contracts residing on blockchains ready in useless for a ‘push’ or a ‘pull’ of interactivity.

We will think about PARSIQ to be in some way the glue into the blockchain ecosystem in order that the performance of sensible contracts will be absolutely utilized.

PARSIQ token (PRQ) went reside in October 2019 elevating €1.59 million exactly throughout the latest crypto bear market. Later, Parsiq supplied a full platform industrial launch in Could 2020. At the moment, Sequence A fundraising spherical is ongoing (closes Could 2021).

Parsiq’s core builders constructed a platform the place completely anybody (coder or non-coder, particular person, crew or enterprise) can construct and deploy blockchain to off-chain connections with only a few clicks or just a few traces of code.

This simplicity depends on standardizing all chains into one simply consumable system for customers to construct blockchain to off-chain automation workflows.

Appearing as a blockchain middleware, PARSIQ is a compelling answer for decentralized (and centralized blockchain) tasks and firms to allow their purposes.

As a common blockchain to off-chain answer, PARSIQ sees not solely main utilization within the Internet 3.Zero rising decentralized area, but additionally within the presently current Internet 2.Zero area for firms which are beginning to use blockchain because the underlying tech within the adoption part.

The core builders of PARSIQ consider it might ship worth for shoppers, tasks, customers, and builders comparable in scope to the worth of the underlying decentralized networks (eg. Ethereum) themselves.

Saving cash is the primary purpose why firms undertake the Parsiq system. By doing this, firms keep away from investing in {hardware} infrastructure or node internet hosting; and replaces the necessity of creating non-scalable options.

This retains firms protected from needing further improvement with a view to observe blockchains in real-time.

Parsiq’s Good Triggers: Extendible Good Contracts

In addition to Ethereum’s Good Contracts clear up the issue of automation inside a decentralized community, PARSIQ’s Good Triggers (that are primarily blockchain to off-chain Good Contracts) lengthen the performance of Good Contracts into the skin world.

Many firms/entities will want this vital piece of infrastructure to bridge all these networks and methods – and right here is the place PARSIQ is having its distinctive market alternative.

At the moment, PARSIQ is more likely to grow to be a vital piece of infrastructure for blockchains by interconnecting them.

 Easily create automation connections between blockchains and apps
Simply create automation connections between blockchains and apps

Are there Alternate options to Parsiq?

PARSIQ’s providing is such that it has no direct competitors which implies it has a big addressable market outlined by these looking for to leverage distributed ledger know-how with the least friction and value.

Different comparable options like Polkadot and Chainlink are working on the degree of spanning verticals in order that blockchains can ‘discuss’ to one another, however PARSIQ takes a special strategy by fixing interoperability on the person degree.

To this point, PARSIQ has no direct opponents.

There are a lot of crypto tasks doing numerous elements of what PARSIQ does, however none that do all of it. In brief, the PARSIQ technological strategy is exclusive within the area.

The Graph is maybe the closest competitor as a result of it’s also a blockchain knowledge administration and infrastructure challenge.

The Graph indexes transactions which have already occurred and put them right into a database. It then permits builders to question that knowledge from the listed database (i.e. pull historic knowledge).

That may be very completely different to PARSIQ’s strategy which, by the use of distinction, has visibility on all of the exercise happening throughout completely different chains (together with occasions that aren’t even seen from the blockchain straight) on the earliest doable degree (mempool and affirmation ranges) and permits for that knowledge to be processed in accordance with the coded logic (filter/map/compute/rework).

PARSIQ then pushes the data to the person in real-time with a view to set off off-chain actions.

The Graph and PARSIQ’s, subsequently, take completely different technological approaches. Every has its personal use instances. However processing reside stream occasions is an strategy that, coupled with knowledge processing and robotic automation, is gaining critical momentum in IT and PARSIQ is doing this for blockchain.

Within the paradigm that PARSIQ works in, it’s positioned because the extension of protocols resembling Ethereum, Solana and even infrastructure tasks resembling Chainlink.

Parsiq is turning into the common bridge connecting decentralized methods with centralized non-blockchain methods.

With greater than 45,000 registered customers, greater than 60,000 actively deployed Good-Triggers, greater than $25 billion value of transactions processed, and greater than 70 company companions/shoppers, Parsiq gained its pole place to grow to be the middleware infrastructure of alternative when connecting blockchain to real-world industrious processes.

Find out how to Incorporate PARSIQ Into Your Enterprise

PARSIQ presently operates as a subscription-based Software program-as-a-Service (SaaS) with numerous subscription plans (Free, Professional, Enterprise, Enterprise, relying on utilization/month).

From June 2021 the mannequin will shift to on-chain subscriptions, the place customers should maintain the PARSIQ token to entry PARSIQ providers and subscriptions, however with no price for truly utilizing the platform.

There may even be a round economic system of reusable inputs and outputs by way of a brand new Decentralized Finance (DeFi) product, the IQ Protocol, which is able to launch in June on mainnet following the just lately introduced testnet launch.

The IQ Protocol is a stand-alone product developed by PARSIQ and open to all, though PARSIQ would be the first challenge to make use of the Protocol. It creates an financial mannequin, linking the PARSIQ Platform, the PRQ token and the Protocol. PARSIQ has eight tasks lined as much as make the most of the Protocol, with extra within the pipeline.

IQ Protocol is the business’s first risk-free collateral-less lending/borrowing protocol (“renting” protocol) for making a round economic system round on-chain subscriptions.

It is going to be open-source and decentralized, designed to tokenize fashions, whereby a token/asset is required to be held to entry providers and options.

If tokens are decentralized cash and belongings, then IQ Protocol tokens (expirable representations of the common token, referred to as Energy Tokens) are decentralized subscriptions.

Lenders will have the ability to earn passive revenue by lending the tokens into the IQ Protocol pool, whereas potential customers can borrow or extra precisely “lease” expirable variations of these tokens with a view to entry the platform and its options (with out having to purchase them from the market).

Current integrations
Present integrations

Find out how to Get Began

Registering for an account on PARSIQ portal (portal.parsiq.web) requires solely an e-mail.

A easy Good-Set off contract will be arrange and deployed extraordinarily rapidly, however extra advanced enterprise or corporate-grade options could take 30-60 minutes to deploy.

Small companies, in addition to private customers, have a Good-Triggers interface deliberately easy, organized, and accessible. Alternatively, giant companies and enterprises are given a devoted infrastruсture able to being absolutely custom-made to their monitoring purposes.

4 steps to deploy

  • Step 1: Select what to observe (set of addresses or wallets or sensible contracts on any blockchain).
  • Step 2: Arrange transports (supply channels) the place to ship knowledge or which actions to carry out off-chain
  • Step 3: Script conditional logic (find out how to monitor, find out how to course of that knowledge, workflow steps and so forth).
  • Step 4: Deploy

Notice: technical documentation, tutorials, movies, and so forth. can be found on the platform (portal.parsiq.web)

Subsequent step is to decide on the Consumer’s degree of accessibility from three choices that includes 1 ready-made visible template, 2 fast monitory wizards, or Three coding IDE (built-in improvement atmosphere) for builders.

Keep knowledgeable, your approach

Select the way you wish to be notified. PARSIQ can present completely different supply means primarily based in your particular wants, from emails to fridge smart-screen notifications. Being these easy alerts, informative messages or uncooked knowledge – you get to decide on the way you wish to obtain your notifications.

If you’re fascinated with testing it, you’ll be able to run free trial variations or request a demo at https://www.parsiq.web/en/

Crypto Ecosystem Suggestions

The response from crypto members has been very optimistic, which has helped to validate the management’s perception within the industrial alternatives it provides to these constructing new merchandise and the ultimate end-users of these merchandise. Subsequently product end-users will profit from the improved high quality made deliverable via leveraging PARSIQ’s platform benefits.

The challenge continues to make person expertise enhancements and to evaluate requests for extra integrations and options.

PARSIQ’s Buyer Segments:

1st. Section, B2B crypto use instances: Internet 3.Zero tasks, for instance. DeFi tasks, protocols, Decentralized purposes (Dapps).

Centralized cryptocurrency service suppliers: eg. exchanges, wallets, custodians, over-the-counter buying and selling desks.

2nd Section, B2C crypto retail phase: particular person merchants who use PARSIQ to observe whales, Uniswap swaps, liquidity swimming pools, and so forth to front-run, construct arbitrage bots, make buying and selling selections, and so forth and particular person builders.

third. Section, Conventional companies: inside enterprise course of automation use instances: for instance, notifications, compliance, accounting, deposit processing, and so forth.
Who ought to think about testing and additional adoption:

  • Builders
  • Merchants – institutional and retail
  • Crypto tasks and firms
  • Conventional enterprises transitioning in the direction of blockchain because the underlying know-how
  • Crypto and blockchain traders – institutional and retail

Please click on right here for the Full product roadmap for 2021.

Key PARSIQ takeaways.

  • Connecting Internet 3.Zero to Internet 2.0 – permits decentralized networks and purposes to work together with present centralized networks, purposes, and legacy ‘analogue’ methods..
  • PARSIQ is the common middleware glue between blockchains and the true world.
  • Pushing ahead the mass adoption of blockchain know-how by permitting interoperability between blockchains and centralized methods.
  • Permits entities and people of all talent ranges to simply devour, manipulate and make blockchain knowledge actionable.
  • What Zapier did for automation and Splunk did for knowledge processing, PARSIQ is doing for blockchain.
  • Good-Triggers – representations of workflows deployed on the PARSIQ Platform – blockchain to off-chain Good Contracts connections to automate and provoke actions.
  • ParsiQL – PARSIQ’s personal domain-specific programming language designed for builders to work together with blockchain knowledge and to course of oracles and reside streams of blockchain occasions
  • Reverse Oracle – blockchain knowledge to the true world

The platform builders of PARSIQ will proceed to innovate and supply improved capabilities sooner or later in order that the blockchain is accessible to all, which is a superb purpose.


Author: Cryptodaddy