In the past 13 years, the world has seen innovation at its best. Bitcoin creation, cryptocurrency development, blockchain project launch, decentralized applications (Dapps) and more. To understand the financial evolution of blockchain, you only need to look at the price of bitcoin in 2013 and compare it to today. In 2013, one bitcoin was worth $22. Bitcoin stands comfortably at $60,000 today, and analysts suggest $100,000 is on the horizon. With the steady spread of blockchain technology, the blockchain as a service (BaaS) revolution has begun. PARSIQ wants to be the pioneer in the use of boxes in this BaaS revolution.
PARSIK : Overview
PARSIQ is promoting BaaS with its next generation monitoring and exploration platform. Users can observe and use these blockchains for a variety of uses. Includes:
- Real-time digital asset tracking
- Notifications about blockchain activities
- Intra-chain data acquisition and processing
- Combination of internal and external chain data, such as risk and market data, etc.
PARSIQ also provides interoperability between multiple devices and the ability to create complex workflows between them. Easy to use, flexible and scalable; PARSIQ removes the complexity associated with blockchain-specific workflows, allowing users to transform blockchain data in an efficient and convenient manner.
In addition, PARSIQ offers integration with many popular blockchains such as Ethereum, Binance Smart Chain and Solana. With such a wide range of platforms, blockchain continues to grow and the potential use by users continues to increase.
PARSIQ’s primary business objective and vision is to monitor and protect blockchain data. PARSIQ offers fully customizable end-to-end monitoring solutions with the ability to integrate chain data with alarm systems to efficiently generate alerts for chain data events.
The first day of PARSIQ training is based on the concept of the PARSIQ platform. This includes the use of chain-of-custody data and workflow optimization, as explained below.
Block by block current maintenance
One of the most important applications of PARSIQ is the ability to perform flexible and user-friendly analyses in the chain. Supply chain analysis offers a fundamental rather than a sentimental approach and can be used to identify historical trends. PARSIQ provides efficient in-chain analysis through its platform and a variety of analysis tools.
Small and large enterprises can implement in-chain analytics with PARSIQ’s automation of blockchain connectivity, fully customizable workflows, and a versatile selection of integration solutions. Workflows for in-chain and out-of-chain data can be extended with conditional logic, aggregation, data formatting, and more to meet all analysis objectives.
Taking into account the intelligent automation of triggering by PARSIQ, this process enables the development of a next generation chain analysis. The Smart Trigger receives input events, processes them according to user-defined logic, and generates intermediate/output events as specified by the user data.
When a user defines their monitoring goals in the user data, Smart-Trigger can be programmed with the ParsiQL language to process and verify all the monitored information. It’s simple: The Smart Trigger method allows users to quickly and efficiently combine bulk information to perform a chain analysis.
Smart tractor: Development based on Oracle Interoperability Blockchain
Blockchains or smart contracts allow interaction with external data. This facilitates the activation and deactivation of the circuit and lays the foundation for interoperability between circuits.
Smart-Trigger contributes to blockchain technology by directly enhancing this interoperability with its monitoring and data collection utilities. As with any smart contract or blockchain, an oracle is needed to facilitate the transfer of information between the contract and the real world. How Smart-Trigger builds this process by automating the movement of data through multiple block mappings, all based on user-defined requirements.
Unlike oracles, smart triggers are flexible, easy to use, fully customizable and can be tailored to the needs of each user. With the chosen logic, mass information can be filtered, aggregated and specified according to minimal criteria. This process reduces time, eliminates unnecessary information transfers, and evolves from the Oracle interoperability core.
A string analysis instrument of this caliber fits perfectly with the analysis tools used by companies like Chainalysis. Similarly, PARSIQ’s smart trigger offers the same efficiency in risk management, blockchain data monitoring and data collection.
Indeed, PARSIQ’s intelligent triggers have the potential to bridge the gap between consumer applications and blockchain analytics with an approach that has never been tested before.
Workspace optimisation with PARSIQ
Another strong argument in favour of PARSIQ is the efficient optimisation of workflows. PARSIQ workflows can be fully customized, organized and used in conjunction with intelligent triggers to create a solution that grows with the user.
The workflow facilitates multi-operational data transactions and automates responses to specific events with intelligent triggers. An example might be the following:
- Intelligent triggering: Bitcoin transaction – the address has received a new transaction.
- Telegram Bot: The user receives a notification of a new transaction through the Telegram integration.
- Data transfer risk assessment: adds a risk assessment for data outside the chain.
- Slack Alert: The user team is notified of the risk score via Slack.
This multi-step action and response process is called a workflow and can be fully configured to automate a chain of responses based on an intelligent trigger event. With the tools provided, users can customize their workflows to add real value to their business.
Using a simple visual drag-and-drop editor, the PARSIQ platform will allow users to easily structure their own business logic and enter words through a user-friendly interface that is currently under development. By using intelligent triggers to achieve automation goals, users can specialize in workflows tailored to their own business. This reduces delays and response times and allows more time to develop more important aspects of the business.
When PARSIQ offers integration with Slack and Trello, communication and task management can be managed simultaneously thanks to PARSIQ’s workflow optimization. This possible process would start with Smart Trigger, which then automates communication responses. If we follow this theoretical automation chain, Slack’s automated response to information will trigger a response from Trello that organizes and updates task management patterns.
Reassessment of subscription model
PARSIQ’s subscription model, IQ Protocol, is designed to provide a cost-effective and flexible method for implementing channel subscriptions – without sacrificing workflow quality/utility. Instead of relying on access to PARSIQ IQ services, businesses can enroll in this new Decentralized Finance Structure (DeFi). This framework avoids the pitfalls of issuing tokens that other BaaS companies often encounter. To offer this service in a subscription model, PARSIQ introduced the concept of Power Tokens.
Energy coins are not considered a means of payment, but a measure of energy production. Accumulated energy takes on the role of a billable unit spent on consumption of services (similar to gas prices in Ethereum transactions). This token model proposed by PARSIQ forms the basis for the unsecured lending of power tokens, which in turn forms the risk-free credit side of the IQ protocol. The innovation of PARSIQ via the IQ protocol opens up a wide range of possibilities forFi participation and reduces the associated risks to zero. By creating tokenomics that are sustainable and measurable over time, IQ Protocol aims to revolutionize the future of BaaS with Power Tokens.
PARSIC is the future
PARSIQ’s IQ protocol is indeed a determined attempt to bridge the gap between the DeFi world and the general public, one of the first such attempts in the field since it gained popularity last summer. Offering a completely new approach to obtaining utilities from DeFi platforms through a subscription system puts IQ on par with the traditional subscription model used in traditional application development.
The result is a shorter learning curve for key organizations looking to expand into the DeFi space, while eliminating some of the challenges associated with storing often unstable tokens to access DeFi platforms. In addition, the integration of PARSIQ represents a clear commitment to reduce development costs and promote an open, platform-independent development approach. This gives potential developers more flexibility to choose where to place their development in the DeFi space, and opens up the mainstream world to multiple DeFi-centric platforms simultaneously.
The future of DeFi depends on its integration into the consumer world. PARSIQ is the movement in that direction, and IQ is the milestone.
To learn more about PARSIQ and their vision for the future of WiFi, visit their homepage here. For more information on the IQ protocol and how PARSIQ is using it to reshape DeFi, read the IQ blog post here.
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