For anything beyond basic analysis, the current generation of block explorers are not up to scratch.
PARSIQ believes its new blockchain monitoring and intelligence platform will change all that, allowing the automation and deep analysis features necessary to perform monitoring of blockchain at scale and in realtime.
At the moment, if existing block explorers such as Etherscan don’t offer the required features, then companies need to build their own solutions. PARSIQ is offering something new, a complete platform on which companies and individuals can run their own code, backed by a query language, ParsiQL, and allied technologies such as smart triggers.
With mempool monitoring, it plans to create new tools that can react to new transactions before they have been committed to the next block of a blockchain.
PARSIQ’s current clients include a stablecoin and a crypto exchange.
BRZ Token is a stable coin backed by the Brazilian Real, is piloting PARSIQ’s platform to ensure the security and stability of operations. By analyzing market activity and by providing real-time auditing, PARSIQ ensures the token’s convertibility demands are met.
Thiago Cesar, founder at BRZ Token said: “BRZ is the biggest stable coin in Brazil, and having a reliable way to track and get notified of crypto transactions is essential for any project that has a serious commitment to security and compliance. PARSIQ’s platform is instrumental in supporting these demands by providing us with realtime monitoring of transaction activity.”
CoinMetro, a cryptocurrency exchange, is already working with PARSIQ on the compliance side for KYC (Know Your Customer), and is now looking to integrate it into the wider exchange platform to enhance security and offer value-add services.
Kevin Murcko, CoinMetro CEO, said: “PARSIQ is a big part of our compliance strategy, the platform is already monitoring exchange deposits in realtime to ensure they come from legitimate sources. We’re now looking at deeper integration, using it to provide realtime alerts on any unusual or suspicious events on the exchange to make CoinMetro even more secure. We’re also looking at PARSIQ’s market intelligence features to give more information and market insights to our traders.”