It can be challenging to find a middleware provider that can cater to the real world and the innovative technological world. Finding the right balance between these two segments is far more complex than people give it credit for. However, the PARSIQ team has successfully threaded this line and continues to push the boundaries of innovation.
The Story Of PARSIQ To Date
As a blockchain venture founded back in 2018, it took until 2019 until the first free beta of PARSIQ became accessible. Creating an idea on paper and turning it into viable technology in the real world is often a steep challenge. For this team, the development allowed them to launch their token in 2019, with the full commercial release to follow in May of 2020. It has been an intriguing journey so far, and the team of professional blockchain engineers has successfully achieved a bridge between this innovative technology and the real world.
By default, a blockchain has no way of interfacing with centralized applications, user devices, legacy systems, and so forth. Thus, it is one of the critical challenges to overcome, focusing on successful middleware providers to bridge this gap. Moreover, the solution needs to be accessible to anyone, regardless of coding experience. The outcome is PARSIQ, a system without the need for nodes or server infrastructure, no requirement for funding development resources. It has proper scaling solutions to make a real-world impact, unlike many other blockchain infrastructure providers.
Due to its universal approach, PARSIQ has gained momentum in the Web 3.0 space and the current Web 2.0 infrastructure. Many companies are experimenting with blockchain technology yet struggle to integrate it with their existing systems. This middleware comes into the picture as it connects the blockchain to any off-chain solution on the market.
Since its inception, the team has grown and attracted new talent. The PARSIQ advisory board welcomed Axia8 Ventures CEO Wayne Lin a few weeks ago. Prior to that, the venture received $3 million in funding from various VC institutions, including Solana, Facebook's Novi Financial, and others. It is the first time the company acquired funding outside of its 2019 token sale, further highlighting the potential this project has.
PARSIQ In Retail And Corporate
As a middleware provider, PARSIQ can be used for many different purposes in the retail sector. Although its primary use case is trading, that segment is a lot more diverse than people think. This middleware can do it all, whether it is whale monitoring, exchange deposit monitoring, or even identifying swaps on decentralized exchange pools. It is also an excellent tool to monitor arbitrage, frontrunning, and liquidity changes, among other things.
On the corporate spectrum, there are numerous options as well. A middleware provider like PARSIQ can help achieve the necessary infrastructure for web services, streaming data, workflow automation, risk & compliance monitoring, et cetera. Thanks to its Smart Triggers, the ecosystem brings the functionality of smart contracts to the real world.
Speaking of Smart Triggers, PARSIQ has partnered with Autonio to monitor blockchain activity. Autonoio's Trading Suite - which leverages Artificial intelligence - will monitor blockchain data to help users save time and effort. Building automated trading tools requires a combination of innovative technologies. As a provider of accessible and easy-to-use trading tools for the DeFi ecosystem, any technology to help streamline underpinning processes will prove beneficial. For Autonio, the implementation of Smart Triggers achieves that goal across trading, governance, and analytics data for AI.
It is essential for middleware providers to exist to bridge the gap between blockchain and the real world. Bringing smart contracts and the complex products and services it allows to be created into the real world can be beneficial to both retail and corporate clients globally. Traditional infrastructure can only achieve so much and has many weaknesses.
Exploring alternative infrastructure solutions such as a blockchain - with no specific requirements to use or maintain - can be a game-changer and cater to many different use cases. Exploring the different opportunities is what will push innovation forward.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.