This is an era of big data. All kinds of leisure, entertainment, and consumption constitute your personal data. Personal data aggregates into groups and eventually becomes a valuable report that can bring commercial effects.
1. The scale of digital assets is gradually increasing
Speaking of blockchain, although Bitcoin has only been available for more than 10 years, the crypto currency market has begun to take shape. According to official data from CoinGecko, the crypto market value is now trillions of dollars.
Remember when Bitcoin exceeded $30,000, the number of new registrations on the Binance Exchange exceeded 10 million in a day. What an exaggerated growth rate!
In addition, the game has gradually diversified. The introduction of Ethereum smart contracts has established a threshold for many decentralized and trustless scenarios to access. Nowadays, under the DeFi boom, various games such as decentralized transactions, lending, and mining are being used.
2. Challenges and opportunities under blockchain big data
Blockchain technology has decentralization, transparency and immutability, and has excellent advantages over the traditional financial world.
As the blockchain model continues to change, the public's awareness continues to increase, the scale of the blockchain is gradually expanding, and the data is developing rapidly, but there are still many challenges.
The first is the security issue . The more money is gathered, the easier it is for some problems to breed. Many asset thefts are still happening. The KuCoin exchange 150 million US dollars of digital assets were stolen. The assets on the recent DeFi agreement have been stolen. Theft also happens from time to time. These incidents have brought some obstacles to the development of the blockchain and also brought new thinking to the industry.
Solutions to the Difficulty:
1. Prevention
Prepare in advance, make some predictions and monitoring, and intervene in time to prevent incidents from happening.
2. Solve problems in time
If you can make some preparations in advance, prevention is definitely a better way. In order to enhance the credibility and transparency of digital assets, we need some scientific measures to prevent criminal behavior and purify the blockchain environment.
Secondly, there is the issue of data transparency . Although the blockchain is decentralized, in fact many places still adopt methods that are not decentralized enough.
Finally, the integration of data, the utilization rate is extremely low and the system is not enough . Big data is of course valuable. Effective data analysis and integration can help companies better integrate, mine, and analyze user data, build a stable data analysis background, better analyze user behavior, and improve user experience. The user level can also use big data analysis to provide help for their own investment decisions in order to obtain better returns.
Anatoly Ressin, the co-founder of the blockchain analysis and monitoring company PARSIQ, said, “ So far, there has been a lack of a complex tool with automation and in-depth analysis capabilities, which is necessary for large-scale real-time monitoring of the blockchain. ”
Now the Solution is PARSIQ
3. Blockchain big data intelligence platform PARSIQ
Before the bull market really started last year, ChainLink (Link) was regarded as one of the focus projects. The price rose all the way and the market value continued to break through, and finally ranked among the top 50 mainstream coins. It also made everyone look at the blockchain oracles.
An oracle is an indispensable type of middleware in a decentralized world. Its main function is to connect off-chain and on-chain, and synchronize information off-chain to the chain.
Is there a path opposite to the oracle, which synchronizes the information on the chain to the off-chain ? Of course, many people have used acoin, and they are actually doing this kind of thing, large-value transfer monitoring, exchange stolen asset transfer warning, etc., but in general, the function is relatively simple, mainly to provide intelligence, and PARSIQ does things It is much stronger!
The PARSIQ team believes that the blockchain is extremely complex, with native unstructured massive real-time data; the independence and distributed characteristics of the blockchain cause isolation from the centralized world, making the tracking and application of data extremely complicated. The current market lacks a complex tool with automation and in-depth analysis functions to perform large-scale real-time monitoring of the blockchain. This is also the background when PARSIQ was born.
Many people may not have heard of PARSIQ. I'll say a few things as a stepping stone:
1. In 2020, KuCoin exchange assets were stolen 150 million US dollars . The stolen coins were mainly NOIA. NOIA Network officially cooperated with PARSIQ to take a snapshot of wallet assets. According to the snapshot provided by PARSIQ, NOIA Network implemented a hard fork and abolished the assets on the hacker's account, while restoring the assets of the stolen users.
2. The Coinmetro exchange uses the PARSIQ monitoring function . In October 2020, PARSIQ successfully prevented most of Coinmetro hot wallet assets from being hacked, protected the security of user assets.
3. PARSIQ currently has more than 30 companies paying users . The industry covers digital exchanges (such as Coinmetro), payment processors (such as Bit.One), stable currency platforms (Brazil's first stable currency BRZToken), and trading desks (such as TransferoSwiss), wallet service providers (such as BC Vault), some hedge funds and family asset management offices, etc.
4. PARSIQ business partners include BinanceX , well-known public chains Celo, Algorand, Bitfury, Chainlink, Solana, Moon Capital, Cryptorank, Coinlist, BlockVis, European Crypto Association, etc.
5. The Beta version of the product has been launched, and currently has 40,000+ users and active overseas communities.
After talking about these things, everyone probably also basically realized the strength of PARSIQ.
PARSIQ is positioned as the " Zapier in the blockchain world ", allowing users (including individuals, companies, and enterprises) to monitor any events on various blockchains and applications in real time and on a large scale, and integrate these through a customized trigger mechanism. Events are linked to application scenarios such as applications or devices under any chain to enable automation of workflows.
PARSIQ can be applied in a rich variety of usage scenarios, including big data analysis and real-time monitoring and anti-fraud tracking on the chain, abnormal alarms, real-time attention to related blockchain projects, tracking their changes, collecting and integrating data on the chain for off-chain business processes. Ability (risk management, market intelligence, etc.).
Technically speaking, PARSIQ also has its own advantages:
Real-time and large-scale : The digital currency market is changing rapidly, and time is money. PARSIQ is based on big data technology, real-time + large-scale monitoring of the blockchain world.
Multi-chain solution : The different public chains and side chains in the blockchain world are interrelated and have some independence. PARSIQ supports multi-chain, not limited to a certain chain, and has great scalability.
Overlay calculation and real-time notification are combined , and a custom smart trigger concept is introduced. Users can define their own filtering, conversion, and aggregation logic for all aspects of the selected blockchain.
Mempool tool used as an early warning system digital assets.
PARSIQ's powerful technology is inseparable from a professional team. The team has more than 20 professional full-time personnel. The team members include information security experts, big data architects, cross-chain technology experts, financial technology talents, cryptography, etc., from well-known companies such as Deloitte, Fortumo, Civic, Bitfury, Bigbank, Playtech, etc. As the so-called professional people do professional things.
Through the analysis of the current blockchain world transparency, security, big data utilization and other issues, combined with the goals and directions of PARSIQ, it can be found that PARSIQ’s has great potential, which will help reduce market manipulation and improve the transparency of blockchain. If we verify from multiple dimensions such as team composition, partners, application scenarios, we will find that PARSIQ's business has made good progress.
