PARSIQ’s universal tool launched into crypto space

PARSIQ launches a comprehensive tool for blockchain
analysis and monitoring

Both Bitcoin and the transactions in its blockchain, as in
the alternative cryptocurrencies (Altcoins), tend to be much more traceable
than assumed. Data and transactions in the blockchain are publicly legible by
all. Transactions, by the nature of the network, are interconnected and create
“routes” between them. PARSIQ is a universal tool for the analysis and monitoring of
blockchains that is born at a time when data is flooding the Internet.

The tool provides an analytical view of the transaction
history in blockchains. They are providing ease and speed when analyzing
massive correlated data. Considering the growth of the sector, tools related to
data management and analysis are essential. The tool doesn’t just scan the
network and create a simple listing; it also provides real-time monitoring of
accounts, transactions, and other issues related to the blockchain.

These include advanced analysis and processing of
transaction trees using extensive data; analytical techniques and machine
learning algorithms provide detailed information on asset movements in
blockchains. The platform will eventually work for multiple chains and
implements a modular design designed to provide various applications for
various use cases. In essence, PARSIQ is intended to be an open, accessible,
and extensible platform system; therefore, offering a suitable approach to the
scalability of networks in terms of processing and analysis is critical.

What services does the PARSIQ universal tool cover?

PARSIQ addresses the lack of simple monitoring and analysis
tools for the conventional and expert user. It is providing a complete
blockchain analysis platform with functions oriented to users and institutions.
The system is implemented as a mix of centralized and distributed systems that
combine monitoring and analysis of high-performance transactions; providing a
processing service with decentralized tracking in real time of both confirmed
and unconfirmed transactions.

At a deeper and more fundamental level, it monitors block
chains separately in real time; providing through virtual instruments (machines
that can classify transactions) filters and comparisons of different factors or
events.

The result of analysis and monitoring can be used for
forensic and analytical purposes or as triggers for user-specific real-time
monitoring services. We have witnessed data market launches, news with scandals
about large purchases, losses, or even data theft. With the start of PARSIQ,
the analysis and monitoring of data related to cryptographic transactions find
a new competitor with cutting-edge technology. The uses for which the PARSIQ
ecosystem is designed to users and institutions; for this reason, it has been
developed based on the necessary versatility covering a complete menu of use
cases. We present them below.

  • Real-time
    monitoring and notification of blockchains
  • AML
    Compliance Solutions
  • Market
    intelligence for cryptocurrencies and tokens
  • Forensic
    analysis of blockchains
  • Enhanced
    security solutions

In summary, PARSIQ is the new state-of-the-art platform for
monitoring blockchains and intelligence.

The global context in which PARSIQ’s universal tool is born

The toolkit presented poses problems of insufficient
monitoring and analysis. All this, with a development, focused on the
availability of instruments adapted to existing and new ecosystems of
cryptocurrencies and tokens. In terms of management, the ability to analyze and
manage data will provide the simplicity required in the reorganization of
users’ patrimonial and financial infrastructures. These tools are now privately
traded. This makes them more expensive, and therefore they end up under the
control of vast fortunes, corporations, or political entities. In short, they
are difficult to access and end up under the supervision of centralized giants.

As a result, the proliferation of the adoption of
cryptography has meant the change from centralized networks to networks of
decentralized structure, open, free, and neutral. So it frees up the need for a
trusted third party. The documentation on its website reveals that PARSIQ is
capable of generating information about the digital assets and architectures of
the most challenging transactions to monitor.

The most privacy-focused block chains have their advanced
pseudo-anonymity systems, and block scanners are often limited or
straightforward when it comes to deep analytics by unversed users or
non-specialized entities. PARSIQ brings a new ecosystem of support tools for
monitoring and analysis within everyone’s reach.

PARSIQ attends as bronze sponsor the Blockchain Expo 2019 held in Amsterdam.
Anatoly Ressin (co-founder) and
Hendrik Henrikson (CBDO) will represent the platform.

Key features of the PARSIQ platform

The key features of the platform are listed in the official
documentation. We can find a Whitepaper and its short version (One-Pager) in
which a complete breakdown of the technical part is made; we have extracted the
following section:

Smart Triggers

Smart Triggers redefine how PARSIQ users can monitor the
state of the blockchain in real time. Using the platform’s native programming
language, ParsiQL.

24/7 cryptographic alarms

Configurable notifications and programmable actions allow
users to react in time to an event of interest in the blockchains.

Continuous audit for legal compliance

Continuous auditing helps to track blockchain’s compliance
with market rules and regulations. Offering the integrity claimed in adoption
matters.

Retrospective analysis

PARSIQ allows users to reproduce any part of the blockchain
to collect information about previous states. Reproducing any moment in the
past.

Geographical distribution of the infrastructure

The technologically advanced infrastructure of the platform
is distributed in several global locations; this is done to achieve the minimum
delay in synchronization with any chain of blocks. Offering excellent response
times.

Real-time feature extraction

During the monitoring process, specific characteristics are
collected and added for analysis, monitoring, and pattern formation. Offering
real-time data management without the need for long waits.

To keep up to date with new updates around the project you
can subscribe to the mailing list or follow the social profiles of the project.
We share official links below.

Web – Parsiq.io/

Telegram – T.me/joinchat/GN_KTk61vrtFibKmouJbLw

Medium – Medium.com/parsiq

Twitter – Twitter.com/parsiq_io

Facebook – https://www.facebook.com/Parsiq-230079557705047/

Blog – Blog.parsiq.io/

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