Listen to this articlePARSIQ is a tool that allows everyone – individuals, merchants, traditional financial institutions as well as decentralized finance projects to monitor any transactions across different blockchains in real time at scale to automate workflows related to those transactions. Below is our recent interview with Anastasia Shcherbina, from PARSIQ:
Q: Could you provide our readers with a brief introduction to PARSIQ?
A: Essentially, we give users the ability to apply if-this-then-that logic to set up triggerable workflows between blockchains and off-chain applications. At times we have been called “the Zapier for blockchains”.
Founded in 2018, the team behind PARSIQ consists of experienced and highly qualified industry professionals that are passionate about blockchain. Our ultimate goal is to push forward the mass adoption of blockchain technology by providing the necessary solutions. We want to give everyone the ability to understand and manipulate blockchain data streams. With PARSIQ we are making it easier to integrate blockchain infrastructures into existing businesses with an additional layer of monitoring and automation for blockchain-specific asset management.
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A: Last week we announced the launch of the production version of our monitoring and workflow automation platform. It has been in beta mode and free to use for the past 9 months. The new iteration includes our Quick Wizard, which allows any users, even those with no technical knowledge, to create their workflows with just a few clicks. Other new features include automatically checking whether any of the funds came from blacklisted, whitelisted or greylisted addresses. In addition to Telegram and Webhooks, the most recent app we integrated was Google Sheets – this simplifies accounting, financial reporting and portfolio tracking for individuals and businesses alike. Coming soon are integrations with Slack, Discord, and accounting software like Quickbooks and Xero among many others. PARSIQ also reached the milestone of 1000 registered users.
Q: What’s the best thing about PARSIQ that people might not know about?
A: In terms of product features, we actually created our own programming language called ParsiQL which is designed to work with live streams of blockchain events. It allows the most flexibility and customization in terms of describing the triggerable workflow, while also being very easy to use.
In terms of value proposition, we offer automation solutions that not only save time, save money and reduce complexity for our customers, but are also required by regulators. A lot of cryptocurrency-related businesses don’t need to perform in-depth forensic investigations, they just want to track assets in real-time and ensure that the funds they are processing came from legitimate sources – that’s where we step in. PARSIQ solutions are as cost-efficient as they can get. Forensic and investigation services offer expensive subscriptions, but with us you can set-up transaction monitoring activities with risk scoring included for as low as 49 USD/month.
Q: What can we expect from PARSIQ in next 12 months?
A: The blockchain and digital asset industry is moving fast. We will continue to expand our product offering by providing more integrations with new blockchains, new data providers and new applications. We want our users to be able to cover almost any use case that involves automating processes for blockchain activity.
But the future development that we are most excited about is actually allowing users to do the opposite of what they do now on our platform. Currently, they can trigger automatic actions in the real world to events happening on the blockchain. But we will give them the ability to do it vice versa – to automate asset transfers based on events happening outside the blockchain, effectively automating payments.
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Q: Tell us something more about your pricing plans?
A: We have a subscription-based pricing model with different tiers to suit anyone’s automation needs. It includes a Free plan for everyone to use with some limitations to the features and the number of actions you can use per month. Our Standard plan (19 USD/month) for advanced users like developers or traders, a Pro plan (49 USD/month) for startups who do not have huge transaction volumes and a Business plan (399 USD/month) for larger corporate customers. Additionally, we provide customly modified solutions to our Enterprise-grade clients that specifically conform to their business logic.
