PARSIQ and Binance X Bring Real-Time Monitoring to the Binance Smart Chain
Binance Smart Chain (BSC) has successfully integrated PARSIQ, the cross-chain blockchain events solution supported by Binance’s $100M Accelerator Fund, for use by any and all BSC smart contracts.
The integration opens a whole new world of monitoring opportunities on BSC, utilizing the first true blockchain monitoring solution, using custom Smart-Triggers that enable users to create sophisticated actions to be triggered in real time by smart contract data and events happening on-chain. These Smart-Triggers react to blockchain activity to automate any off-chain computations and even execute actions.
With PARSIQ’s platform now integrated into BSC, blockchain developers can leverage these tools to reduce the complexity of building monitoring solutions, save development resources, reduce infrastructure costs and solve a multitude of pain points that engineers are struggling with regularly.
The flexibility of PARSIQ’s IFTTT (if-this-then-that) Monitoring Technology coupled with Binance Smart Chain enables a variety of automated workflow solutions, which are simple to set up, but add tremendous value to everyone who needs to consume real-time blockchain events and make them actionable.
Cryptocurrency service providers, DeFi projects, traders, developers and end users can now apply PARSIQ technology for a variety of use cases including:
- Running production tests for dApps by comparing the implemented logic with their expected outcome.
- Monitoring and securing DeFi protocol applications on the Binance Smart Chain
- Automating processes like accounting, transaction tracking, reporting and many more by connecting blockchain activity to real world events
- Setting up automated trading decisions based on on-chain activity
- Notifying end users of any transactions in real time at any confirmation level with value-adding data
- Performing timely analytics to gain actionable insight
With integrations such as Bitfury’s Crystal and Chainlink’s oracle network PARSIQ can enrich the data being processed and give invaluable insights to actions and events on the blockchain.
“PARSIQ is incredibly excited and honored to be part of Binance’s Accelerator Fund, chosen over so many other great projects, and furthermore to integrate our monitoring solution directly with the Binance Smart Chain. This is yet another great collaboration that enables even more users to utilize the data that is created on chain, but is so hard to monitor and act upon in an easy manner for individuals and companies alike today.” says Tom Tirman, CEO of PARSIQ.
“PARSIQ is a useful and powerful tool that lets anyone build workflow applications that are reactive to events happening on-chain. We’re excited to partner with them, but even more so, excited to see what useful and creative applications that could be enabled by the PARSIQ platform.” says Teck Chia, Head of Binance X.
About PARSIQ
PARSIQ is a blockchain monitoring and workflow automation platform that serves as a multi-level bridge between blockchains and off-chain applications. PARSIQ technology is a proprietary ParsiQL programming language that allows users to monitor and interpret an endless stream of data on the blockchain; thus, it’s possible to monitor traders and ordinary users’ wallets.
There are also complex system integrations for financial institutions and DeFi projects to improve security, conduct audits, comply with regulatory requirements, and expand workflows. Visit parsiq.net to learn more about building custom event triggers.
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About Binance Smart Chain
Binance Smart Chain is a sovereign smart contract blockchain delivering Ethereum Virtual Machine (EVM) compatible programmability. Designed to run in parallel with Binance Chain, Binance Smart Chain retains the former’s fast execution times and low transaction fees while adding Smart Contracts functionality to support compatible dApps. For more information on Binance Smart Chain, visit https://www.binance.org/#smartChain.
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About Binance X
Binance X is a developer-focused initiative to foster innovation of blockchain developers helping to build sustainable growth and use cases of the industry. Specifically, Binance X educates, engages and empowers developers to improve or build projects on Binance platform including the Binance Chain, Binance.com APIs, Trust Wallet Core SDK, and Binance Charity donation platform.
