Understanding Blockchain Data & The Vision Of PARSIQ For Custom Tailored Data

December 13, 2022

Tom Tirman, CEO of PARSIQ, joined us on an episode of NEWFORUM to discuss the importance of understanding Blockchain Data. He also explained the overall Vision and mission of PARSIQ. Tom also talked about their Tsunami API: with Tsunami, PARSIQ amplifies its power toward building the world's most potent and easily accessible data services. What is PARSIQ Data Lake? Does it interact or not with Tsunami API? Why is Tom so bullish about NFTs? Get all these answers and more in this episode of NEWFORUM!

Tom Tirman, the founder of PARSIQ, a platform for tracking, tracing, and triggering events on blockchain networks, recently sat down for a podcast interview to discuss his journey in the world of Web3, PARSIQ's vision, mission, and goals, and the future of blockchain technology.

Tom's Web3 Journey & Why He Stayed Tom's journey in the world of Web3 started in 2016 when he first learned about blockchain technology and its potential to change the world. Despite the ups and downs in the crypto market, he saw the immense potential in the technology and decided to stay in the space.

"Timely reaction to events on the Blockchain gives you an edge, whether you're a trader, investor, or seeking to prevent fraud and crime."- Tom Tirman

Discovering Blockchain Data: Access & Understanding Web3

One of Tom's most significant challenges was the need for more access to Blockchain data. He realized that to fully understand the potential of Blockchain technology, one must have access to the data on the Blockchain. This led to the creation of PARSIQ, a platform that provides access to blockchain data and allows users to understand and utilize Web3.

PARSIQ's Vision, Mission & Goals

PARSIQ - go-to backend for web3 applications. They are a full-suite data network used to build the backend for all web3 dApps & protocols. PARSIQ products & solutions equip clients with historical and real-time data, custom-tailors that data to their specific needs, and provide the means for storing and securing that data. They aim to make Blockchain data accessible to everyone, and its goal is to become the go-to platform for tracking, tracing, and triggering events on Blockchain networks.

"The whole concept of having a decentralized ledger, for assets for transactions for records. And a way for people to have actual ownership of their assets, which is immutable and cannot be confiscated. That struck me as something I want to get involved with..."- Tom Tirman.

What Is Tsunami API?

PARSIQ's main product is the Tsunami API, which allows developers to access real-time blockchain data and create powerful new applications. The API provides a way to access data on the Blockchain in real-time, creating new applications and services that were previously impossible.

Tsunami API: Different Use Cases

The Tsunami API can be used in various cases, including price tracking, DeFi monitoring, and blockchain security. For example, the API can be used to track the price of cryptocurrencies in real-time, monitor DeFi protocols, and detect and alert users to security threats on the Blockchain.

Bull Run Impact On PARSIQ: Positively Or Negatively?

When asked about the impact of the recent bull run on PARSIQ, Tom stated that it had a positive impact on the company. The increased interest in the crypto market led to more people discovering PARSIQ and its offerings.

Explaining Data Lake: Does It Interacts With Tsunami API?

PARSIQ's Data Lake is a repository of Blockchain data that can be accessed through the Tsunami API. The Data Lake allows users to store, access, and analyze Blockchain data, making it possible to create new applications and services based on this data.

"The thing about Blockchain data is that it's pretty big because everything is stored on the chain; we have many chains right now, a lot of these centralized networks that produce terabytes or even petabytes of data. And the problem with it is that if you want to get or see something, like any kind of transaction, the interaction between two persons, two entities, you don't have a good way to do that..."- Tom Tirman

PARSIQ IQ Protocol

PARSIQ's IQ Protocol is a platform for creating and trading non-fungible tokens (NFTs). The protocol is built on the PARSIQ platform and leverages the Tsunami API to provide real-time access to blockchain data.

IQ Protocol: Why Is Tom Bullish About NFTs?

Tom is bullish about NFTs because he sees the potential for NFTs to change how we think about ownership and value in the digital world. NFTs can revolutionize how we think about digital assets and open up new opportunities for creators and consumers.

How Is PARSIQ Powering IQ Protocol?

PARSIQ is powering the IQ Protocol by providing real-time access to blockchain data through the Tsunami API. This allows the IQ Protocol to provide users with real-time information about NFTs, making it possible to create and trade NFTs in a more

During the interview, Tom also discussed challenges, limitations, and lessons he and his team have encountered during their journey in the Blockchain space.

PARSIQ, a Blockchain monitoring and automation platform, has faced its share of hurdles, including node crashes. When a node crashes, the system must have fail-safes in place to prevent data loss and ensure seamless operation. Tom shared that PARSIQ has learned the importance of having a robust and scalable infrastructure to handle such incidents.

The company also focuses on improving its interaction with other Blockchain networks, which will help grow the PARSIQ ecosystem. The bear market has not significantly impacted PARSIQ's growth as the company continues to develop new partnerships and integrations.

Tom emphasized the importance of Blockchain education and understanding its potential to drive the future of technology. He is excited about the advancements in augmented reality (AR), virtual reality (VR), and the Metaverse and how these technologies will significantly shape the future of PARSIQ.

Finally, Tom shared his thoughts on the trust layer and Blockchain data, discussing how companies leverage these technologies to bring new financial instruments to the market. He believes Blockchain data will play a crucial role in providing transparency and security in the financial industry, and PARSIQ is well-positioned to help lead this charge.

In conclusion, the challenges and limitations that PARSIQ has faced in the Blockchain space have only made the company more robust as it continues to develop new solutions and partnerships that will drive the growth of its ecosystem. With Tom's vision and passion for technology, PARSIQ is poised for a bright future in the blockchain space.

Enjoy the full conversation on this episode of NEWFORUM🔥

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"Timely reaction to events on the Blockchain gives you an edge, whether you're a trader, investor, or seeking to prevent fraud and crime."