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New on Binance Smart Chain: PARSIQ Cross-Chain Events Solution

2020-12-17

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.