A Six-Step Guide on How We Build Custom Web3 Data Solutions
Blockchain data is a mess. If you’re not already familiar with this concept, we encourage you to learn more about how data storage solutions designed for Web2 are vastly different from decentralized blockchains and the world of Web3. More on our take of that here.
PARSIQ understands just how complicated blockchain data is. Because of this, we have built the tools to help Web3 projects to get data how they want it, when they want it, and delivered exactly in the format which they need it in.
Through our release of the Tsunami API, we’ve given developers the tools to get real-time and historical data on Ethereum, BNB Smart Chain, Polygon, Avalanche, and Arbitrum. We’ve since supplemented our API release with real-time filters and an ABI decoder.
But the real value comes from implementing PARSIQ’s Data Lakes — bespoke data solutions which are designed precisely for the customer, and the customer only. Factoring in everything from custom tailored endpoints down to data latency requirements, PARSIQ’s Data Lakes will power your frontends, backends, and everything in-between.
Curious to know how we do this? We pull back the curtain on the entire process below.
Step 1: Tech Call & Requirements Gathering
Once our customer has decided to move forward with a custom Data Lake solution, PARSIQ’s Development Team arranges a Tech Call with the customer’s Tech Team. The Tech Team prepares a list of custom data requirements in advance, and helps PARSIQ to understand its business requirements, logic, and how the custom data supports those activities. To ensure continuous alignment before, during, and after the Tech Call, communication channels are established (e.g. Telegram, Discord, etc) to ensure that both parties can reach each other as quickly and efficiently as possible.
Step 2: Detailed Requirements Analysis & Feedback
After the Tech Call, PARSIQ takes the customer’s inputs and does further analysis on the requirements. Further discussions are held as needed to clarify points and to talk through challenges.
Step 3: Scoping Finalization, Pricing, #BUIDL!
With the requirements and work effort clearly defined, PARSIQ finalizes pricing with the customer. It’s time to start building!
Step 4: #BUIDL, BUIDL, BUIDL
Time to check our coffee supply is fully stocked. Our devs go do what they do best — build! We don’t fully disappear though, customers should know that our devs are regularly interacting with the Customer’s Tech Team (e.g. note the communication channels which were established from Step 1 above). From proof-of-concept to the MVP, PARSIQ is not leaving our customers in the dark — it’s important to know that our customers are comfortable with our progress every step of the way.
Step 5: Delivering the Data Lake
With confirmations from our clients, we will complete your custom Data Lake. A meeting is held with the customer to demonstrate its capabilities and to show their Tech Team the different aspects of how the Data Lake functions. We explain how to integrate the Data Lake into their existing platform, and also deliver a set of custom API docs for reference by their team.
Step 6: Showtime
PARSIQ works with the customer to ensure that the Data Lake is fully integrated into their platform. We ensure that the Data Lake features are functioning as expected — from obtaining the correct data to ensuring that any real-time alert monitoring is also set up and operating according to specification. The Data Lake is live!
Enter the Fren Zone, our Comfy Data Guarantee
Every Web3 business who wants to differentiate itself from others will likely also need to factor in this differentiation from a data perspective. While standard endpoints are a starting point, custom endpoints and data solutions are what you need to drive your project to the next level. If you choose to go it alone, getting custom data can quickly turn into a complex journey. Instead, why not have an experienced team by your side who you can rely on for your data solution needs. Rest assured that after the custom Data Lake implementation, the PARSIQ team will be there to address any needs which may arise — this is our comfy data guarantee!
Let’s start a conversation
Excited to extract data from the blockchain? So are we! For more information on the Tsunami API and custom Data Lakes, reach out to bdteam@parsiq.net.
To check out everything that the Tsunami API can do — check out our docs here. Make sure to bookmark and visit regularly for updates!
