Boli and PARSIQ Collaborate to Boost Maldives’ Digital Landscape with Blockchain Technology

Boli, the pioneer of blockchain technology in the Maldives, and PARSIQ, an advanced blockchain data solution, have partnered to catalyze the digital transformation of the Maldives. By leveraging the potential of blockchain technology, this collaboration seeks to transform the nation’s multibillion-dollar tourism and public service sectors.

We have signed an MOU with @bolinetwork – a collaboration on research and development to introduce frontier technologies and advance HDC’s digital transformation plans for Hulhumalé.

This will be the first full-scale blockchain development project in the Maldives. pic.twitter.com/qDsdYUQu3E

— HDC (@hdcmaldives) February 10, 2022

On the business front, Boli and PARSIQ are working to integrate new customer lifecycle management technologies and international payment methods into the core of the tourism sector. This move has the potential to save the tourism industry millions of dollars every year. Boli and PARSIQ are currently working on developing ESG systems for the public sector, which prioritizes efficiency and transparency.

Boli has already conducted several high-profile research projects and is now working with organizations like The Eco Org, universities such as UAL: Central Saint Martins, charities like UNICEF, and corporations like Mastercard to develop digital solutions for climate change. The ultimate goal of this collaboration is to create the world’s first blockchain-powered Smart Cities.

Leading the Digital Transformation in the Maldives

The solution developed by PARSIQ streamlines and simplifies complex blockchain data in real-time and at an enterprise scale. A blockchain project of this scale demands an efficient and sophisticated data solution that is not only capable of processing the data instantaneously but is also capable of processing the data for extensive querying and extremely intuitive automation. PARSIQ is the ideal partner for such a project since it possesses these capabilities.

Boli has positioned itself as the partner of choice for some of the most well-known companies in the Maldives, including major firms in the tourism industry as well as the Smart City project being undertaken by the Maldivian government. The company created a system that makes it easier for companies and organizations to launch their own custom blockchains, tokenize their resources, and leverage the benefits of blockchain technology to improve the client experience, launch new services, and optimize operations. 

By combining their respective areas of expertise to develop cutting-edge, blockchain-based solutions, PARSIQ and Boli are well-positioned to take the lead in the digital transformation currently underway in the Maldives. The purpose of this collaboration is to establish a new benchmark in the region and around the world for the progress of technical efficiency. At the https://parallel.events conference, which will take place from July 6th through the 9th at Patina Maldives and CROSSROADS Maldives, Boli and PARSIQ will present their respective solutions for the Maldives.

Reimagining User Experience and Driving Sustainable Innovation

PARSIQ is a comprehensive data network that can be used to build the backend of any and all Web3 dApps and protocols. The Tsunami Application Programming Interface (API) offers real-time and historical data querying capabilities to blockchain protocols and their clients (such as protocol-oriented dApps). APIs known as “Data Lake” make it possible to perform complicated data searching and filtering on any project. These APIs were developed expressly with PARSIQ clients’ blockchain data requirements in mind.

Hilal Agil, Co-Founder & CEO of Boli, said: “We believe PARSIQ would be an important partner for us in our journey towards developing more efficient digital systems to reimagine the customer experience and operations of the hospitality industry and drive sustainable innovation in the Maldives.”

Tom Tirman, CEO of PARSIQ, said: “We are excited to partner with Boli to drive digital transformation in the Maldives. We are lucky to find ourselves at the cutting edge of blockchain’s real-world application – we’re very aware of the importance of this project and believe PARSIQ is the perfect fit.

The usage of blockchain technology is made much simpler for companies and organizations by the Boli platform. Boli provides its clients with a variety of tools for the creation and operation of their own unique blockchains, combining this functionality with the advantages provided by the technology to optimize business operations and improve the quality of their customer’s experiences.