Indexing–Co: Addressing Challenges in The On-chain Data Space

Introduction

One of the major challenges of the rapidly evolving blockchain sector is access to reliable and organized data. Most oracles relay real-world data to smart contracts, but their influence is limited to bridging blockchains with external information.

With blockchains being isolated systems, it is crucial that they are interconnected and can exchange data with each other. It is also essential that users can access these datasets and apply them in specific cases. This is where The Indexing Company, otherwise known as Indexing–Co, comes in. This article will explain how Indexing-Co addresses the challenges in the on-chain data space.

The Indexing Company

The Indexing Company provides enterprise-grade infrastructure for on-chain and stablecoin data. The firm’s system ensures entities and institutions have access to reliable, performant, and blockchain data tailored to their needs.

Indexing–Co replaces fragmented data stacks across chains with real-time information delivered quickly at low cost. The company says its users do not need three vendors and two teams to move data; all they need to do is build the setup their use case demands on Indexing–Co.

With Indexing–Co’s prebuilt sources, users can access data from any network and source, whether on-chain or off-chain. As long as the data source is in Web3, it can be indexed. By plugging their Remote Procedure Calls (RPCs), users can create their custom pipelines and receive transaction histories, token balances, and smart contract information from blockchains. Pipelines are the primary way to interact on the Indexing–Co’s protocol.

It is worth noting that Indexing–Co does not sell data; the company only powers the infrastructure that eases access to data across. The firm’s system streams the obtained information directly to a user’s storage, reporting system, database, or compliance environment.

The Neighborhood

At the core of The Indexing Company’s system is The Neighborhood, which is a distributed data network designed for institutions. This protocol houses configurable pipelines that can merge raw on-chain and off-chain data into a single, controlled environment.

The Neighborhood’s distributed network spreads across more than 127 blockchains. Each pipeline filters, transforms, and delivers data to specified virtual locations. Users can define which chains, wallet addresses, and contracts to monitor, and have JavaScript format the data accordingly for their applications.

There is no centralized cloud or redundant pipeline in The Neighborhood; instead, there are distributed clusters of nodes that are constantly optimized and debugged by an efficient system. The protocol offers users the flexibility to scale data without overbuilding and an environment to make their pipelines sustainable.

As a multi-chain support network, the protocol works across numerous blockchain ecosystems and virtual machine types. They include the Ethereum Virtual Machine (EVM), Solana Virtual Machine (SVM), Move Virtual Machine (MoveVM), and the Unspent Transaction Output (UTXO) system, which is primarily built for the Bitcoin ecosystem.

The Neighborhood also supports CosmWasm, the smart contracting platform built for the Cosmos ecosystem, as well as custom integration for networks like Celestia and Farcaster. Instead of polling application programming interfaces (APIs) across these chains, users can utilize The Neighborhood’s pipelines to define what data they want, how, and where they want it delivered.

Core Features

At the core of The Neighborhood are composable systems that align to transform raw data into actionable payloads. These features help pipelines run smoothly, and they include:

• Federated Storage: A storage system that keeps data where it belongs, collecting from distributed sources without centralizing or duplicating.
• RPC Integration Layer: This enables The Neighborhood to connect directly to blockchain RPCs across supported chains in real time.
• Distributed Compute: A distributed cluster of nodes that processes data and executes tasks in parallel and on demand. These distributed clusters are called Neighbourhoods. They are fast and reduce latency or unnecessary computation.
• Transformation Engine: As data is sourced from different chains, this feature transforms the raw logs into structured output. Users can customize their JavaScript functions to shape the data as they see fit. There is also a configuration API that controls all pipelines programmatically.
• Delivery System: This feature routes processed data to a user’s preferred location.
• Incentivization Layer: The Neighborhood created a tokenized system that rewards network participants for contributing compute and storage.

Use Cases

Indexing–Co built its network in a way that allows it to be utilized across a variety of use cases. From institutions to on-chain aggregators and market monitors, The Neighborhood provides reliable on-chain data infrastructure.

• DeFi Activity and Pricing: The network provides feeds for several decentralized finance (DeFi) activities, including swaps, lending, staking, and liquidations.
• Stablecoin Analytics: The Neighborhood’s pipelines offer visibility into activities in the stablecoin sector, including supply, transfers, and liquidity flows, across supported chains. 
• Payment Systems: Track wallets, portfolios, and liquidity flows across payment protocols. This enables users to use funds wherever they exist as quickly as possible. Neighborhoods can also execute transactions based on incoming flows or specific pipeline setups.
• Onchain and Off-Chain Data Fusion: Acting as some form of oracle by merging blockchain and off-chain data in the same pipelines. These outputs can be crucial for real-world assets (RWAs) and artificial intelligence infrastructures.
• Risk and Compliance: Contributing to an intelligence layer that helps teams monitor adoption, exposure, and suspicious flows on-chain. Neighborhoods also provide data infrastructure for on-chain identity and reputation systems.
• Accounting and Reporting: Provide datasets that feed records of inflows and outflows, down to the smallest on-chain transfers.
• Institutional On-chain Data Infrastructure: Pipelines that feed structured, auditable, query-ready data directly into institutional risk and trading systems.

Partners

Since The Indexing Company was founded in 2022 in the United States, the firm has expanded its reach on-chain and off-chain. The company offers services to numerous partners, including the decentralized energy firm Daylight and the liquidation-free margin trading platform Blackwing. 

Indexing–Co has also formed alliances with multi-chain custody network Cordial Systems, blockchain analytics company Bello, the on-chain identity security provider Delegate, and the blockchain intelligence entity Crystal. In April last year, Indexing–Co partnered with the crypto payment company Mesh to “revolutionize the way crypto transfers are monitored and processed,” according to a testimonial of the collaboration on LinkedIn.

Notably, The Indexing Company recently got accepted into an Alliance Program owned by the stablecoin issuer, Circle. The company offers tailored stablecoin and payment datasets as part of the pact.

Conclusion

The data infrastructure offered by Indexing–Co comes with several perks, including 99.95% uptime, reorg-resilient backfills, and service-level agreement (SLA)-backed support. Combined with The Neighborhood’s multi-chain, sub-second latency streams and tailored delivery, it is safe to say that users are in for an exciting ride.

In conclusion, Neighborhoods and their pipelines can help address the challenges users face when collecting and transforming data without excessive cost. Ready to access tools that give you insights into multiple blockchain networks? The Neighborhood might be the right place for you.