GeoParquet is a [[Cloud Computing|cloud]]-native [[File Format|file format]], based on [[Apache Parquet]], which had no geometry type before. It is a columnar format, so you can do partial read on columns as well. It stores a bunch of rows together, and allows for basic spatial filtering on it. It is not based on a classical spatial index, to figure out how to best structure the file.
GeoParquet was a standard vouched for by [[CARTO]] and its place in the Open Geospatial Consortium. However, since [[Apache Parquet]] is now expected to support the [[Geography data type|Geography data type]], it is expected now to be merged upstream: future work on GeoParquet is most likely to take place on the [[Apache Parquet]] standard itself.