Build custom applications on the world’s fastest, most privacy compliant blockchain platform
A smart city's success rests on real-time, trustworthy and transparent data sharing between every infrastructure, device and network without compromising on privacy and security. A hybrid blockchain that can be simultaneously configured into all four modes is essential in making this happen.
Click start to see what a ParallelChain®-powered smart city looks like:Start
FinTech and CBDC
Many countries are exploring or launching trials for their Central Bank Digital Currency (CBDC), and blockchain is the only technology that has the capacity to support widescale CBDC deployment. The underlying blockchain must be one that is agile enough to operate in all 4 modes: public, private, permissioned and permissionless.
Click start to see how ParallelChain® supports FinTech and CBDC initiatives:Start
Bringing blockchain to bear on the
world's hardest challenges
Held back by critical technological limitations, blockchain has failed to deliver on its commercial promise.
Our vision is to fulfil that promise.
The ParallelChain® ecosystem is the only decentralized network with tailor-made applications that satisfy all information technology requirements in today's digital age.
Challenge #1: Insider threats
Outside-facing protections do not work when cyber threats come from within an organization.
Challenge #2: Data protection under work-from-home
Productive 'Work From Home' invariably necessitates moving sensitive company data out of the office, increasing the risk of data leaks.
Challenge #3: Time-consuming and error-prone KYC process
Institutions struggle to perform KYC efficiently and keep the KYC data updated and protected.
eKYC-Chain and PreventiveChain solve this.
eKYC-Chain digitizes the KYC process and achieves higher efficiency and reliability with anti-spoofing facial recognition, real-time selfie-to-photo-ID matching, KYC data management. Coupled with PreventiveChain, KYC officers can perform their duties even when working from home.
Challenge #4: Slow settlement times
To meet acceptable security standards, stock trades have to go through a long settlement process.
Challenge #5: Lack of workplace accountability
Parties working on a single project disagree about who is responsible for the successful completion of tasks, or failure to meet requirements.
Challenge #6: Data are lost due to accidents or malicious activity
Data generated by vehicles or IoT systems become irretrievable when the physical devices are lost or damaged, while cloud solutions leave the data tampering issue unsolved.