Parallel Chain: Abbreviated Introduction
Even though within the crypto space, there is a worldview that emphasizes anonymity and decentralization, there are also contenders holding opposing views. One such contender arguing in favor of accountability is ParallelChain.
ParallelChain is being developed by ParallelChain Lab, blockchain development and research company.
ParallelChain, a blockchain infrastructure, is powering two layer-1 blockchain platforms – ParallelChain Private (targetting enterprise use cases) and ParallelChain Mainnet. The project’s ecosystem consists of the following elements:
- XPLL token
- Node operation system
- Inter-ParallelChain Communication (IPC)
The network’s native token, XPLL, provides three utilities to the holders. The total supply is not finite, and the token issuance mechanism follows a fixed and declining rate schedule.
The Bahamas and Hong Kong, countries with different regulatory approaches, are jurisdictions for the governing law.
The project has an experienced executive team with a technical and entrepreneurial background. Different partners and venture-capital backers further strengthen the team.
However, the project is yet to launch on mainnet, and needs to reach additional milestones in the roadmap.
Product & Company Description
Introduction to ParallelChain
In 2018, Ian Hung founded ParallelChain Lab, blockchain development and research company. ParallelChain, a blockchain infrastructure, is developed by ParallelChain Lab. Two layer-1 blockchain platforms are powered by ParallelChain – ParallelChain Private and ParallelChain Mainnet.
ParallelChain Private is a permissioned business-native platform running market-ready software created for specific business purposes. It provides layer-2 solutions like company data leak prevention, tokenized products and loyalty programs, provenance and anti-counterfeit, supply chain and project management, and AI-Powered KYC and AML RegTech Suite. ParallelChain Private refers to the enterprise version of ParallelChain, called ParallelChain Enterprise, as featured on this page.
ParallelChain Mainnet is an open-source blockchain platform with which developers can build and deploy dApps using smart contracts. The use cases for ParallelChain Mainnet include NFTs, Games, DEXs, and other applications involving DeFi, for example.
Natively, ParallelChain supports Turing-complete smart contracts written in Rust, GO, and WASM (more in the future). ParallelChain is also leveraging optimistic rollups.
ParallelChain’s notable features include:
- Real-time double-entry prevention
- ~ 0.003 second transaction confirmation
- 120,000+ transactions per second
- GDPR-friendly data privacy compliance
Want access to the full breadth of our institutional-grade reports? Join our community of institutions and investors leveraging our industry-leading intelligence to navigate the world of crypto.
This Report is for informational purposes only and/or all or any of its content thereof, should not, may not, and will not be taken to constitute, either as a whole or in part, any investment advice or recommendation or similar, regulated, or authorized advice, and D-Core by producing, disseminating, giving away, or making available this Report does not, should not, may not and will not be taken to advise on investments, or carry out any similar activity, or any regulated activity or any other authorized activity. D-Core is not authorized by the Financial Conduct Authority or by any other competent EU or elsewhere or otherwise competent authority to carry out any regulated activities and/or any activities within the scope of these authorities’ competence.
D-Core excludes and disclaims all liability and/or responsibility whatsoever and/or howsoever caused, arising out of any actions, or omissions taken, or made by any authorized and/or other recipient of this Report in reliance on, or arising out of, or in connection with any or all content of this Report. Any authorized and/or other recipient of this Report acknowledges, accepts and agrees that they carry out their own independent research and act in their own sole risk in reading or using any or all information contained in this Report. In any event, recipients of this Report are urged to seek professional advice before making any potential investment decision in relation to the project described herein. Any authorized and/or other recipient of this Report accepts this Disclaimer in full. For the avoidance of doubt, this Disclaimer is binding against any recipient of this Report whatsoever.
 “Blockchain, the Scaling Dilemma and ParallelChain™’s Proof-Of ….” 17 Mar. 2021, https://medium.com/digital-transaction-limited/blockchain-the-scaling-dilemma-and-parallelchain-s-proof-of-immutability-poim-a82edc01865. Accessed 26 May. 2022.
 “ParallelChain® Enterprise.” https://www.parallelchain.io/parallelchain/enterprise. Accessed 24 May. 2022.