Digital Transaction

Public blockchains like the ones that power Bitcoin and Ethereum introduced a radical innovation: they removed the need for a single source of truth to validate timestamped data. But this involved tremendous costs in processing power, energy, and time. Even when high performance is not needed, data security always is, and the most secured public ledger still require companies to openly share metadata, which can be analysed to expose trade secrets. In addition, their claim of immutability is questionable because a forked chain can be deleted without notice. Consortium blockchains improve on security by allowing only members of a consortium to read data, but they do so without differentiating between partners and competitors among themselves, increasing the risk of data leakage, whilst on the other hand limiting scalability. Furthermore, there exists no way of proving the immutability of data.

ParallelChain™ is the world’s first and only hybrid distributed ledger, a blockchain system that combines the key characteristic of private, and public blockchains: security, and scalability, while allowing parties to verify the integrity of persisted data without exposing the data itself. ParallelChain™ is packed with unique and unmatched blockchain features: • Over 100,000 transactions per second • Real-time updates (< 0.01 second latency) • Enables seamless migration of Ethereum and Hyperledger applications • Compliance with EU's GDPR privacy ordinance • Provable immutability: the only way to truly earn and validate trust • Supports unlimited active partners (nodes) without any degradation in performance