Light-years Ahead
How ParallelChain Enterprise Compares
Putting our blockchain head-to-head with other enterprise blockchain solutions on the market.
| Availability | Type of Blockchain | Transactions Per Second (Single Chain) | Transaction Confirmation | Data Privacy Compliance | Right to be Forgotten | User Registration: Secured and Trusted Access | ||
|---|---|---|---|---|---|---|---|---|
 | ParallelChain Enterprise 2.0 | NOW | PRIVATE | 120,000+ TPS | ~0.003 second | GDPR-friendly | Multi-Biometrics | |
 | ParallelChain Enterprise 1.0 | NOW | PRIVATE | 100,000+ TPS | 0.01 second | GDPR-friendly | Two-Factor Authentication + Biometrics | |
 | Corda | NOW | PRIVATE | 800+ TPS | "Near instant" | Two-Factor Authentication | ||
 | Hyperledger Fabric | NOW | CONSORTIUM | 3,500+ TPS | 0.1 second | Two-Factor Authentication |
Note: Bitcoin and Ethereum requires (N + 5) transactions in order to confirm the Nth transaction.
Paradigm Shift in Enterprise Software
Blockchain Powered,
Zero Compromises.
A suite of layer 2 applications, built on top of ParallelChain Enterprise leveraging its speed, security and data immutability.
Fostering Blockchain Adoption
A Few Examples of What You Can
Build With ParallelChain Enterprise
Data Storage
Use ParallelChain Enterprise as an immutable and tamper-proof data storage relay, for mission-critical and sensitive data.Our unique Proof-of-Immutability (PoIM) algorithm and privacy-protected data validation adds an additional layer of security to your company's data.
Auditing Tool
One of the best attributes of a blockchain is its tamper-proof chararistics, making it the perfect tool to encapsulate user actions and requests.Capitalizing on this, companies will therefore be able to ensure that a valid audit trail is being kept at all times.
Settlement System
Blockchain technology has the potential to make asset trading faster and more efficient by reducing the amount of intermediaries required.ParallelChain Enterprise can act as the "single source of truth", by keeping an immutable record of all transactions. Reducing the requirement of having a traditional clearing house for trade verifications.
Process Management
Use Programmable smart contracts to automate actions, perfect for managing a supply chain that consists of multiple, fragmented parties.Write and deploy smart contracts on ParallelChain Enterprise in Go Lang, or Rust. Hyperledger Smart Contracts can be easily migrated to run on ParallelChain Enterprise.
Supply Chain Management
Supply chain is a large ecosystem with multiple stakeholders across the globe. A blockchain with limited scalability offers little value to help manage the supply chain.Unlimited scalability enabled by the parallelism design of ParallelChain Enterprise. to support a supply chain network of any size.
Unleashing Blockchain for Business
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.
Insider Threats
Outside-facing protections do not work when cyber threats come from within an organization.
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.
Time-Consuming and Error-Prone KYC Process
Institutions struggle to perform KYC efficiently and keep the KYC data updated and protected.
Slow Settlement Time
To meet acceptable security standards, stock trades have to go through a long settlement process.
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.
package commercialpaper
import (
"digital-transaction/pco/parallelcore-apps/apps/commercial-paper/contract/paper"
"fmt"
engine "parallelcore-smartcontract-sdk-go/smartcontract_engine"
"strconv"
"strings"
)
// MySC smart contract instance
type MySC struct{}
// Initialize does nothing in this case
func (sc MySC) Initialize(tr engine.Transaction, in []byte) ([]byte, error) {
return nil, nil
}
// Handle calls do<ACTION> on invocation of this
// smart contract.
func (sc MySC) Handle(tr engine.Transaction, in []byte) ([]byte, error) {
args := strings.Split(string(in), " ")
action := args[0]
switch action {
case "List":
paperStrRepr, err := doList(paper.TransactionContext{Transaction: tr})
if err != nil {
return nil, err
}
return paperStrRepr, nil
case "Issue":
faceValue, err := strconv.Atoi(args[5])
if err != nil {
return nil, fmt.Errorf("faceValue should be an integer. Received: %s
Error: %v", args[5], err)
}
err = issue(paper.TransactionContext{Transaction: tr}, IssueArgs{args[1], args[2], args[3], args[4], faceValue})
if err != nil {
return nil, err
}
return []byte(fmt.Sprintf("Paper successfully issued")), nil
case "Buy":
price, err := strconv.Atoi(args[5])
if err != nil {
return nil, fmt.Errorf("price should be an integer. Received: %s
Error: %v", args[5], err)
}
err = buy(paper.TransactionContext{Transaction: tr}, BuyArgs{args[1], args[2], args[3], args[4], price, args[6]})
if err != nil {
return nil, err
}
return []byte(fmt.Sprintf("Paper successfully bought")), nil
case "BuyRequest":
price, err := strconv.Atoi(args[5])
if err != nil {
return nil, fmt.Errorf("price should be an integer. Received: %s
Error: %v", args[5], err)
}
err = buyRequest(paper.TransactionContext{Transaction: tr}, BuyRequestArgs{args[1], args[2], args[3], args[4], price, args[6]})
if err != nil {
return nil, err
}
return []byte(fmt.Sprintf("Paper successfully requested")), nil
case "Transfer":
err := transfer(paper.TransactionContext{Transaction: tr}, TransferArgs{args[1], args[2], args[3]})
if err != nil {
return nil, err
}
return []byte(fmt.Sprintf("Paper successfully transfered")), nil
}
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