I&T Solution

Solution Description

ParallelChain™ is ParallelChain Lab's core high-performance blockchain technology, which underpins 3 layer-1 platforms: Permissioned, Permissionless, and Personal., with real-time updates and a speed of up to 120,000 Transactions Per Second (TPS). A high-performance blockchain matters as it can emulate other blockchain platforms while offering faster speed and lower latency for migrated applications, reducing transaction fees for the users. Its speed provides the scalability required for real-time applications, such as payment processing, fraud detection, IoT apps, and e-commerce systems, unleashing income potentials that have been limited by the volume of activities., opening up opportunities that we cannot visualize before. Businesses can utilize our existing turnkey white label blockchain solutions including eKYC-Chain, PreventiveChain, ApprovalChain, ChattelChain, and ParallelWallet., or build custom apps on ParallelChain's™ distributed ledger technology to create "trustless trust" between two or more businesses around the world, enabling all types of transactions to take place without needing trust.