ParallelChain is a dual-blockchain ecosystem powered by two first-tier distributed ledgers: ParallelChain Mainnet and ParallelChain Enterprise are developed by ParallelChain Lab, a technology company focused on distributed systems and machine learning. ParallelChain Mainnet is a proof of equity open source blockchain for building Web2-compatible decentralized applications; ParallelChain Enterprise is a business native licensed blockchain for use cases requiring higher privacy, scalability, and compliance, with capabilities built from 6 U.S. patented technologies. Additionally, Inter-ParallelChain Protocol (IPP) enables local interoperability between two networks, allowing Web2 and Web3 to interact easily and securely in the same ecosystem.