Paralism Blog

In an article titled as “Chinese Enterprise Launches Leading Blockchain Mainnet ” released by ChinaNews lately, Paralism was reported as the first blockchain platform powered by parallel blockchain technology and was introduced about its breakthroughs of “dynamic sharding ” “parallel consistency” and “cross-chain interconnectivity”. The article says, parallel blockchain solves three most fatal flaws in Blockchain: block-generation efficiency, sacalability and cross-chain interconnectivity. And it has become the embryo of the Internet of Value.

Before that, Paralism made its debut at “ChainPlus 2019” Summit held in Soul and received coverage by MTN,NewsBTC,etc., the prominent Korean media and international Blockchain media. In the summit, some decentralized applications built on Ethereum or EOS(Enterprise Operation System) showed great interests in optimizing the performance and user experience of DApp by using the parallel system of Paralism. Some well-known think tanks are discussing the possibility of building Smart City using Paralism. Due to its features such as limitless scalability, performance at backbone-level network and cross-chain interconnectivity, Paralism has earned high recognition from different parties.

 The article by ChinaNews represents the ongoing attention from Chinese mainstream media for Blockchain technology. “The 13th Five-Year Plan for National Informatization” has enlisted blockchain, quantum communication, AI, big data and other technologies as the “major task and significant project” of “The 13th Five-Year Plan” and encourages innovations in blockchain R&D. Paralism has been granted patent by National Intellectual Property Administration of PRC on its invention of Buddy Consensus and Hyper Block Protocol, which is suitable for parallel blockchain and become the forerunner of parallel blockchain. With parallel blockchain technology, Paralism will push forward the perfection of underlying infrastructure and explore effective landing and innovative application for blockchain.

 Click the link for more information:

http://www.chinanews.com/business/2019/02-03/8747062.shtml

 

On Jan, 28^th, held by Gangwon-do government, 2019 Blockchain Pyeongchang Forum kicked off in the venue of Winter Olympic Games Pyeongchang in Korea. Under the theme of “Intellectualize Real Economy, Encounter the Future of Blockchain”, governmental officials, Blockchain experts and relevant counterparts from China, Russia, Korea, England, Australia and other countries participated in this forum. As one of few Blockchain forums taking city as starting point, the application of Blockchian is an eye-catching topic. Founder of Paralism, Shi Xingguo was invited to this forum and participated in the round talk of “ Building Smart City”.

Mr. Shi stated that as the potential underlying infrastructure for the next generation of the Internet, Blockchain will efficiently match the demand and the supply between different people, mobilize and reallocate resources, maximize the value of every individual and optimize our city lives. In addition, Blockchain becomes a connection maker between people and machine and build a underlying infrastructure for Smart City.

He also pointed that the infrastructure of current Blockchain is not strong enough to support the vision of Smart City, no matter Ethereum or EOS. At present, most application scenarios concentrates on game and gambling. Its performance is far from centralized applications and there is no value interconnectivity between people and machine. On this basis, Mr. Shi proposed a technical solution which uses parallel blockchain technology to solve the problems including scalability, decentralization, cross-chain interconnection etc. He also elaborated that how to achieve the coexistence of unlimited subchains, dynamic sharding of individual subchain and the interconnection between different chains. With the support of parallel blockchain technology, there will be possibilities for us to further discuss the emergence of digital economy and Smart City.

Paralism官方网址请访问：http://www.paralism.com/

Two meets between EOS engineer expert and Paralism team, what did they talk about ? Technical Leader John Milburn and founder of Paralism had a discussion on Blockchain sacalable issues and reached high consensus on parallel structure and Hyper Block Protocol. John Milburn stated that in Blockchain market, such underlying infrastructure is urgently needed. John Milburn is the senior expert in Blockchain field. He was highly respected by Blockchain community members, everyone respectfully calls him Jem.

Paralism官方网址请访问：http://www.paralism.com/

With constant invitation, Paralism is racing at light speed. On the second day of the summit, founder of Paralism, Mr. Shi Xingguo accepted an exclusive interview by the Korean third largest financial media Money Today. Money Today enjoys high reputation in Blockchain industry, it attaches great importance to the comprehensive strength of interviewee. This interview shows  the great recognition won by Paralism from Korean media. During the one-hour interview, what idea will Mr. Shi deliver to the industry ? What opportunities will parallel blockchain bring to us ? What value will Paralism bring to other industries ? First, let’s see some live photos.

Paralism官方网址请访问：http://www.paralism.com/

When will blockchain take off ? As the explorer and pioneer in parallel blockchain technology, Paralism officially gave an answer on its way to the international stage in Korea: the serial structure of current blockchain can hardly have any breakthroughs on scalability and cross-chain interconnectivity. When Blockchian enters into a parallel era, all these can be settled and we can embrace the development period. Meanwhile, parallel blockchain will ultimately be the underlying technology of the interconnection of value. As the most active DApp market, Paralism will have close cooperation with the projects and enterprises in Korea.

Paralism官方网址请访问：http://www.paralism.com/

 

On November 22nd, Block Data and Sai Di Blockchain Institution of SMIIT published the list of 2018 China Blockchain Excellent Enterprises. Hyperchain was enlisted to the Top 10 Best Team. Hyperchain team started the R&D of parallel blockchain three years ago and proposed groundbreaking solutions on the aspect of dynamic sharding, unlimited extensibility, cross-chain communication etc. Now Hyperchain has obtained the first group of supporting technological invention patent of parallel blockchain. The founder of Hyperchain is Xingguo Shi, a well-known IT expert of China, he has been devoted to network technology and OS research for decades. He has a number of invention patents and published several related works. Also he has won the National Science and Technology Progress Award. He was former chief engineer of the Internet Laboratory of the Institute of Software of Chinese Academy of Sciences and vice president of Red Banner Linux.

On October 23^rd, 2018, Hyperchain received the patent authorization letter from the National Intellectual Property Administration of PRC, stating that the application for the first batch of fundamental technology invention patents submitted by the company in 2016 has been approved.

Similar to how modern communication evolved from the time of Walkie Talkie when conversation had to be sent sentence by sentence to the time of Code Division Multiple Access – CDMA , the development of blockchain is set to enter a parallel era. The grant of this batch of patents lays solid technical foundation and guarantees the role of forerunner for Hyperchain in the future development of blockchain technology.

July 6th, Mr Chen Guangyu, the CTO of Hyperchain are invited to hold a Blockchain lecture to Tianjin University of Technology. The lecture topic set to Opportunity in Noise and Excitement – The Blockchain Essence and The Future. During the lecture, Mr Chen Guangyu starts from the history of Blockchain, then elaborates the topics of Industrial situation of the Technology, the Technical Crisis and the possible directions of technical breakthroughs one by one. The session have taken nearly four hours but both questions and answers are actively and joyfully till the end. Ms Ma Xiurong, Dean of the School of Electrical and Electronic Engineering of Tianjin University of Technology, believed that this lecture have elaborated the Essence of Blockchain very clearly, have greatly broaden the view of audiences to Blockchain , and have brought a very good help to the University research work.

Continue reading Paralism Commercial White Paper