Parallel Markets

Parallel Markets is launching the first-ever regulatorily compliant KYC/AML solution for web: the Parallel Identity Token (PID). Maintaining the principles of decentralized anonymity, the PID token is a non-transferable identity token that lives completely on- chain. It does not store or display any Personal Identifying Information (PII), but does supply necessary details to reassure market participants that their counterparties are not subject to sanctions or pose a risk of fraud. This solution seeks to lead large scale crypto adoption by resolving two major barriers: . The lack of accountability and security in Web; . Preserving privacy while interacting across protocols under one personal identity. Tags: Infra On-Chain Compliance Solutions Founded: Location: United States