Limits
What ParCor does not do, and what it cannot do yet.
A demonstration today
parcor.io runs as a demonstration environment. Its records are samples and carry no weight in real trade.
First credentials under way
ParCor is onboarding its first founding members now. Each credential issues once its verification is complete, and the directory then lists it with its verification date.
Not a payment service
Payment runs directly between buyer and supplier; ParCor never holds, moves, or receives it.
Not a marketplace, and no scores
ParCor sells no goods, takes no commission on trade, and scores no company. A credential is not a statement of quality or creditworthiness.
What a check reports
The verifier reports whether a bundle satisfies the twelve checks of ParCor's specification at the recorded version; it reports nothing about the law.
Keys and time stamps
ParCor signs every record with its own keys and fixes its time in its own record log. In this demonstration the keys are held in software. For live trade they move into a hardware key vault that only ParCor can use, and the log's state is published at regular intervals where anyone can check it, so that no record can be backdated by anyone, ParCor included.
Where it runs
The site and its records are hosted in Switzerland.