# Why do we need a Parallel Entity? > ### The **way organizations are structured hasn’t fundamentally changed for decades—but the world has.** A 300-Year-Old Invention: The Corporation The modern corporation's fundamental structure was invented 300 years ago, during the era of the Dutch East India Company. The "shareholder-owned, manager-operated" model was established at that time—and it’s still being used today. Surprisingly, this structure was created long before the invention of the steam engine, in an age when horse-drawn carriages were the primary mode of transportation. But what about today’s technology? We live in an era of globalization, digital transformation, AI, and blockchain. Why is it that only organizational structures remain stuck in the past? Parallel Entity is the answer to this outdated structure, designed to evolve organizations into a system that matches the technology of our time. This dual-layered structure empowers organizations to: 1. Ensure Transparent Ownership: Immutable tracking of equity or membership rights. 2. Streamline Governance: Automate voting, decision-making, and compliance processes. 3. Enhance Global Accessibility: Enable decentralized, borderless governance. 4. Reduce Costs: Minimize reliance on intermediaries like registries or auditors. A Parallel Entity represents the next evolution in organizational design, blending the strengths of traditional legal entities with the transformative power of onchain technology. It’s a model built for the challenges and opportunities of a decentralized, interconnected future. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.borderless.company/english/borderless/learn-about-parallel-entity/why-do-we-need-a-parallel-entity.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.