Traditional public blockchain systems typically had very limited transaction throughput because of the bottleneck of the consensus protocol itself. With recent advances in consensus technology, the performance limit has been greatly lifted, typically to thousands of transactions per second. With this, transaction execution has become a new performance bottleneck. Exploiting parallelism in transaction execution is a clear and direct way to address this and to further increase transaction throughput. Although some recent literature introduced concurrency control mechanisms to execute smart contract transactions in parallel, the reported speedup that they can achieve is far from ideal. The main reason is that the proposed parallel execution mechanisms cannot effectively deal with the conflicts inherent in many blockchain applications.