WAN Project Breakdown
Overhauling the traditional financial and cryptocurrency markets as we know it, Wanchain is a distributed financial infrastructure implementing cross-blockchain and intra-blockchain transfers – all without the need of a trusted intermediary.
Wanchain’s privacy protective blockchain protocol and distributed ledger allows any institution or individual to set up their own virtual teller window in the “bank” to provide services such as:
Loan origination
Asset exchanges
Credit payments
Transaction settlements
Under guarantee of the “banks” based on the distributed blockchain infrastructure, Wanchain allows a larger scale of persons to participate in financial services based on digital assets.
Simply put, like the Lucy skeleton, Wanchain is the missing link between independent financial institutions and is venturing to build a distributed super-financial market based on the blockchain.
Why We Like Wanchain
As one of the most anticipated ICOs of 2017, there was little doubt as to why – Wanchain’s CEO, Jack Lu, is also co-founder of Factom, an immutable record-keeping and data storage protocol based on the blockchain with a working product as well as notable relationships and partnerships (including with the US Homeland Security and Gates Foundation).
Besides launching their mainnet in January, Wanchain has since:
Partnered with Kyber Network to further the implementation of blockchain interoperability
Rolled out an ICO incubator – WanLab – and announced its first 6 ICO projects
Launched their Wan Wallet
Attended and presented at an array of conferences around the world
Q2, specifically summer of 2018, is when Wanchain is set to roll out their “Wanchain 2.0,” which is set to demonstrate the cross-chain capabilities of Wanchain with the Ethereum blockchain. The launch of Wanchain 2.0 is ultimately the beginning of dapp creation and deployment on the Wanchain blockchain.
To read up on Wanchain, check out their website, white paper, Medium, Reddit, and Telegram.
Additionally, click here to learn more about the first class of ICOs admitted to Wanchain’s blockchain incubator and accelerator.code