Wanchain goals to construct a distributed “bank”. Just as conventional banks are the infrastructure of the present monetary framework, Wanchain seeks to construct a brand new, distributed infrastructure of digital property to kind an improved, fashionable framework – an bold purpose certainly.
Wanchain connects and exchanges worth between completely different blockchain ledgers in a distributed method. It makes use of the most recent cryptographic theories to construct a non-proprietary cross-chain protocol and a distributed ledger that data each cross-chain and intra-chain transactions. Any blockchain community, whether or not a public, non-public or consortium chain, can combine with Wanchain to ascertain connections between completely different ledgers and carry out low value inter-ledger asset transfers. The Wanchain ledger helps not solely good contracts, but additionally token change privateness safety.
With Wanchain, any establishment or particular person can arrange their very own digital teller window within the “bank” and supply providers reminiscent of mortgage origination, asset exchanges, credit score funds and transaction settlements based mostly on digital property. Under the assure of “banks” based mostly on the blockchain infrastructure, extra folks can take part in monetary providers based mostly on digital property.