Wanchain aims to build a distributed “bank”.Just as traditional banks are the infrastructureof the current financial framework, Wanchainseeks to build a new, distributed infrastructureof digital assets to form an improved,modern framework - an ambitious goalindeed.
Wanchain connects and exchanges valuebetween different blockchain ledgers in adistributed manner. It uses the latest cryptographictheories to build a non-proprietary cross-chain protocol and a distributed ledgerthat records both cross-chain and intra-chaintransactions. Any blockchain network, whethera public, private or consortium chain, canintegrate with Wanchain to establish connectionsbetween different ledgers and performlow cost inter-ledger asset transfers. The Wanchainledger supports not only smartcontracts, but also token exchange privacyprotection.
With Wanchain, any institution or individualcan set up their own virtual teller window inthe “bank” and provide services such as loanorigination, asset exchanges, credit paymentsand transaction settlements based on digitalassets. Under the guarantee of “banks” basedon the blockchain infrastructure, more peoplecan participate in financial services based ondigital assets. To describe it more accurately,Wanchain is a distributed super-financialmarket based on blockchain.
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