#WhenWan?

I’ll admit it, I’m a bit of a WANchain fanboy.

I love their team. Jack Lu founder of Factom and Dustin Byington founder of Tendermint have both been around the BLOCK-chain before (dad joke, sorry). They’re in the business of ‘Rebuilding Finance’ with the goal of building an interoperable distributed financial infrastructure. Those aren’t small stakes.

Recently Dustin presented a talk in Denver he entitled Red Ocean vs. Blue Ocean.

This is what I learned:

1. Blockchains currently do not speak to each other- they only understand their native languages. Bridges are needed and that’s what Wanchain is building.
2. One of WAN’s early target customers are the 200+ crypto hedge funds who face unique logistical hurdles to set up and run their funds. Pain points include custodial issues, trading risks and feature poor DEXs. Once a suite of tools have been produced, they’ll then start to down-market the tools to smaller funds and high (crypto) net individuals who have the same needs.
3. Wan has teamed up with Kyber Network ‘to collaborate in three major areas: advising, exchange creation and liquidity provision, and the PeaceRelay Project’.
4. The Wanchain/Kyber Decentralized Exchange will feature: Kyber’s liquidity, low fees, instantaneous transactions and Wanchain’s privacy. Wanchain sees decentralized exchanges as the #1 painpoint in the crypto market right now.
5. They have 40 engineers (many PHDs from Peking University- Harvard of the East) on the payroll in their Bejing office working on their code.
6. Wanchain will be the first platform using Secure Multiparty Compute (SMC) for private key management. SMC will allow them to build the bridges between other blockchains in a permisionless manner. This will allow for rapid scaling once they get rolling.
7. The ICO raised 120,000 ETH and 6 months later, they still are holding their ETH. They haven’t diversified into any other cryptocurrencies so their $USD equivalent has tripled since ICO.
8. WHENCHAIN? in the next 2 weeks. Finally!
9. Wanchain will start launching ICO’s on the Wanchain network. Plans are to announce the first one at the World Blockchain Forum in Dubai in April.
10. Red Ocean= Bad
    Blue Ocean= Good
    watch the video to learn why

If you received one good nugget from these notes, I’d appreciate some applause.

And if you’d like to hear more, please follow me on Twitter @dwaltchack

XXX This isn’t investment advice- My own thoughts. XXX