Wan chain Vs Aion Vs ICON — Whitepaper comparison

Rajoy Jose
2 min readJan 8, 2018

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Wanchain

- Positioning as digital bank
- POS, Staking
- Cross block chain asset transfer (Tokens, coins, conformance to smart contracts)
- Privacy protection of transfers
- Native tokens and Smart contracts (programmable transfers)
- Can create new block chains based on Wan
- Etherium based VM, standards
Biz applications:
- Lending/Borrowing across chains using Wanchain smart contract (Depositor can set interest rate)
- Payment/Settlement — Pay/receive multi currency using Wan in your preferred crypto
- Exchange (how si this better than all others ?)
- Run Multi currency ICOs
- Make digitalised assets available for trading, creation of new products etc.
- Linking financial institutions ledgers to block chain ledgers for crypto assets

Aion

- Positioning as 3rd Gen Block chain (Bitcoin -> ETH -> Aion), very tech oriented
- Consensus using BFT (Proof of intelligence (?) Not finalized at the time of whitepaper writing)- staking
- Can build bridge between block chain, not sure how many bridges will Aion provide natively
- Multiple bridges across same chains possible
- Enable hopping multiple bridges
- Focus on ETH as the main chain to connect to
- Proprietary VM (AVM)
- Aion scripting language for logic insertion
Biz Applications:
- Focus on Enterprise customers
- Integration mechanism for Enterprises dealing with multiple block chains
- Scale ETH using Aion (similar to raidon)

ICON

- Positioning as connecting COMMUITIES (Govt dpts, banks, securities, insurances,universities, Bitcoin, ETH)
- Consensus by Loop Fault Tolerance, Staking (Freezign ICX) possible
- Transfer money, assets (securities, medical/academic records, insurance fees etc) across communities
- Connecting Korea!! (So not very global in outlook, risk of dependency on 1 country)
- Native token and block chain — LoopChainn
- Parent company -The Loop- already have existing chains :Korea Financial Investment Block chain Consortium, University Coin, Insurance +Hospital chain etc.
- Public Channel -Block chain for all
- Representation channel- channel for communities
Biz Applications:
- DEX
- Block chain ID for verified identification
- Payments to banks, insurances, universities etc
- Products based off transactions on ICON and AI
- New biz opportunities through connecting communities (Insurance with Hospitals for eg:)

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