Formosa Financial Biweekly Vol.7
№00007, 20th, Nov. 2018
CEO’s trip to Oxford
“Last week I had the opportunity to return to my alma mater to attend a workshop on blockchain and crypto asset regulation at the University of Oxford’s Centre for Technology and Global Affairs. The event brought together leading players from academia, industry, and regulatory bodies in a convening forum designed to facilitate open discussion on some of the most pressing emerging matters surrounding security, policy, international collaboration, and the potential geopolitical consequences of blockchain adoption by citizens and nation-states alike.
“I was lucky enough to host representatives from Taiwan and the Philippines — amazingly, none of the members of the delegation had ever been to Oxford, so I made it a priority to carve some time outside of the event to introduce some of the famous landmarks of the city!
“A continually recurring theme in the regulatory space is around the question of harmonization. Are we moving towards deeper fragmentation and a regulatory ‘race to the bottom’ where smaller jurisdictions loosen requirements to attract new capital and businesses in hopes of competing with the traditional financial epicenters? Or will there be truly global standards applied by regulators alongside international synchronization akin to AML/KYC guidelines promoted by the Financial Action Task Force? Stay tuned to this space, it is shaping up to be a very interesting 2019 and beyond” -shared by Ryan Terribilini, co-founder and CEO of Formosa Financial.
Platform Progress Updates from Tech Team
“A big part of what we’ve done recently has been testing the core features of the platform in the staging environment while integrating with the Kovan testnet and the Bitcoin testnet. Through this process, we’ve cleaned up bugs while ensuring the platform will be reliable and convenient to use in future use”- Lorne Lantz, CTO of Formosa Financial.
Some features and changes the team has been working on:
- Creating framework and functionality to support to tokens that BitGo does not presently support
- Integrating more detailed server and web app analytics to provide greater visibility into the health of all different components of the platform and to aid us in maintaining a high level of reliability.
- Based on consultation from AWS, we are moving from AWS Elastic Beanstalk to AWS Fargate servers.
- Iterating on trading tech to improve speed and reliability with communication to exchanges.
- Building out notification system that broadcasts events to the user that occur on the platform, e.g. deposits/withdrawals
Interested in how our platform integrates with AWS and BitGO? Check out this blog post by CTO Lorne Lantz: Formosa Financial x BitGoJS Express — How to deploy on AWS EC2
Formosa Financial x Wanchain Partnership Announcement
Formosa Financial, the one stop treasury management platform for crypto-assets, is proud to announce a new partnership with Wanchain: “The world’s first and only interoperable blockchain with secure multi-party computing.”
We’re excited about this new alliance with Wanchain, which will enable Formosa Financial to connect communities and digital-assets across the industry through cross-chain transactions and allow it to serve additional clients whilst offering dApps (decentralized applications) alongside off-chain services.
Integrating Wancoin into our technical platform will allow Wanchain-based projects to easily access FF’s customizable suite of financial services for crypto-assets and as CEO Ryan Terribilini affirms:
“Wanchain’s vision of bringing interoperability to blockchain networks is a great asset to the Formosa Financial ecosystem. We are excited to work with Jack Lu and the Wanchain team to provide yet another entry point to develop new opportunities in blockchain-based financial systems.”
For more details please check out the full article here.
In the press
English:
Formosa Financial x Wanchain Partnership
Formosa Financial crypto-asset service provider and Wanchain partner
Formosa Financial partners with Wanchain
Chinese:
Formosa Financial x Wanchain 宣佈合作
Formosa Financial将为Wanchain提供数字资产金融服务
You might also be interested in:
Formosa Financial client #2 on-boarding announcement coming soon
Dedicated to building our platform of treasury management services to serve a variety of clients and use cases, Formosa Financial is proud to continue working towards our roadmap goals and continue to announce our first wave of committed clients this Q4 2018.
After announcing Mithril as our first client, can you guess which project will be the second to come on-board? We’ll give you a clue: They’re an exciting new project focused on creating a “global real estate marketplace powered by smart contracts and blockchain technology.” If you haven’t figured it out yet, stay tuned for the official announcement sometime this week!
Formosa Financial In the Press
After a great mention in Forbes last month, the company is still getting featured in the press as we continue to build on our platform and partnership base.
The main story these last two weeks was our big partnership with Wanchain, finding great press coverage in both Chinese and English markets (links above), but we also continue to make headlines in the Asia cryptocurrency scene as well.
Two pieces that came out last week:
1. Interview with CTO Lorne Lantz on his background and history in blockchain:
https://www.asiacryptotoday.com/formosa-financial-lorne-lantz/
2. Taiwan’s rising position in the blockchain and cryptocurrency scene via discussion with friend of Formosa Financial and “Crypto-Congressman” Jason Hsu:
https://www.asiacryptotoday.com/crypto-taiwan-cryprocurrency-hub/
Also a big shout out to Chico Crypto who did a clear and concise review of our project last week on his Youtube channel, check it out here.
