About

Wanchain is a blockchain technology company that develops decentralized bridges for cross-chain interoperability. Its primary service is enabling decentralized asset transfers across different blockchain networks, supporting the growth of decentralized finance applications.

History

Currently being developed by the Wanchain Foundation, a non-profit organization registered in Singapore, Wanchain is an open source project that aiming to create a distributed financial market based on blockchain technology. The team intends to achieve this goal by focusing on three pillars: cross-chain interoperability, privacy, and smart contracts, which allow anybody to design and use a suite of applications. Wanchain envisions the facilitation of a variety of financial services network s well as a variety of use cases (decentralized exchanges, lending, stablecoins, multi-currency payment and settlement, crowdsourcing etc.)  Jack Lu, former co-founder and CTO at Factom, founded the initiative in 2016.

The project focuses on the growth of digital assets, including tokenization of traditional assets like stocks and bonds, and how they will interact with existing blockchains like Bitcoin and Ethereum. Wanchain built out a T-Bridge (Trust-Bridge) Framework, a standardized, universal framework which allows for the exchange of assets and data between blockchains.

Users can choose private transactions by using one-time addresses, and future releases will provide ring-signatures similar to those found in Monero. This is intended to give users the option to interact discreetly and promote asset fungibility.

Wanchain has also developed a variety of dApps through Wanlabs and Wanchain core community members. There are currently eight dApps on Wanchain (Instant Cross, WanSwap, WanLend, ZooKeeper, Jack's Pot, WanFarm, WanDex and Dark Forest).