{"id":26885,"date":"2018-01-25T18:19:47","date_gmt":"2018-01-26T02:19:47","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=26885"},"modified":"2020-04-09T18:43:27","modified_gmt":"2020-04-09T17:43:27","slug":"wanchain-rebuilding-finance-private-cross-chain-smart-contracts","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/wanchain-rebuilding-finance-private-cross-chain-smart-contracts\/","title":{"rendered":"How Wanchain is Rebuilding Finance with Private Cross-chain Smart Contracts"},"content":{"rendered":"

As more blockchains are created, the need for cross-chain smart contracts becomes significantly greater. One of the most talked-about initial coin offerings over the past few months has been Wanchain<\/a> \u2014 a platform whose goal is to build an interoperable distributed financial infrastructure.<\/p>\n

The\u00a0Wanchain<\/a>\u00a0initial coin offering began in October 2017 and hit its hard cap almost immediately. Their fundraising goal was $36 million USD and they sold a total of 107,100,000 tokens for $0.34\/token.<\/p>\n

Of the total tokens available, 51%, were made available with 42 million saved the development team and 39.9 million to the Wanchain Foundation.<\/p>\n

Wanchain Team<\/h2>\n
\"Jack
Jack Lu, founder and CEO of Wanchain pictured with Ethereum inventor, Vitalik Buterin.<\/figcaption><\/figure>\n

The Wanchain team in China is the group that is leading the project development. This is the same group of people is also responsible for the creation, development, and popularization of the Factom<\/a> project and its associated coin.<\/p>\n

The team is comprised of software engineers with ample experience in their respective fields, as well as blockchain expert advisors.<\/p>\n

One of the leaders is Jack Lu, who is the co-founder and CTO of Factom<\/a>. That Factom platform is valued over $400 million and its digital currency is one of the top 50 according to the CryptoSlate\u00a0crypto rankings<\/a>.<\/p>\n

Other Key Wanchain Team Members<\/h3>\n

Zane Liang:<\/strong> an applied mathematics expert with a Ph.D., he specialized in high-performance computing, cryptographic algorithms, and cryptographic security.<\/p>\n

Dustin Byington:<\/strong> a veteran blockchain entrepreneur, who has contributed his experience and knowledge in the Wanchain project. He founded the Bitcoin College in 2014.<\/p>\n

Welch Zhou:<\/strong> founder of the Hishare Exchange, he functions as the security Advisor of Hyperledger. He has over years of experience in government relationships, investment, and business management.<\/p>\n

Ying Zhang:<\/strong>\u00a0works in tech company Huawei as a senior engineer, and is also a senior Ethereum developer. He is an expert in Wanchain issues such as smart contracts,\u00a0blockchain architecture, and consensus algorithms.<\/p>\n

Lizzie Lu:<\/strong> A China Communication University graduate, she has accumulated years of the magazine, press, and television experience. She is a marketing expert and an organizer in the blockchain affiliations, community, and conferences.<\/p>\n

As we mentioned before, boasting a team of established industry veterans is one of the most important factors when judging a project and Wanchain seems to have figured that out. For a more detailed team intro, check out this official team introduction video by Wanchain:<\/p>\n