Let’s explore the projects Wanchain is incubating! - Final segment.

in #wanchain7 years ago (edited)

wanchain blockhain interoperable chain dapps finance

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Introduction


A few days ago I wrote an article where I shared my thoughts about 2 projects that are currently members of the Wanchain’s incubator. This is a common strategy to encourage and provide mentorship to smaller projects with big potential, in this incubating process, the teams receive all types of valuable help from the people at Wanchain, and this dynamic is certainly positive because it can accelerate the creation of innovative ideas that can bring value to users and to the entire crypto industry.

Since there are 5 members in total, it was too much information for just one article, so I decided to split this into two articles. Today, we are going to learn about who are the 3 remaining members of the incubator and what are the ideas they are planning to develop.

Exploring the remaining members of the incubators


Freedium

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This project has the goal of creating a platform to facilitate the financing of the activities from commodity owners in emerging markets, very similar to how one of Bitcoin original goals was to bank the unbanked, Freemium is doing the same regarding access to financial resources to allow commodity owners to improve their operations and hopefully, expand their businesses, which would, in turn, help their local economies and facilitate the economic development of regions that are in need of it.

The fact that countries with underdeveloped economies have great potential is not a surprise for anyone, sometimes the problem might be political, but other times there might be underdeveloped industries that cannot reach their potential for a lack of access to financial resources, in those cases, Freedium is planning to step in and help fix this problem with their financial platform powered by their cryptocurrency, which is backed by commodities to help with its stability and with its intrinsic value.

wanchain blockhain interoperable chain dapps finance

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By implementing blockchain technology, Freedium will be capable to provide an open economic system where anyone can participate, and where transactions of value can be done in a very efficient way and with no complications, which is not always the case with the traditional financial industry. With Freedium’s financial platform, commodities owners from underdeveloped regions will now be able to easily trade with people from all over the world, and with the use of smart contracts, transactions could be even more secure and automated, which will result in a more dynamic economy where different businesses can prosper.

Besides, Freedium can also work as a stable cryptocurrency whose value is backed by real-world assets, and this might be useful for traders who are looking for stability in volatile times. For anyone who wishes to know more about Freedium, feel free to check its website here.

BlockMedx

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This project is quite an ambitious one for the pharmaceutical field, they are planning to provide a platform where all of the information regarding the distribution of certain medicines is handled with the security and transparency of blockchain technology.

With the BlockMedx platform everything is tracked, from the doctor’s prescription to the purchase of the medicine in the pharmacy, all of the information regarding the patient’s previous prescriptions, the pharmacy sales, the doctor’s patients, all of this information is stored and protected by blockchain inherent immutability.

Under this system, a doctor or pharmacy can check the previous prescriptions a patient has consumed, even if the prescriptions are from different doctors or hospitals. This is why the project is designed to work globally under any system and with the help of Wanchain, it will eventually be able to work with any blockchain.

wanchain blockhain interoperable chain dapps finance

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The ultimate goal is to improve how the medicines are distributed, stop abusers from acquiring medicines by making it impossible to fake prescriptions, and only allow the patients that are really in need of these medicines to buy them, and thanks to a tokenization mechanism, users can also be rewarded for sharing their medical data and for taking healthy decisions based on the data they share with the system, which in turn, also helps doctors in having more information about their patients.

The website doesn’t have much information, it only has a contact form, but for those interested in knowing more, there are a couple of informative videos in their youtube channel.

CryptoCurve

wanchain blockhain interoperable chain dapps finance

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This project describes itself as the “front-end” of Wanchain, they are probably the most experienced member of Wanchain’s incubator, and they even have their own accelerator program called “CurveLabs”, which works in cooperation with Wanlabs.

CryptoCurve is basically a platform compatible with multiple blockchains, they developed their own wallet which named as “Curve Wallet”, and it was designed to offer a simple interface for people to make cross-chain transactions without any complications, their plan is for the wallet to be available for both desktop and mobile users. This is extremely important because being compatible with multiple blockchains is as essential as being compatible with multiple operative systems.

wanchain blockhain interoperable chain dapps finance

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Although it is designed to do cross-chain transactions thanks to Wanchain, Curve Wallet will have its own token called “CURV”, that will bring certain benefits to the users like reduced trading fees and being part of decision-making procedures regarding the future of the project. This wallet can become the central tool for people to handle their crypto investments, and the compatibility with other blockchains will be conditioned by Wanchain’s developments, this means that any blockchain compatible with Wanchain will be compatible with the Curve Wallet as well.

CryptoCurve also has its own SDK where they provide their own tools to facilitate the creation of multi-chain developments, being “the first ICO to build on Wanchain” Source it is very likely they have gathered a lot of knowledge and expertise that can be helpful to other projects, and they are planning to share this valuable information through their own SDK, which will be released in the coming weeks.

More information about this project is available on its website.

Conclusion


After reviewing today's 3 Wanlabs members , and 2 members in the previous article, all of the projects being incubated by Wanchain have been explained. Regarding today’s projects, I think BlockMedx has a noble idea that can clearly improve the way medicines are distributed, however, I didn’t like the fact their website didn’t have enough information, and their whitepaper isn’t available online.

CryptoCurve was surely the project with the most experienced members, the fact they are planning to offer their own SDK to facilitate cross-chain developments, and the fact they have their own accelerator program, clearly shows they are very capable people with valuable skills.

These projects are the ones leading the creation of multi-chain dapps and platforms, so let's hope every single one of them can end up being succesful,

As always, I am interested in knowing what you guys think about these projects, so I am looking forward to reading your comments!

These are some informative links for anyone who wishes to learn more about this project:

wanchain blockhain interoperable chain dapps finance

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· Project Website: https://wanchain.org/

· Products & Services: https://wanchain.org/product

· Documents: http://www.wanchaindocs.org/en/latest/

· Facebook: https://www.facebook.com/wanchainfoundation/

· Medium: https://medium.com/wanchain-foundation

· Telegram: https://t.me/WanchainANN

“DISCLAIMER: The information contained within this post shall not be taken as financial advice. I am not a financial advisor and none of your investments should be carried out based on any information presented here. You can lose all of your money by investing. The following information is for educational and entertainment purposes only.”

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