There are many blockchain accelerators in the market, but Wanchain has decided to unveil WANLab to provide mentorship, resources, and support companies building their projects in the Wanchain Ecosystem.
The information has been unveiled on April the 16th at the World Blockchain Forum in Dubai. Three of the projects will be focusing on rebuilding the financial services industry. Abacus will be providing automated financial services, Freedium will be working on a stable coin for financial inclusion, and CryptoCurve in a browser for the blockchain.
Other three projects, are established companies with millions of users. Moreover, these enterprises recognize the power that blockchain has to transform their businesses and industries.
They will be leveraging new financial tools created by Wanchain and with “INDUSTRYChain” technology. The main intention is to rebuild travel (UTour), gaming (GameBank), and media (AllSpark).
Wanchain President Dustin Byington said:
“By supporting and mentoring the startups behind vetted blockchain applications, Wanchain is seeding quality products into the burgeoning blockchain ecosystem. As the race to build the world’s blockchain infrastructure heats up, Wanchain is committed to building a global community of innovators dedicated to rebuilding finance and beyond.”
The Key benefits of WANLab for blockchain startup include Hands-on advisory to the business needs (strategy, legal and tokenomics), Marketing and PR support, and increased exposure and partnership opportunities.
“It’s not enough to build a platform and hope others will build on top of it,” commented Byington. “The future of finance is at stake, and we don’t have time to wait for adoption and risk low-quality applications in our ecosystem. Wanchain has one of the most experienced teams in blockchain, and we are proud to support the best start-ups to navigate uncharted waters, and thrive.”
Wanchain is trying to rebuild the financial services industry with private cross-blockchain smart contracts. The company has been founded in China and it is headquartered in Austin, Texas.