In a press release, Waves Platform announced they will be launching the Waves Enterprise, an exclusive platform for enterprise based customers. The platform will use the Vostok (VST) tokens to complete transactions for the new corporate clients. The CEO of Waves, Alexander Ivanov had earlier announced that the company was looking at the possibility of introducing the new product and he believes the new platform is set to revolutionize the Web3 industry.
The CEO earlier sold off his stake at the Vostok blockchain firm to GHP Group, who will now own the full rights to the project. The CEO is optimistic on the future of Vostok and Waves Enterprise is set to introduce a new dimension to the Web3 industry enabling control of, and payment for, app development. He further remarked,
“VST is the network's internal currency, needed for connecting your node to the network, paying operational (mining) fees, and anchoring the corporate sub-chains to the main chain.”
WAVES Founder, Alexander Ivanov: “VST will lay the foundation of the Web3.0 economy” Image: WAVES
The development team is utilizing Docker, an automatic system of app installation, to provide users with a blockchain solution for corporations and enterprises. The platform will provide a secure, efficient and trustless systems to these corporations. The press release further points out that the platform will allow development using any algorithm, not limiting users to its specific algorithm. Users can execute smart contracts, run neural networks on the platform using any coding language.
The Vostok project was launched last year after raising $120 million USD in capital and has since been in development. Waves Platform offers its users with a fast and efficient blockchain system to develop decentralized applications (dApps).
Waves (WAVES) is currently trading at $1.47 USD, representing a 3% increase in the past 24 hours after the market revamped following a 72 hour capitulation. The token is ranked 46th on the Coinmarketcap rankings with a total of $147,120,603 USD in market capitalization.
Not doing so well!: Year to date chart of the WAVES/USD pair (Image: Coinmarketcap)