WaykiChain China Blockchain Project Intends To “Vanish”

The leading blockchain startup in China, WaykiChain, just held their press conference in Shenzhen, Guangdong. In the meeting, it was stated that the company aims to ‘disappear’ from the blockchain industry. This is according to ex-leading Wall Street data scientist, ex-senior data analyst, a graduate from Columbia University and Alibaba CEO Gordon Gao.

Besides, he reiterated that the day WaykiChain Co. ‘disappears,’ this will be the beginning of a tremendous journey into the future. The objective of this move is to decentralize the community-driven autonomous blockchain Ecosystem. Dubbed the Blockchain 3.0 era, this is the future where blockchain anticipates solving social issues that can be widely adopted according to Gordon Gao.

During his speech, Gao advocated the crypto circle be embraced away from its limitations. For success to be realized, he says, the best way out is to go beyond the crypto circle for widespread implementation.

To make WaykiChain Co. ‘disappear’ is not about making the company unsuccessful, but minimize the role it plays in the whole ecosystem while transforming it into a contributor. Into the future, it aims to build a decentralized community self-governance platform and ecosystem big enough to help steer its goal forward.

Some of the hurdles WaykiChain is facing include market entry barriers and high education costs of blockchain characteristics. Also, the development of blockchain isn’t sufficient enough for the large-scale operation.

Hence, the company is developing a hybrid structure able to maintain and sustain a decentralized irreversible characteristic of the technology. Ultimately, the objective is to improve the processing and efficiency of the application for seamless functionality.

Outpacing Peers Through Perpetual Innovations

As a promising technology, blockchain requires the essential rules, laws, and regulations necessary to emerge in the industry. This is to help create lasting solutions coherent with social values, and China is playing such a role in a significant way.

Such progress is evident in the statistics released by the South China Morning post, dated July 17, 2018. As of today, China has under wraps over 4,000 blockchain-connected firms and still, WaykiChain continues to expand to foreign markets.

During an event held by WaykiChain in South Korea on May 31, 2018, the company indicated its intention to penetrate the world market, through an initiative dubbed “global or die”.

Gao believes globalization involves the advancing trend for blockchain technology implying that if a company is limited to one country or region, its take-off might equally take longer. However, WakiChain is to continue contributing to the progress of the blockchain into the future, at all times.

Today, WaykiChain has amassed a considerable number of users with more than 520,000 followers on Weibo, 113,000 registered on the official website and 313,000 on telegram. It also has about 19,000 followers overseas on social platforms. Besides, it has been listed on 100 plus exchanges. The company aims to accumulate extra assets in transactions and foreign exchange platforms to help develop a complete ecosystem.

The Making Of Blockchain Prediction Big

WaykiChain intends to continue with its research and development in its various operations and be the leading public chain in the industry offering commercial applications for all to access.

In future, this is possible through efficient consensus mechanisms, high-performance transactions, and improved blockchain-powered management capabilities. You can access additional information on the company Official Website.