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Waves founder launches Waves Enterprise to develop corporate blockchain solutions

Blockchain.ColdFusion/YouTube

Fri, 19 Jul 2019, 06:36 am UTC

Following the recent sale of the Vostok project, Waves founder Alexander Ivanov announced that he will be launching a new company department called Waves Enterprise.

In a press release, Ivanov explained what this new venture is all about. Waves Enterprise will focus on developing universal blockchain solutions within the Web3 paradigm. Particularly targeted at corporates, it will offer solutions for business process management, with limited access to confidential information.

Importantly, VST tokens will become the "system tokens" for Waves Enterprise, the release said.

"VST will lay the foundation of the Web3.0 economy, enabling control of (and payment for) app development, as well as other ecosystem solutions. 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," Ivanov explained.

"Private and public blockchain solutions will merge into one global and universal technology in the future, and this will give us synergetic effect in our plans for Waves' intervention on the global market."

As reported by Forklog, Ivanov believes that Waves Enterprise will become a "universal solution" and allow users to run any algorithm – from smart contracts to neural networks – written in any popular programming language using Docker, an automatic system of app installation and management.

“The synergy between open and closed blockchain solutions promoted by Waves should lead to the emergence of a universal technological solution for both closed and open networks," he said (via online translation).

For now, Waves Enterprise will not be accepting investments. Ivanov notes that he first wants to launch the project successfully before even considering such things.

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