The legacy financial industry has an extremely tenuous relationship with digital currencies and blockchain technologies. Every company touts its proprietary 'blockchain initiative' or other centralized scheme intended to demonstrate that it is on the 'cutting edge' of technology. At the same time; however, these companies are either completely dismissive or openly hostile toward blockchain-related innovation.
A startup called
In its white paper, it notes that with its protocol, "any institution or individual can set up their own virtual teller window in the "bank" and provide services such as loan origination, asset exchanges, credit payments and transaction settlements based on digital assets." Its goal of creating a universal financial services platform accessible to anyone is probably terrifying for 'big banking' and the hierarchical power structures that enable them.
Wanchain is a hard fork of Ethereum that claims to offer 'full decentralization" with a significantly higher degree of privacy and anonymity than its rivals. It can be used to facilitate private transactions between individual digital asset holders and allows the generation of 'one time' addresses to further enhance anonymity. This isn't done at the expense of interoperability--in late 2017, Wanchain entered the Blockchain Interoperability Alliance (IOA) with ICON and