Health Tokens Launched On Wanchain

Wanchain

With the introduction of the first Security Token Offering (STO) platform on Wanchain, Wanchain is extremely pleased to announce a collaboration with French Securities and Software as a Service (SaaS) firm, Talium. Before plunging into the platform’s release and the technicalities behind it, let’s talk a bit about Talium, the leading platform partner.

Which, and who is behind Talium?

An Oracle Innovation Partner of the Year, Talium was co-founded by MIT alumnus François de Chezelles (CEO) in 2012 and Julien Brodier (CTO), an applied cryptography specialist. It initially provided multinational corporations in France with traditional software and systems engineering services, including, but not limited to, CMA CGM, Airbus, Atos, and Amadeus. Based on state-of-the-art technology, it has developed experience in applying blockchain along with 15 + projects since 2015 and in-depth know-how in sensitive computing.

Talium was one of the very first to build and have a live blockchain collaboration project to implement a complete decentralized blockchain production-grade network (with Hyperledger Fabric), even before any Blockchain as a Service Offer (BaaS) even existed. For French startup Sunchain, this initiative implemented IoT-based P2P solar energy exchange. Another interesting project was for the French company BCdiploma. Talium merged cryptography with a blockchain-agnostic architecture to store credentials directly on blockchains while upholding the right to be forgotten through GDPR.

Through integrating blockchain with sophisticated data protection and sensitive computing techniques, Talium eventually developed specialized skills to bring added value. One such idea ended up as a Use Case for IBM. The use-case was for using Fortanix’s revolutionary runtime memory encryption technology in close collaboration with IBM’s US Cloud Security R&D team. This technology makes use of Intel’s enclave technology embedded in most Intel processors, including Intel Security Guard Extensions (SGX), easier. Therefore, Talium could build a robust, fast, and scalable SaaS platform while maintaining strict sensitive data security at all times, including private encryption keys. This experiment, conducted for French P2P energy marketplace provider Irene Power, used the Stellar network to allow near-instant micropayments while in an “untrusted” cloud environment, crypto wallets.

Control of Digital Securities ‘Talium Funds’

Talium introduced the development of a Digital Equity Management Framework called Talium Assets in 2018 after developing, incorporating, and circulating multiple utility tokens. Talium Assets provides investment intermediaries with a tool for building personalized marketplaces to sell financial instruments and issuers with compliant fundraising (STO) platform or digitizing their corporate governance.

Moving ahead, apart from the STO network (which we’re going to go over in a bit), Wanchain has put more resources through his set of “Lanchains” private blockchains. A hybrid system is needed to address the trilemma of blockchain scalability dubbed Vitalik Buterin. The trilemma of scalability (decentralization, security, and scalability) represents the trade-offs or “cost of opportunity” that projects face when making structural changes to their blockchains. You can’t have a strictly decentralized, fully distributed, and completely secure blockchain network. You have to combine elements from the centralized system with elements from the decentralized world, the new digital economy.

  • Decentralized: No single center of authority (not the same as the main governing body).
  • Scalable: Blockchains that can support a massive expansion of the network over time.
  • Secure: Blockchains are meant to be immune to technical infrastructure and counter vulnerabilities and other unforeseen events.

Bridging blockchain gap

You may ask why the STO announcement is linked to this. Okay, because knowing why and how we are merging two different realms (traditional financial world with this modern platform, 3.0) is important. In the conventional business world, decision-makers face increasing pressure from shareholders to invest more in technology as technology is growing exponentially thanks (or no thanks) to what we understand as Moore’s Law. While intelligent co-founder Gordon Moore did not come up with the word “Moore’s Law,” it has become a golden rule within our society over time. Moore has just made a statement based on his observations over the years with the intel chips’ manufacture. Moore’s law applies to the “number of transistors on a microchip doubling every two years, even as device costs are halving.”

Timing is crucial, and we have established protection tokens as an essential component of the rising modern digital economy. From the outset, we want to be part of this new revolution and in all capacities. With the growing demands on technology and the competition, we have got from partners in Canada and parts of Europe, this platform providing security token is the only first chapter of the STO book. We have to keep up with emerging technologies outside the blockchain industry and within the room and lead the way in open interoperability of finance. That also includes interoperability between the legacy frameworks and blockchain.

Platform: components Wanchain and components Off-Chain

Talium has built a blockchain.-agnostic & modular Security Token release solution that incorporates all the resources necessary for a compliant and comprehensive security token problem, including:

  • Tokens the Dashboard “pad” and “designer.”
  • The issuing of the security tokens will occur on the public blockchain via Wanchain. We’re looking into the WRC1400 norm though not yet established. Thanks go to Polymath for developing the Ethereum “ERC1400” standard).
  • KYT — (Know Your Transaction) “KYT is detecting highly dangerous transactions and their underlying suspicious activity to prevent money laundering, bribery or corruption.” More granular and accurate than regular annual KYC / AML checks.
  • Integration of crypto and fiat payments, either directly or through PSPs.
  • Investor documents with digital signatures fully verifiable.
  • A dynamic engine of compliance rules.

Hold on, not easy! Can you first explain what protection tokens are?

Securities are described in conventional finance as “ownership in a publicly held company” or “ownership expressed as an option.” And what are the security tokens? A security token is the same as the previous example, except the ownership details of this investment asset was kept on a different blockchain. Therefore Security Token Offerings are somewhat different from Initial Coin Deals. ICOs generated utility tokens, which have a clear function and necessity while using resources and decentralized apps on a particular blockchain.

As in the case of “WAN” or “Wancoin,” transactions, delegation on stake proof network, the establishment of smart contracts, distribution of new tokens, and reward mechanisms for cross-chain transactions and storeman node is needed. This is structurally and fundamentally different from a security token, an investment product governed in particular regions by security laws and has a dividend structure tied to it. We will use the example below, created by Cointelegraph, to help explain how STOs vary from IPOs.

How is an STO different from an IpO? - wanchain tokens

Now that you have a clearer idea of what STOs consists of, we’re going to share some information about the launching platform on Wanchain (which will launch on testnet at first with a mainnet launch soon after).

Creation of a STO

Definig tokens - wanchain
Summary of test-STO.

The essence of that is what we used to call “bridging the past with blockchain”. With Talium’s state-of-the-art security and compliance platform, we can issue the security tokens on Wanchain in their WRC14000 standard (or other security token standard, depending on the issuing partner) while keeping all the investor documentation and details secure and protected in an off-chain database.

Concrete details about the first STO launches are expected by the end of the year, emphasizing the coming months on more collaborations and integrations in the STO space.

Apart from that, we have arranged a series of community events with our partner so you can take a deep dive into what will soon become one of the industry’s leading Social networks.

Talium Community Events

This is the first part of our statement to the STO. We’ll host various interactive community activities over the next 3 weeks so you can know more about our partner and the ramifications behind this project.

  • This week: definition of STO Partner and an outline of the STO network.
  • 2nd week: AMA telegram with Talium ‘s CEO & CTO, and Jack Lu, CEO of Wanchain.
  • 3rd week: Part 2 of the launch, with more information about the Wanchain platform and STO usage cases
  • 4th week: Talium platform lives zoom demo by Talium development team.

On Wanchain

Wanchain is the infrastructure that connects the decentralized world of finance. Wanchain ‘s live cross-blockchain solution is EVM-based, includes optional private transactions, and provides an interoperability approach decentralized, permission-free, and secure. Globally, Wanchain has staff in Beijing (China), Austin (USA), Kuala Lumpur (Malaysia), and Madrid (Spain).

On Talium

For businesses of all kinds, Talium is a leader in digital development ventures. Talium was founded in 2012 as a Software as a Service Company (SaaS). Still, since 2015, the company has grown its competency in blockchain technologies. Its extensive experience and expertise in the design, development, and delivery of some of France’s most innovative blockchain projects are now known.