https://cdn.steemitimages.com/DQmWLYF4tuNHAfaE6DaLknkNfgzxvv78QvACNFwwVSrJeci/wanchain%20image%202.png 
<center>[image source](https://wanchain.org/)</center>   
https://cdn.steemitimages.com/DQmer36aUtEpDwsiNkYdYQBmdDWd1sSUQ4cWkwjSiRu4Ndc/text%20divider%20for%20wanchain.png   
  
In my previous blog, I did a review of [Wanchain](https://wanchain.org/) where I spelt out what wanchain is and how it is going to execute its project, however, let me do a quick recapitulation of what was discussed about Wanchain so we can all be on the same page. Wanchain is a blockchain ecosystem that aims at designing a new decentralized financial infrastructure that exchanges value among the different blockchains, it is targeting to achieve this by providing smart contracts, cross-chain transactions, privacy mechanisms and also functional extensibility. On top of what was reviewed previously, In this blog, I'm going to critique the Wanchain applications.    
  
  
  
# <center> [Wanchain Applications](https://wanchain.org/) </center>   
Since the global financial crisis that happened in 2007-2008, there has a been a steady fast usage of the blockchain technology simply because of the public losing its trust in the centralized financial institutions, despite the technology running like a dream, wanchain believes there is a need to create more value for it. Below is what wanchain has in store for this disruptive technology   
  
  
# Decentralized  Borrowing and lending <sub>[source](https://wanchain.org/files/Wanchain-Whitepaper-EN-version.pdf)</sub>   
35% of the world's population has no access to the banks, for instance, they can not open saving's accounts, access the credit and Debit card facilities as well as attain business loans. At odds with what financial institutions are doing Wanchain has a concept of financial inclusion that seeks to help the disadvantaged and small enterprises at a very competitive interest rate at the drop of the hat. This application pivots on smart contracts and it operates More like  ETHLend, however, the difference here is that the interest rates are set on wanchain as well as all the deposits are denominated in the wanchain token(wancoin).    
  
  
# Payment and settlement <sub>[source](https://wanchain.org/files/Wanchain-Whitepaper-EN-version.pdf)</sub> 
  
There is so much new wealth in the crypto space and it is the reason we are witnessing the birth of bitcoin kiosks that exchange Bitcoin and cash around the globe. This wealth is not only limited to Bitcoin but to also other digital assets, with this in mind Wanchain a distributed Multi-currency platform is merging the different banking ledgers into one ledger and this means that any individual can use the wanchain wallet to execute payments as well as settlements without having to install multiple digital wallets.   
   
# Transaction and exchange <sub>[source](https://wanchain.org/files/Wanchain-Whitepaper-EN-version.pdf)</sub> .
    
At the moment, exchanging the digital assets to fiat spins around the centralized exchanges that function like brokerages and they are as well as managed by central authorities which puts all the user's trust in the hands of the exchange. Wanchain is working on a system that enables the digital assets and currencies to be exchanged by blockchain. After the multiple currencies are unified with wanchain, the exchanges or intermediaries can attain a multi-currency auction trading and a one-to-one curb transaction via smart contracts. This decentralized exchange will be superior when it comes to privacy and transaction speed.    
  
# Investment and financing <sub>[source](https://wanchain.org/files/Wanchain-Whitepaper-EN-version.pdf)</sub>   
In the crypto space, there is an entirely new funding model for the state of the art projects and this funding model is the Initial coin offering. It is estimated that since the year started over 12 billion dollars have been raised for projects, on the other hand, we can not neglect the fact that during an ICO a particular  currency is set for example when a project uses an ERC-20 standard protocol to create their token indubitably they will require payments to be made in Ether which bothers investors holding other digital assets. Wanchain puts this hindrance to bed with offering a golden opportunity to the ICO issuer to issue a smart contract that supports multi-currency investments so investors can sink in Bitcoin, Ethereum and any other token integrated with wanchain. Apart from the financing, wanchain is also considering recording more financial assets on distributed ledgers basing on consortium chains linked to wanchain and these assets will be bought by investors using their digital currencies.    
  
<center>https://cdn.steemitimages.com/DQmS9qYXj6ab5vXNc3J69UYKyarsCd6oACSrXcM84i3osUR/wanchain%20image%205.jpg</center>   
  
<center> [imagesource](https://wanchain.org/)</center>   
  
https://cdn.steemitimages.com/DQmer36aUtEpDwsiNkYdYQBmdDWd1sSUQ4cWkwjSiRu4Ndc/text%20divider%20for%20wanchain.png   
  
  
# Conclusion.    
We are presently living in a digital economy with the number of digital assets growing every single day and interestingly as the public adopts these assets, they appreciate in Value so it is very logical to have a blockchain ecosystem that is bridging the gap between the different assets. It is my belief that Wanchain is solving a real-world problem and a reason for it to operate at a breakneck speed to upgrade the blockchain technology. It is really mind-boggling to know that they are also planning to offer multi-currency credit cards as well as asset-backed securities. literally, alone the blockchain technology can do so little but in togetherness, a lot will be achieved...   
  
To get a better insight into this technology these links will be of help.    

https://cdn.steemitimages.com/DQmeNzt4o1csANF72pp4AXHVu6fkamNz4KmMpPCKQRaHeUY/wanchain%20image%204.png   
<center>[image source](https://wanchain.org/)</center>   
  
[Project website](https://wanchain.org/ ) 
  
[Project products and services](https://wanchain.org/product)   
  
[Project documents](http://www.wanchaindocs.org/en/latest/)  
  
[Telegram group](https://t.me/WanchainANN)  
  
[Medium blogs](https://medium.com/wanchain-foundation)   
  
Disclaimer:   
The information contained within this post shall not be taken as financial advice. I am not a financial advisor and none of your investment decisions should be carried out based on any information presented here. You can lose all of your money by investing. The information presented in this article reflects my understanding of the project.   
  
<center>Thank you!</center>