- Waves says Waves Enterprise will be responsible for developing enterprise web3 projects.
- VST tokens will function as the native token of the ecosystem
- The team says the Waves Enterprise technology will support multiple algorithms
Following the sale of the Vostok project, the Waves team has announced the launch of Waves Enterprise, a platform that will be focused on developing and launching enterprise projects, according to a press release on July 18, 2019.
Waves Enterprise Goes Live
Waves Platform, a distributed ledger technology (DLT) project for the development of cutting-edge decentralized applications (dApps) and Web3 solutions, has launched Waves Enterprise, a project dedicated to the development of universal blockchain solutions for enterprises.
Waves Enterprise will make it possible for corporations in need of a trusted and secure distributed ledger for their business processes to have access to highly functional blockchain solutions with minimal access to confidential data within the Web3 paradigm.
Thanks to Docker, an automatic app installation and management system, Waves Enterprise technology gives users the freedom to run a vast array of algorithms including smart contracts and neural networks written in major programming languages.
The Need for Waves Enterprise
Established in 2016, Waves has stood the test of time and it remains one of the most solid blockchain projects in existence.
The Waves Platform provides developers with easy-to-use tools for the creation of highly functional enterprise-ready decentralized blockchain applications.
As reported by Blockchain Reporter earlier June 2019, after one year in development, the Waves team announced the launch of the Vostok mainnet, a network developed to provide enterprise-grade blockchain solutions to large corporations in Russia and other parts of the globe.
Notably, several highly reputed Russian firms including Rostec and Sberbank, a state-owned financial institution headquartered in Moscow, made their intentions to adopt Vostok clear.
However, barely a month after the Vostok mainnet went live, Alexander Ivanov, the founder of the Waves Platform and owner of the Vostok project sold his stake in Vostok to Mark Garber’s GHP Financial Group, in a bid to focus more on the development of Waves.
“The development paths of Vostok and Waves are becoming increasingly divergent. For me, the priority was and remains the international development of the Waves Platform to create the next generation of the Internet with smart, decentralized services running on the blockchain. Therefore I have decided to sell the Vostok project and focus on the development of the Web3 ecosystem,” declared Ivanov.
At press time, the price of Waves (WAVES) sits at $1.46, with a market cap of $147.09 million.