MOSCOW, Dec. 28, 2016 /PRNewswire/ -- Business
Incubator of Higher School of
Economics in Moscow has announced
the second year of FinTech startup program HSE{Pro}Fintech.
Official partners of the FinTech section are Waves, the
decentralized platform for crowdfunding and community management
and National Settlement Depository.
FinTech applications
The Incubator recently launched the second round of its
{pro} fintech programme. The program aims to develop projects in
the field of financial and blockchain technologies, in particular
services for banks and their customers, personal finance management
systems, peer-to-peer services, investment systems, payments,
transfers and other FinTech products.
Whilst Bitcoin has pioneered peer-to-peer online money transfer
for almost 8 years now, Blockchain 2.0 technology is still in its
relative infancy. A number of decentralised asset exchanges have
already been created, including on the Nxt, BitShares, and
Counterparty platforms. However, none of these have achieved
significant traction, for a number of reasons. Firstly, they were
small ecosystems. The assets traded generally had low liquidity and
high spreads, and being decentralised platforms there was little
accountability and a large proportion of low-quality and fraudulent
assets. Regulations were practically non-existent. Additionally,
trading was slow due to inherent block-time limitations of the
blockchain. This made it almost impossible to attract legitimate
new businesses and for these early decentralised exchanges to
achieve critical mass.
New solutions
Waves platform is aiming to bring solutions to all of these
problems with its Waves' DEX (decentralised exchange), which has
just been released on testnet. It allows any token to be
traded directly against any other token – rather than trading two
tokens separately against a reference currency, as most other
platforms require. Moreover, it features an innovative new system
that enables trades to be executed in near real-time via a
"Matcher", enabling high-frequency trading but still be settled on
the blockchain for security.
Additionally, fiat gateways are in the process of being created
to allow the use of blockchain-based EUR, USD, CNY and other major
currency tokens. Gateways, which act as on- and off-ramps between
the traditional financial sector and the blockchain, are
responsible for remaining compliant in their regulatory
jurisdictions. Thus, the Waves DEX allows for speed, security, and
compliance.
Learn more about Waves at
– https://wavesplatform.com
Media Contact
Contact Name: Evelina Lavrova
Contact Email: evelina@wavesplatform.com
Contact Phone: +79165775866
Location: Moscow, Russia
Waves Platform is the source of this content. Virtual
currency is not legal tender, is not backed by the government, and
accounts and value balances are not subject to consumer
protections. This press release is for informational purposes only.
The information does not constitute investment advice or an offer
to invest.
Related Links
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Waves Platform
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SOURCE Waves Platform