The biggest problem in the blockchain industry is that there are no usersThe biggest problem in the blockchain industry is that there are no users。
Alex Witt, partner and CFO of SWFT Blockchain (hereinafter referred to as SWFT), who I recently contacted, also discovered a similar problem: Although Silicon Valley has concentrated many high-quality underlying technology projects, China is good at combining new technologies with commercial application scenarios, but blockchain The chain world still faces a big problem, that is, there are few users and the threshold for participation is high.
Alex believes that the transition of the blockchain from the minority 1.0 era to the 3.0 era with a small number of C-end users is inseparable from more types of applications and token economy. However, the underlying public chain has not yet been "unified", and the cross-chain transfer of information and assets has become a rigid need. Reducing the threshold and friction costs of cross-chain, and improving the processing speed will help stabilize the existing users.
SWFTAs a one-stop cross-chain currency exchange platform that started in Silicon Valley, it has wonDraper Dragon Digital Fundand other ten institutions; since the autumn of 2017, it has provided customers with fast, cheap and safe digital currency transfer and currency exchange services. The platform now supports more than 40 currencies, and has accumulated millions of users scattered in overseas countries.
SWFT's cross-chain transfer algorithm has submitted a patent application in the United States. The advantage of this algorithm lies in millisecond-level transaction speed and high security, supporting cloud storage solutions and distributed encrypted transmission.
In addition, in order to speed up the transaction speed, SWFT has enabled the "no confirmation" function, that is, the transaction results will be fed back to the user before the batch is uploaded to the chain, and the user can view it on the chain later (the specific time depends on the congestion level of the blockchain network). SWFT takes the risk of this "time difference" to achieve "one-click exchange", approaching the experience of a centralized exchange. Its principle is similar to the "Off-chain matching + on-chain transactionsmanual
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According to reports, SWFT has signed contracts with more than 50 exchanges, using big data analysis to find the best price, automatically matching, and generating records on the respective blockchain protocols for users.
It is also possible to share orders in the "Alliance", as reported by OdailyTokenlon、DEx.top、DDexand other decentralized trading platforms, and introduced protocols such as 0x, Kyber, and Hydro.
From the perspective of market ecology, the role of SWFT is similarTokenmania、Trade TerminalQuantitative teams and market makers such as cross-market arbitrage, but the C-end experience will be close toBiUPand other aggregated exchanges.
In terms of cross-chain transfer, SWFT's technical application is a bit like Ripple. It's just that Ripple's service targets are mainly institutional customers such as banks, while SWFT focuses more on the C-end user market, hoping that "product users are diversified investors." Alex said that SWFT's cross-chain technology can also serve banks, wallets and other institutions with cross-chain exchange needs through API access.
For the field of digital asset transfer transactions, Alex believes that the energy of the industry should be devoted to the optimal exchange rate and user experience, rather than competing for the maximum dividend ratio. Although the platform currency can increase the loyalty and stickiness of users, the dividend mechanism allows the platform currency to have securities attributes. Under the trend of stricter global supervision, it is not a long-term solution.
SWFT's official token, SwftCoin, is only used for discounts on the basis of the ten-thousand-five-thousand-dollar handling fee.
Next, SWFT will announce a series of partners to promote the circulation of digital assets in various application scenarios by providing API interfaces for cross-chain transfer functions, and strive to expand the number of supported currencies to 100 by the end of the year.
The team currently has more than 30 people, mainly engaged in research and development; there are also more than 20 volunteers distributed in various countries to help maintain the community, so the operating cost is low. CEO Ramble, entered the blockchain field in 2010, and is the founder and chairman of the North American Blockchain Association. CFO Alex Witt, graduated from LSE and the Department of Economics and Management of Tsinghua University, worked in the Global Investment Research Department of Goldman Sach's, and has rich experience in VC investment. CMO Christina Rinker, HULT IBS MBA, has 12 years of market experience in AI, blockchain and other fields in Silicon Valley. CTO Zhanlei Ma, graduated from Tsinghua University majoring in computer science, has many years of technical experience in securities and consumer finance.
