August 9, 2022

Waves Enterprise expands to Singapore to pursue hybrid blockchain adoption

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Waves Enterprise has onboarded Tokenomika Pte Ltd., a Singapore-based fintech company, as an operator for its hybrid public-private blockchain. Tokenomika will operate the Waves Enterprise public permissioned network, starting in March.

The expansion comes as part of a strategy shift for Waves Enterprise, focusing more on hybrid networks that can interface with public blockchains like Ethereum. In Gartner’s “hype cycle for blockchain” report, the analytical firm predicts that the enterprise world will gradually move away from fully private networks to hybrid or even fully public options. Waves Enterprise is making a bet on this prediction, focusing on creating networks that can interface with the wider blockchain world — especially in the context of tokens. Sasha Ivanov, founder of Waves, told Cointelegraph:

“There are no fully operating corporate or gov blockchain ecosystems yet; I would say that the market is still in search of a minimal viable ecosystem model. But in any case you need to start out with something small, that’s the only way to build a sustainable ecosystem.”

Ivanov noted that there are attempts by companies like Hedera Hashgraph to bring a mixed model,Title: Waves Enterprise expands to Singapore to pursue hybrid blockchain adoption
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Published Date: Wed, 24 Mar 2021 13:21:09 +0000