User:ProfJudy2/sandbox
| Platform | Ethereum |
|---|---|
| Website | www |
WeTrust is a decentralized platform for financial products built on the Ethereum blockchain.[1] Founded in 2016 by George Li, Patrick Long, and Hoang Nguyen, its mission is to advance financial inclusion throughout the world.[2] Along with the founding team, its advisers include Ethereum co-founder Vitalik Buterin, blockchain researcher Emin Gün Sirer, and blockchain consultant Michael Casey.[3][4]
WeTrust's first released product is the Trusted Lending Circles dApp. Based on the rotating savings and credit association (ROSCA) concept, it utilizes smart contracts on the Ethereum blockchain to allow users to pool money together at lower fees, eliminates the need for a middleman, and improved incentive structures. As it's still in its early days of usage, in the future, products may include a credit scoring system, mutual insurance, and lending.[5][6]
References
[edit]- ^ Tar, Andrew (31 May 2017). "Top Seven Fintech Startups to Follow". Cointelegraph. Retrieved 12 July 2018.
- ^ "Disruption by Blockchain Part 39: George Li - WeTrust - DisruptorDaily". DisruptorDaily. 26 February 2018. Retrieved 12 July 2018.
- ^ "An Interview with Michael Casey, WeTrust Fintech Advisor". WeTrust Blog. 10 March 2017. Retrieved 12 July 2018.
- ^ "An Interview with Emin Gün Sirer, Hacker and Professor at Cornell". WeTrust Blog. 22 February 2017. Retrieved 12 July 2018.
- ^ Gleiser, Steven (23 January 2017). "WeTrust: The Future Of Insurance On Blockchain | Bitcoin Chaser". Bitcoin Chaser. Retrieved 12 July 2018.
- ^ Evans, Jon. "Bittercoin: true blockchain believers versus the trough of disillusionment". TechCrunch. Retrieved 12 July 2018.