A purpose-built platform for business finance
Blockchain for Finance
The WeOwn Blockchain
Due to the architecture specialised in financial transactions, the WeOwn Blockchain is significantly more performant than known public Blockchains. The focus on financial assets also results in significantly lower transaction costs than, for example, Ethereum. Read our blockchain speed of performance analysis to get a detailed picture.
The WeOwn marketplace is built on our own hybrid blockchain, capable of safely storing both public and private data, and incorporating cryptographic technology.
Our blockchain is tailored to the needs of financial services transactions, including an advanced delegated proof-of-stake consensus algorithm, which enables fast validations.
5 reasons we developed our own blockchain
What are digital assets?
How does it work?
Benefits of a blockchain built for business finance
WeOwn’s Blockchain Interoperability
Rather than exist in a vacuum, WeOwn is working on establishing blockchain interoperability to provide our customers with maximum flexibility.
So far, WeOwn has enabled blockchain bridges to the two leading blockchain ecosystems (apart from Bitcoin): Ethereum and Binance Smart Chain. With this, WeOwn has created a holistic ecosystem for managing and administering debt and equity instruments with an institutional focus, and Ethereum-based applications are able to use the extensive functions such as voting or crypto registers of the WeOwn platform via this bridge function. Companies can thus access a secure and private decentralised network while building on the benefits of public blockchains like Ethereum to get the best of both worlds for their use cases.
Read our guide on blockchain bridges for a detailed breakdown of the concept.
Comparison of Transaction Costs
Example transaction: 7.Jul.2021 – $31,250