Development status report. May 2018
Dear community members, this is the development status report from May 2018 for WishFinance Platform.
Team
WishFinance is hiring; we are looking for:
- Front-end HTML5/JS developer;
- Full stack Python/Django developer;
- Community manager.
Business development
The whole May and first days of June brought us partnership request from Tier 3 banks in Indonesia, Serbia, and Chile. While WishFinance is at a too early stage of development to sign commercial contracts, these partnerships help us to understand their markets better, to make a better product.
Next months we focus more on building partners network in North and South Americas while starting our first integrations with partners in Asia, Africa, and Europe in early 2019.
Infrastructure
Updated technical indicators for our blockchain network:
- 21 witnesses
- 3.5 second is a block time
- 10,000 transactions per second
Compare it with 10 minutes block time and 7 TPS for Bitcoin blockchain and 17.5 seconds block time and 50 TPS for Ethereum. EOS, based on the same third-generation blockchain technology with Delegated Proof of Stake, is still faster.
Gladly, we are not a payment processing company, but these numbers help us to process millions of SME loans in 24 hours. Moreover, we have an understanding of how to make our network bandwidth closer to 100,000 tps.
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Token
WSH token available at the ForkDelta exchange:
- https://forkdelta.github.io/#!/trade/WSH-ETH
Any token holder can trade it there for ETH and other ERC-20 tokens.
After a few months of listing without enough trade deals, Iquant exchange unilaterally and without consultation with us delisted WSH. We are waiting for official response from Iquant.
Product
The platform demo interface publication delayed, we need to fix bugs in clients side, data collection, and visualization. The demo interface follows essential use case for lenders, our primary target audience, working with the platform:
- Authentication
- Dashboard
- Performance monitor
- Loans
- Borrowers
- Transactions
Also, some utility pages like profile.
While demo launch delayed, we are well advanced in authentication, access management of users and applications, and APIs.
Done:
- Auth token generation for a lender;
- Application authentication by a token;
- We can receive applications in JSON format, validate it and return its registration number in our system;
- We can return current application status by number;
- We can return the list of applications of a lender;
- API documentation (translating and proofreading stage).
All backend APIs are restful.
Thank you for your interest. We are doing our best to publish demo interfaces as soon as it is ready, with marketing coverage to support this event.
As always you can contact me directly by email ceo@wishfinance.com and stay connected with WishFinance at your favorite social channel:
- Facebook
- Twitter
- LinkedIn
- Telegram
- Reddit
