Following the announcement that Waves CEO Alexander Ivanov sold the project to Vostok, the company he leads is launching a new division of Waves Enterprise, which will focus on corporate projects. This was reported to BlockchainJournal by companies.

As part of the Web3 concept, which became the basis for the development of the Waves platform, Waves Enterprise is a universal blockchain solution for corporations that need a reliable and secure system for managing business processes with limited access to confidential information.

Web3 is the next generation of the Internet with smart, decentralized services operating on the blockchain and new technologies that are being developed at Waves. As part of the work on the Web3 ecosystem, Waves has already created and launched the smart contract language RIDE, which provides a new approach to decentralized computing and business logic.

In Web3, distributed registry technology is only part of the larger picture. And Waves, according to Ivanov, becomes the first company that focuses solely on the monetization of Web3 applications.

“The Waves Enterprise technology will become a universal solution and will allow you to perform any algorithms – from smart contracts to neural networks – in all popular programming languages using the automated system for deploying and managing Docker applications, ” said Alexander Ivanov.

VST tokens will become the unit of account for Waves Enterprise, its local currency intended to represent digital balance. System tokens are needed to connect your node to the network, pay commissions for operations, mining and the so-called enhancement – proof of the correctness of operations in the internal corporate networks.

“The synergy between open and closed blockchain solutions promoted by Waves should lead to the emergence of a universal technological solution for both closed and open networks, ” added Alexander Ivanov.

According to him, in the near future, the project Waves Enterprise will not attract investment, so as not to shift the focus from the development of Waves Enterprise technology and its withdrawal to the global market.

“It is important for us to first bring the project to a successful launch, and then it will be possible to talk about investment attraction rounds. In the future, funds from the evaluation of the VST token of at least $ 1.60 may be attracted. Soon we will publish a roadmap and give information about the stages of development of the project, ” Ivanov said.

The fact that Alexander Ivanov sold his stake in the Vostok project to the senior partner of the financial group GHP Group, Mark Garber, was announced last Tuesday. According to Ivanov, the reason for this decision was the desire to concentrate on the international development of the main Waves Platform.