Located in the heart of Geneva, Wecan positions itself as a pioneering Swiss company, specializing in the development of advanced IT solutions using blockchain technology. Its mission is to revolutionize the storage and exchange of information by offering a suite of sophisticated products, combining efficiency and security.
Its clients are mainly institutions that are highly sensitive to security issues, particularly in the financial sector. Wecan’s clientele includes private banks, wealth managers, trustees, as well as luxury hotels, all looking for reliable and secure solutions for managing their data.
In terms of positioning, Wecan could be compared to Ripple, but in the area of information exchange. While Ripple is revolutionizing monetary transactions, Wecan is innovating in the transfer and secure management of information.
To better understand this dynamic company and its impact on the banking sector, we went to meet Nathan DouetCOO of Wecan, to explore their vision and achievements in more depth.
Tremplin.io: Wecan has experienced a meteoric rise since its beginnings. Can you tell us more about the key factors of this success?
The dazzling success of Wecan is mainly based on our unique approach to co-creation with our clients. This method allows us to precisely target business issues and offer solutions perfectly suited to the needs of stakeholders.
A crucial element of our success is our close collaboration with the Blockchain Association for Finance, a consortium of leading financial institutions. This partnership is essential to unify the needs of banks and wealth managers and to establish efficient data exchange standards, while ensuring compliance with the highest security standards. Representatives of renowned banks, such as Pictet, Lombard Odier, Edmond de Rothschild, Julius Bär, as well as asset managers such as NS Partners or Prime Partners, actively participate in our bimonthly meetings.
Our technology is also a cornerstone of our success. Our distributed technological architecture guarantees maximum security, giving each client exclusive control over their data. Information is encrypted during storage and exchange and only our customers have the access keys. This approach clearly sets us apart in the market.
Finally, the use of blockchain in our products ensures unparalleled auditability. Each data exchange generates a hash recorded on the blockchain, using our WECAN token to anchor digital evidence.
Tremplin.io: Can you describe Wecan in three words and explain these choices?
Institutional, Entrepreneurial, Confidential – these three terms perfectly sum up the essence of Wecan.
“Institutional” reflects our clientele mainly composed of renowned institutions, which require a high level of security. The complexity of their needs has pushed us to develop sophisticated solutions and adopt rigorous institutional communication, thus becoming one of our major strengths.
“Entrepreneur” illustrates our entrepreneurial spirit at Wecan. Driven by the ambition to challenge the status quo and transform data management, we are constantly driven by our passion for innovation.
“Confidential” highlights that confidentiality is at the heart of our offering. By putting users back in control of their data, we are making a strong commitment to privacy, not only for businesses, but ultimately for individuals as well.
Tremplin.io: How is Wecan transforming the banking sector?
Wecan’s revolution in the banking sector revolves around pooling. Faced with increasingly complex IT systems, constantly evolving regulations and an increased risk of cyberattacks, banks find a unique response in our collaborative solution.
Our ecosystem encourages banks to pool the development and implementation of solutions to meet these challenges. By sharing experiences and collaborating on non-competitive aspects, they can reduce costs and improve their compliance and security standards together.
This pooling model is innovative because it converts banks’ individual challenges into collective opportunities for improvement and innovation. By promoting collaboration between institutions, Wecan plays a key role in the positive and sustainable development of the entire banking sector.
Tremplin.io: How does Wecan integrate blockchain to meet the specific needs of its clients?
Wecan uses blockchain in innovative ways, primarily to enhance auditability and security, crucial aspects for our customers. The blockchain ensures impeccable transparency and traceability of actions and exchanges carried out via our applications.
For example, with Wecan Connect, our instant messaging platform, each message sent triggers the creation of a unique hash, a sort of digital fingerprint of the message. This hash is permanently recorded in the blockchain, thus providing indisputable legal proof of the existence and content of the message at a specific time, while preserving its confidentiality.
This method of securely and verifiably recording every important action is essential, especially in the banking industry where the integrity and security of information is of the utmost importance.
Tremplin.io: The WECAN Token is an integral part of your offer. How does this token contribute to your vision of transforming the banking sector?
The WECAN Token is essential to our banking sector transformation strategy. As a utility token, it sits at the heart of our ecosystem, facilitating our customers’ access to our services. For each significant transaction or action recorded on the blockchain, such as validating an operation or creating digital proof, the WECAN Token is required. This system is analogous to the ‘gas fee’ concept used on Ethereum, providing a transparent and efficient cost structure.
Tremplin.io: Could you describe Wecan’s prospects for 2024, in 5 years, and in 10 years?
By 2024, Wecan aims to become the undisputed leader in the field of blockchain solutions for the financial sector and beyond, affecting the private client sphere. We aim to expand our presence in the international market and get closer to end customers. At the same time, we will continue to improve the security, performance and ergonomics of our solutions to meet the emerging challenges of the financial industry.
In five years, our goal is to revolutionize the way financial institutions interact and manage their data. We plan to position ourselves at the forefront of integrating artificial intelligence and other emerging technologies into our blockchain solutions, thereby providing more personalized and efficient services.
In a decade, we see Wecan as a key player in the digital revolution in the financial sector. We aspire to be not only a leading technology solutions provider, but also a pioneer in setting new standards for financial data management. At this point, Wecan will have expanded its influence beyond the banking sector, bringing our blockchain solutions to other areas of finance and potentially other industries, thereby redefining the standards of privacy, security and efficiency of data in a constantly evolving digital economy.
In conclusion, the future of Wecan looks promising and innovative. With its commitment to blockchain technology and visionary approach, Wecan is well on its way to redefining the financial industry landscape. By focusing on security, personalization and the integration of advanced technologies like artificial intelligence, Wecan not only follows current trends, but strives to get ahead of them.
Their ambition to become a leader in providing blockchain solutions for the financial sector and beyond is clearly mapped out. With international expansion plans and a desire to transform the way financial institutions manage and interact with data, Wecan is positioning itself as a key player in the digital revolution of the financial sector.
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