As we’ve said since the beginning and most recently in our blog post titled The Road Ahead for WeTrust — the company has always been about financial inclusion and leveraging cutting edge technology to create a decentralized and socially impactful ecosystem. In support of this mission, many products and strategic initiatives are being cultivated to ensure a robust environment for all stakeholders, including the following.

A sneak peek at the new WeTrust Spring logo.

Spring is our platform for collaborative finance and the flagship product. It is a saving and donation platform initially focused on serving organizations, the next evolution based upon the Trusted Lending Circle concept. While it will initially serve trusted organizations, we expect it to evolve and incorporate different models of collaborative finance.

is our platform for collaborative finance and the flagship product. It is a saving and donation platform initially focused on serving organizations, the next evolution based upon the Trusted Lending Circle concept. While it will initially serve trusted organizations, we expect it to evolve and incorporate different models of collaborative finance. Other foundational products include our Platform Sidechain, Ethanic Wallet, and Subscription Module. Each of these products will augment our ecosystem in unique ways.

include our Platform Sidechain, Ethanic Wallet, and Subscription Module. Each of these products will augment our ecosystem in unique ways. Strategic initiatives will come in the form of partnerships with various nonprofits to foster the growth and awareness of our products and the advancement of the broader blockchain ecosystem. At the center of WeTrust is Trustcoin (TRST). This is the cornerstone of our entire ecosystem and will be used to incentivize proper game theory amongst participants in the system.

Our first product was the Trusted Lending Circle and its mission was to enable the world’s first decentralized blockchain based ROSCA. We successfully launched it onto the Ethereum mainet on January 18, 2018. Since the we have had several few hundred ROSCAs created and our smart contracts were never breached, and we’re still working on ways to help it scale further.

In order to stay true to the company ethos and deliver on our mission of financial inclusion, the company will be putting more effort and focus on building a platform for collaborative finance. We’re calling this platform WeTrust Spring.

WeTrust Spring, short for “springboard” and evocative of the season of growth, is based off an ASCA model (e.g., Accumulated Savings and Credit Associations). The first focus of Spring is to be a platform for crypto holders to contribute funds to nonprofit organizations they support. Eventually, we want to enable other entities to raise capital as well. That might include: individuals in need, hobbyists, entrepreneurs, or small, local causes.

A sneak peek of a few non-profits we are working with: Rainforest Trust, African Advocacy Network, and Internet Archive. We’re shooting for over 10 partners for our initial pilot!

ASCAs have been popular for hundreds of years and are a close cousin of the ROSCA. The primary difference is that ASCAs aren’t round based and are accumulating in nature. Funds are distributed based on a particular rule set that is determined before the ASCA begins.

We expect WeTrust Spring to enable:

unbiased curation through token curated registries best tools for ETH based donations (web3 integration, ERC721 support, etc.) donor inspiration through the reward of non-fungible tokens as a sign of appreciation donation receipts for easy tax filing active donor and NPO/ NGO engagement through Slack sovereignty through crypto

We’re super excited to begin working on WeTrust Spring because we see this as a natural evolution of the Trusted Lending Circle. In the coming weeks, we will have a in-depth blog post with more details about the product release. We’re optimistic since this dApp will be launched in conjunction with strong interest from crypto donors to contribute to mission driven causes, while at the same time introducing crypto to a whole new audience. Regarding infrastructure tools, we’ll continue to develop and wrap these up and may ultimately share as open source for the greater community — please stay tuned. If you’ve got any questions for us, visit our Telegram channel and please drop us a question!

We look forward to seeing you all there.