Since the time Bitcoin premier the introduction of cryptocurrencies to the world, many business ventures have started integrating blockchain innovation into their business ecosystem. Ethereum was probably the most successful altcoin by introducing the term of smart contracts . Using Ethereum’s smart contracts, a lot of new altcoins were born – each of them based on the same principle, targeting a special niche.

There is an innovative project in the industry now named XinFin and they are working on building an institutional marketplace on the ethereum platform with a goal of finding solutions to real world challenges in the financial services industry. More so, they are doing this by incorporating the utilization of smart contract among buyers, sellers and financers, offering instant payments and settlements using their platform native token – XDC.

The XinFin team has listed four specific benefits which they make them different:

Their marketplace is designed to solve any cross-borders settlements instantly by their mechanism, using the native XDC token.

Any real world contract will be mapped by smart contracts.

Their XDC token will be used to incentivize financiers to funds projects

They want to build an equity exchange over XDC, especially for projects that wants to raise capital.

What caught my attention more exactly was the term of financiers. Up to 25% of their blockchain’s coins will be rewarded to financiers as a bounty/cashback for financing certain infrastructure projects.

This way, an investor will be motivated to invest in a certain project and will also gain a decent profit over time.

XinFin Mission

Xinfin’s mission is to deliver enterprise grade blockchain that solves real world problems with real solutions and real transactions. A large chunk of Xinfin XDC tokens are allocated for financing public infrastructure projects that are designed to have cloud connectivity for payments and settlements.

XDC run on a public distributed network and the reason for this is to reduce the latency time of public blochain protocols thereby allowing completion of transactions within 5 seconds.

Conclusion

Xinfin’s concept is a great one, however there’s a long road from the concept to the implementation. I hope they will manage to set up a White Paper and put their idea in practice.

Check this links for more information about the project:

https://xinfin.org/

https://twitter.com/XinFin_Official

https://github.com/XinFinorg

https://t.me/xinfin

https://medium.com/xinfin

Written by

Adedeji Jumoke

[email protected]