Trading and trade finance happen to be two of the major features driving the world's economy. However, for all the importance we can list, it still is sad to note that the system is riddled by inefficiencies and these inefficiencies surface due to a host of factors. The inefficiencies in question include;

The nature of infrastructure investment

Limitations of traditional providers

Unavailability of a global marketplace

Cross border exchange delays

From the points highlighted above, it is pretty obvious that there are several shortcomings that currently plague the trade and finance department. With the aim of nullifying these shortcomings, the team behind XinFin has developed a first of its kind innovative financing mechanism.





Introducing XinFin

XinFin intends to leverage on the advantages of blockchain technology in order to obliterate the inefficiencies that are prevalent in global trading and finance. This new financing mechanism is not intended to be a replacement for the traditional financial ecosystem but to complement it in order to offer users better all round service. The blockchain “XDC01" will compensate for the global trade and finance deficit by encouraging participation from several parties.





Business applications of XinFin

Users of XinFin will be able to leverage on the XDC01 protocol in order to build various dApps which can be applied in fields that include procurement, distribution, financing and supply chain. The team behind XinFin have not exactly defined a limit to the applications of the XDC01 protocol as the possibilities seem endless. Ideas will also be welcomed from users on how to build dApps and expand the use cases of the XDC blockchain.





The XDC token

The XDC is a utility token that powers the XDC blockchain as it facilitates all international and domestic transactions across different sectors. The total amount of XDC tokens that will ever be in circulation stands at 100 billion.





Closing thoughts

There is no denying the fact global trade and finance does not operate at a level that corresponds to user needs. Due to the introduction of XinFin, users will be able to enjoy the best quality services due to the infrastructure that has already been put in place.





If you intend to learn more about the XinFin platform, you can visit any of the links listed below;





Authors name:Tomi Bosede

XDC address: 0x78885f7852abeadbaca617c4bc1ff0d12c968379