The existing legacy trade systems are expensive and disjointed. Lack of transparency during trade settlement increases cost and fees. Especially in global trades
TradeFinex is the world first blockchain based solution build to mitigate inefficiency in this massive global trade industry.
TradeFinex is a marketplace of XinFin. XinFin is Singapore startups that aim at solving the problems of international trade and finance.
TradeFinex aims to bridge the infrastructural deficit in the world. Countries around the world lack basic amenities required to live a happy life. Billions of people around the world lack electricity. Over 800m people around the world lack water. Governments around the world haven't been able to tackle this deficit and that's why XinFin created a Blockchain based marketplace to enhance financing good small and medium scale projects that address human needs.
TradeFinex enables global trades within governments, organizations and institutions in a peer-2-peer marketplace. It is a decentralized platform to enables people to raise funds and deployed their projects without relying on funding the government.
XDC naïve token is the cryptocurrency for the ecosystem and is been used for funding and payment of fees on the platform.
It's worthy to note that the XinFin Network is the first hybrid blockchain. It combines the positive qualities of the public and private blockchain. It combines the speed and privacy of public blockchain and the transparency of public blockchain. It enables organizations to have a public state on the network to interact and trade with other organizations on a peer-2-peer basis and also have a private state that allows connection and communication internally.
XDC token is trading on various cryptocurrency exchange like Coss, P2PB2B, Mercatox, Bancor etc.
Conclusion: Infrastructure is important and XinFin is impacting greatly in the world by creating a decentralised funding solution. XinFin ecosystem is solving two important problems which are global trade and finance. This is the most ambitious application of blockchain technology.
For more info, check the links below:
WEBSITE: https://xinfin.org
$TELEGRAM* : https://t.me/xinfin
MEDIUM : https://medium.com/xinfin
TWITTER : https://twitter.com/XinFin_Official
LINKEDIN : https://www.linkedin.com/company/xinfin/
YOUTUBE: https://www.youtube.com/channel/UCQaL6FixEQ80RJC0B2egX6g
GITHUB : https://github.com/xinfinorg
Author's details: Osasusylvia2@gmail.com