ADVANTAGE OF XINFIN HYBRID BLOCKCHAIN
The financial sector has suffered from several inefficiencies so aslo the global trade platform. Global trade its relevant to the economy of every country that wants to growth. So its important that global trade ans finance finds a working system that will eliminate those inefficiencies so as to maximise effective productivity.
Blockchain is the number one system and technology that can deliver that. Its decentralized and robust feature can ensure that security, privacy and scalability needs of global trade and finance is met adequately.
Why blockchain is better than traditional system
It has an impenetrable digitalized ledger for recording its database on transactions, contracts, documents etc
Ease of auditability and immutability:
The cryptographic structure of blockchain provides security; changes to be made on the records can only be possible by consensus of the whole network and this builds trust and safety in the systemDecentralization: the decentralization of system makes it practically impossible for a failure to occur within the system, it eliminates all trade barriers thereby drastically reducing cost.
Efficient service delivery: blockchain recognises that efficient service delivery is key in any trade and finance process so it's has it smart contract to handle repayments, shipments and settlements, trades etc.
ADVANTAGE OF XINFIN HYBRID BLOCKCHAIN
》Blockchain has consolidated on the above mentioned strength to make trade-finance better by designing the XinFin Hybrid blockchain technology, to operate at higher levels of scalability, secured and then fully permissioned oriented blockchain infrastructure.
》The XinFin project is engineered by XDCO1 protocol for a much better smart contract service and to curb all inefficiencies.
》 The XDC protocol is designed to provide an all encompassing support for smart contracts layer, AML/KYC, ensure price stability using it hedge pool for already existing digital currencies like bitcoin, litecoin, ripple.
》 The XDC protocol can also ably provide supports for FIAT payment and other nationally issued digital currencies
CONCLUSION
many users of Global trade and finance has not come to realise the importance of blockchain technology to their industry. This article will be an eye opener to the limtiless opportunities which abounds with using Xinfin platform to run and maintain global trade and finance.
For more details about this project visit:
Website: https://xinfin.org/
Whitepapers: https://xinfin.org/resources.php
Youtube: https://www.youtube.com/channel/UCQaL6FixEQ80RJC0B2egX6g
LinkedIn: https://www.linkedin.com/company/xinfin/
Twitter: https://twitter.com/XinFin_Official
Telegram: https://t.me/xinfintalk
Github: https://github.com/xinfinorg
Author:
Eth adress: 0x13aaeBD2a94f19202097c26736680739c9225A82
Email: Abulu730@gmail.com