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XDC Network
Logo_XDC_Network =
Denominations
Code$XDC
Development
Original author(s)Xinfin Fintech
White paperxinfin.org/docs/whitepaper-tech.pdf
Development statusActive
Developer(s)Mediarex
Ledger
Ledger startJune 1, 2017; 7 years ago (2017-06-01)
Block explorerexplorer.xinfin.network
Website
Websitexdc.org

XDC Network is an enterprise-ready hybrid Blockchain technology company optimized for international trade and finance.[1][2] The XDC Network is powered by the native coin called XDC.[3][4] XDC Network was launched in 2017 by a Singapore-based technology company XinFin Fintech.[3] The XDC Chain (XinFin Digital Contract) uses XinFin Delegated Proof of Stake (XDPoS), with the intention to create a ‘highly-scalable, secure, permission, and commercial grade’ blockchain network.[5] XDC Network is the first hybrid blockchain that combines the features of public and private blockchains with interoperable smart contracts.[6] XinFin have completed a dozen pilots across supply chain logistics, aviation, and international trade, and finance settlements.[7]

History

XDC Network was launched in 2017 by Singaporean technology firm Xinfin Fintech.[3][8] It was founded by a group of entrepreneurs: Sameer Dharap, Peter Yeo, Jack Xu, Atul Khekade, Ritesh Kakkad, and Karan Bharadwaj.[3] XinFin announced that it will use Copper’s custody solution to hold digital assets from its crypto hedge fund as well as the platform’s native token in January 2020.[9] In 2021, XDC Foundation was formed to promote and support ecosystem development across the network.[10] XDC Network became the first blockchain company to join the global Trade Finance Distribution (TFD) Initiative in 2021.[11]

In 2022, XDC Network secured a $50 Million nvestment from LDA Capital in a token sale.[12][13] Xinfin collaborated with Tradeteq to launch TRADA tokens, hailed as the first regulated, trade finance-backed fungible security tokens on the XDC Network in 2022.[14][15][16] Major League Soccer’s (MLS) DC United announced XDC Network as their new shirt sponsor on a three-year deal in February, 2022.[17][18] In 2023, DCB Bank announced that it was migrating its insurance system to the XDC Network.[19]

TradeFinex

In December 2017, TradeFinex a decentralized platform that runs on XDC Network was launched.[3] TradeFinex is a peer-to-peer platform for trade finance originators to distribute deals to a wide range of bank and non-bank funders.[6][20] TradeFinex connects multiple platforms by operating as a blockchain agnostic middleware[20]

References

  1. ^ KAMAKSHI, GUPTA (2023). "Blockchain in Operations Management" (PDF). International Journal of Scientific and Research Publications. Volume 9 (Issue 11): 428. {{cite journal}}: |issue= has extra text (help); |volume= has extra text (help); Check date values in: |year= / |date= mismatch (help)
  2. ^ Basile, Davide (2023). [10.1080/21681015.2023.2173317 "Digitalizing Circular Economy through Blockchains: The Blockchain Circular Economy Index"]. Journal of Industrial and Production Engineering. 40 (4): 233–245. {{cite journal}}: Check |url= value (help)
  3. ^ a b c d e "TradeFinex aims to minimise global infra investment deficit using its blockchain-powered P2P financing platform". Yahoo News. 2017-12-19. Retrieved 2023-12-10.
  4. ^ "Singapore-based XinFin Unveils Blockchain-powered TradeFinex Platform With India's Largest Trade Organization Assocham". markets.businessinsider.com. Retrieved 2023-12-10.
  5. ^ Alzoubi, Yehia Ibrahim; Mishra, Alok (2023-12-10). "Green blockchain – A move towards sustainability". Journal of Cleaner Production. 430: 139541. doi:10.1016/j.jclepro.2023.139541. ISSN 0959-6526.
  6. ^ a b Atici, Gonca (2022). "The nexus of blockchain and governance: A use case of blockchain on trade finance. Risk Governance and Control". Financial Markets & Institutions. 12 (2): 56–64. {{cite journal}}: line feed character in |title= at position 28 (help)
  7. ^ Attaran, Mohsen; Gunasekaran, Angappa (2019), Attaran, Mohsen; Gunasekaran, Angappa (eds.), "Blockchain Principles, Qualities, and Business Applications", Applications of Blockchain Technology in Business: Challenges and Opportunities, SpringerBriefs in Operations Management, Cham: Springer International Publishing, pp. 13–20, doi:10.1007/978-3-030-27798-7_3, ISBN 978-3-030-27798-7, retrieved 2023-12-13
  8. ^ Bureau, BW Online. "Singapore based XinFin Unveils Blockchain Powered TradeFinex Platform". BW Disrupt. Retrieved 2023-12-13. {{cite web}}: |last= has generic name (help)
  9. ^ "XinFin appoints Copper as institutional crypto custodian". Yahoo Finance. 2020-01-27. Retrieved 2023-12-13.
  10. ^ "History". XDC Network. Retrieved 2023-12-13.
  11. ^ "» XinFin's XDC Network – the First Blockchain Company to Join the Global TFD Initiative". Retrieved 2023-12-13.
  12. ^ Jose, Teena (2022-10-03). "The XDC Network Secures $50 Million From LDA Capital". Entrepreneur. Retrieved 2023-12-13.
  13. ^ Jose, Teena (2022-10-03). "The XDC Network Secures $50 Million From LDA Capital". Entrepreneur. Retrieved 2023-12-13.
  14. ^ "Tradeteq to securitize trade finance receivables on the XDC Network". IBS Intelligence. Retrieved 2023-12-13.
  15. ^ "XinFin's XDC Network and Tradeteq Launch World's First Trade Finance". ffnews.com. Retrieved 2023-12-13.
  16. ^ "TFDI". www.tradefinancedistribution.com. Retrieved 2023-12-13.
  17. ^ Dixon, Ed (2022-02-22). "DC United seal XDC Network shirt sponsorship". SportsPro. Retrieved 2023-12-13.
  18. ^ "DC United names XDC Network as new principal jersey sponsor". SportBusiness. 2022-02-22. Retrieved 2023-12-13.
  19. ^ Alzoubi, Yehia Ibrahim; Mishra, Alok (2023-12-10). "Green blockchain – A move towards sustainability". Journal of Cleaner Production. 430: 139541. doi:10.1016/j.jclepro.2023.139541. ISSN 0959-6526.
  20. ^ a b Patel, Deepesh; Ganne, Emmanuelle (2020). "BLOCKCHAIN & DLT IN TRADE: WHERE DO WE STAND?" (PDF). World Trade Organisation. Retrieved 13/12/2023. {{cite web}}: Check date values in: |access-date= (help); line feed character in |title= at position 39 (help)
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