Singapore-based XinFin Unveils Blockchain-powered TradeFinex Platform With Assocham

Discussion in 'XDC Development' started by Kavita Gupta, Jan 12, 2018.

  1. Kavita Gupta

    Kavita Gupta Active Member Staff Member

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    NEW DELHI, Jan. 11, 2018 /CNW/ - Singapore-based hybrid blockchain firm XinFin (www.xinfin.org), in association with Assocham, launched its marketplace platform, TradeFinex (www.tradefinex.org ) at the 2nd Global Summit on P2P Digital Asset System Summit held in Delhi, India. As a part of this association, XinFin will extend its TradeFinex platform to Assocham's network of 300+ trade associations and 450,000 members to minimize inefficiencies in trade and finance.

    Powered by their XDC Protocol, the launch of TradeFinex platform will enable peer-to-peer contracting between financiers, suppliers and beneficiaries thereby minimizing the role played by intermediaries. The hybrid nature of XinFin's blockchain technology implements a decentralized but highly secure transaction platform that can be used with existing laws of the land and payment rails or in an approved jurisdiction using underlying XDC tokens.

    Mr. DS Rawat, Secretary General ASSOCHAM, said, "We are happy to inaugurate TradeFinex beta platform at our event. The adoption of blockchain technology in India is at a nascent stage and therefore requires an enhanced level of understanding about its applications, ethical, legal, and regulatory issues."

    Read full press release here: https://www.newswire.ca/news-releas...st-trade-organization-assocham-668782233.html

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