Capabilities of XinFin to support numerous UseCases.

The blockchain technology has been one of the most amazing technology of our current time and have quite a very great number of enthusiasts. This was made possible with very serious investors who have very strong beliefs about its various use cases. The problem currently is most of our existing blockchain projects have little or minimal usecase and that has always been a buzzkill. This brings us to a project that have very strong fundamentals as well as use cases that will bring about the next bull run in cryptocurrency and this project is called the XinFin. It has numerous use cases that gives it so much potentials to stand with various giants in the crypto such as Ripple XRP, Civic CVC, GOLEM GNT, and many others. Here is a few examples of some of reasons why XinFin has the potential to be used for various usecase and they include;

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Financial transactions and Trading

One of the major fundamentals of the blockchain technology is its ability to be used for financial transactions by both users and enterprises. This was made possible through the Tradefinex platform that is being powered by the XDC Protocol to enable the peer to peer transactions between financial organizations, users and beneficiaries. This will bring about a low cost financing to its users such as the individuals, corporations, financial institutions, government as well as regulators. This will being about a new method of financing various projects.

Analyzing and Streamlining Supply chains

The blockchain technology has been successfully used in supply chain management and its has increased data security, transparency as well as the reduction of incidences of fraud. That way, one can be assured that he or she can track a product from its origin all the way to its last destination. The XinFin platform in collaboration with the Ramco Systems has built breakthrough hybrid blockchain solutions that integrates both the public blockchain and the private networks to provide a very secured and tamper proof transactions for its use in the aviation,logistics and the human resources sector.

Creation of dApps

Another major use case of the regular blockchain technology is the ability to create decentralized applications on it and its mostly peculiar to the Ethereum blockchain. The XinFin bring about the creation of dApps on its blockchain and it's much more efficient than most of the current blockchain models as it's much more cheaper, effective and swift to create dApps on it. The XDC tokens will be a settlement mechanisms for various dApps created on this hybrid blockchain. The first dApp to be created on this hybrid blockchain is the Tradefinex platform.

Identity Management

One of the greatest features of the blockchain technology is its ability to manage identity as its stored on a public ledger and cannot be altered. The XinFin perfected this with its collaboration with the R3 Corda blockchain platform for the integration of dApps and brings about the Know Your Customer (KYC) and the Anti-Money Laundering (AML) capabilities to maintain a very high level of security during various financial trades and transactions. This will enable its mass adoption by various institutions.

Immersive and Great Scalability

Scalability of the blockchain is very important as it allows for the optimal usage of the blockchain technology to enable its integration for numerous usecase. XinFin has a very scalable blockchain that will ensure the smooth and optimal usage by any integrated platform with an improved security within a decentralized space. This has been proven by its partnerships with various corporations such as Ramco and Obirum as their business efficiency has been boosted.

These are various reasons why the XinFin is one of the project that has a very vast potential to be one of the top coins with numerous usecase thereby giving it value.

For more information on this amazing project, please visit any of the following links

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Author - hamzeto
Email - hamzeto@gmail.com
Eth Address - 0x416fC645dEF6E205bfAcBb39631e7AB09CD30A1f