As the XDC Network sees adoption through many diverse integrat | XinFin Updates [XDC]

As the XDC Network sees adoption through many diverse integrations, it’s important that we continue to participate in ecosystems that share a vested interest in shaping the future of the trade finance sector. For this reason we are honored to be named to the TFDI.

Chris Southworth, Secretary General, ICC United Kingdom
who is an observer on TFD Initiative said: “Trade finance is a compelling asset class for institutional investors. Making trade finance more accessible for non-bank investors is of paramount importance…. if we are going to drive the economic recovery from Covid and fill the USD 3-5 trillion SME trade finance gap. Innovative technology driven solutions like the TFD Initiative are a critical part of the solution to providing more liquidity into the market.”

We are also proud to hear that Sarah Green of the Law Commission of England and Wales recognizes the power of the these emerging technologies: “distributed ledgers are being promoted as a way to create smart contracts: computer programs which run automatically, in whole or in part, without the need for human intervention. To ensure that the jurisdiction of England and Wales remains a competitive choice for business, there is a compelling case for reviewing the current legal framework in England and Wales to ensure that it facilitates the use of smart contracts.”

We move forward with an emphasis on real-world utility, longevity, and long-term adoption.