The XDC Network has achieved a great deal in the last 1-2 years, with a number of major accomplishments. In 2021, XDC Network joined the International Trade and Forfaiting Association (ITFA) as the first blockchain member, as well as the DNI Initiative, providing the needed blockchain structure and interoperability for financial institutions to communicate across various platforms and ecosystems. Additionally, XDC Network was selected as the first blockchain ecosystem member of the Trade Finance Distribution Initiative (TFDi).
In 2022, XDC Network was approved by Panama as one of only a few blockchains that can be used for private transactions and paying taxes. The XDC Community also created the XDC Network Improvement Proposal (XIP) process, which is focused on decentralizing decision making around the core protocol. The XDC Network also saw a 525% growth in smart contract deployment, signifying continued growth in developer engagement on the network.
In addition, the XDC Network launched the TRADA Token in July of 2022 and was featured at the ITFA Porto in September. The XDC Network was also named a Fintech Finance Award Finalist in October of 2022.
These accomplishments demonstrate the XDC Network's commitment to providing a secure, reliable, and interoperable blockchain platform for global trade and financial services.