Can you tell us what are some of the major accompl... @gateio

Asked 1048 days ago
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Can you tell us what are some of the major accomplishments the XDC Network has had in the last 1-2 years?

asked 1048 days ago

1 Answers

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.
answered 1048 days ago
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Of course. The XDC Network has unique affiliations with the following global trade organizations. XDC Network was invited to become the first blockchain member (and is currently the only Layer 1 network) of the International Trade and Forfaiting Association (ITFA). It was founded in 1999 as a worldwide trade association for companies, financial institutions and intermediaries engaged in global trade, forfaiting, supply chain and receivables financing. Its members work together to originate and distribute trade-related risks. XDC Network joined the DNI Initiative in November 2021 and provides the needed blockchain structure and interoperability for financial institutions to communicate across various platforms and ecosystems. The association was formed by the ITFA, and it aims to fully digitize trade documents and negotiable instruments as well as integrate them into existing processes. XDC Network was selected in 2021 as the first blockchain ecosystem member of the Trade Finance Distribution Initiative (TFDi), a consortium of the world’s leading banks and non-bank financial institutions established by the ITFA for the purpose of liquifying trade finance. 2022 Milestones: March - the XDC Network became the first blockchain member of the Blockchain Supply Chain Association. April - one of only a handful of blockchains mentioned in a World Trade Organization feature entitled “The Promise of TradeTech: Policy approaches to harness trade digitization” April - Panama officially approved XDC, the XDC Network’s utility token, as one of only several that can be legally used in the country - including paying taxes and private transactions. July - TRADA Token launch September - XDC Network featured at ITFA Porto October - XDC Network named a Fintech Finance Award Finalist In 2022 the XDC Community created the XDC Network Improvement Proposal (XIP) process, which is focused on decentralization of the decision making around the core protocol. Throughout 2022 the XDC Network saw 525% growth in smart contract deployment, signifying continued growth in developer engagement on the network. DONE
answered 1048 days ago

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