XDC Network Targets Trade Finance with Blockchain Solutions

XDC Network is focusing on transforming the trade finance sector using blockchain technology, according to BeInCrypto. Travis John, Head of Institutional DeFi at XDC Network, highlighted the inefficiencies in the current global trade system, which relies on fragmented records and slow processes. He emphasized the potential of blockchain to provide a unified record layer, improving transparency and reducing costs. The trade finance industry, valued at approximately $15 trillion, faces a $2.5 trillion financing gap. XDC aims to address this by integrating stablecoins for faster, cheaper transactions.