BIGG Digital Assets (BIGG), the owner of Blockchain Intelligence Group, a Developer of blockchain technology platform The company for analysis, compliance and forensics announced a partnership with XinFin, the developer of the enterprise-ready hybrid blockchain network XDC.
By bringing the XDC network into the compliant technology ecosystem of the Blockchain Intelligence Group, the partnership enhances the legitimacy of the XDC network in the real world. Using an on-demand compliance solution makes it easier to meet current and future regulations in the market that uses the XDC network.
Lance Morginn, President of Blockchain Intelligence Group, said: “Blockchain Intelligence Group and XinFin share the same values in terms of blockchain, transparency, and innovative real-world utility. Companies that have benefited from the adoption of monetization build a secure future. “
XDC Network + Blockchain Intelligent Group
XinFin is in use XDC network Use tokenized trade financing assets and non-fungible tokens (NFT) within the scope of supervision to promote decentralized finance (DeFi) in the real world. September 21, TradeTeq completes the world’s first non-homogeneous token (NFT) transaction based on trade finance, On the XDC network.
“The tokenized platforms running on the XDC network, especially those that support trade financial instruments, will eventually invite competition among financiers in the emerging DeFi ecosystem,” said Bill Sebell, XinFin’s North American Ecosystem Development Director. “These competitive platforms will provide SMEs with more visibility, create better project financing opportunities, and provide participants with better interest rates. In order to accelerate the adoption of this technology, our efforts to increase transparency must be in line with us Matching further innovation efforts.”
Blockchain Intelligence Group will support XDC addresses and transactions on its encrypted investigation platform QLUE. Customers will be able to use BitRank Verified to check addresses and transaction scores, logos and entities.
These developments reflect the XDC network’s efforts to increase blockchain accountability, even at the protocol level.This is recently released white paper Discussed the XDC network’s proposed upgrade to its decentralized consensus engine (XDPoS 2.0), and predicted a network with forensic capabilities, accountability, and attribution. The upgrade will create the ability to identify malicious actors with cryptographic integrity directly from the blockchain records.
This cooperation is listed as Trade Finance Distribution Initiative (TFDI)TFDI is an alliance of trade sponsors, credit insurance companies and institutional funders. Its mission is to increase the automation and transparency of trade assets and risk allocation. XDC network is the first blockchain solution to join the alliance.
Blockchain Intelligence Group