Underdeveloped and developing countries lack infrastructures and basic infrastructure from their government. These countries struggle to meet this need. Governments in these countries can't afford these infrastructures due to fiscal budgets.
Global infrastructure deficit is currently $5 trillion. Governments around the world are finding it difficult to finance this deficit.
This is why XinFin was created. XinFin is a Singapore based company designed to address the problems in trade and finance by leveraging on blockchain technology.
XinFin network is designed to mitigate global infrastructure deficit by making peer-2-peer financing between corporations, government, buyers and suppliers. XinFin cuts unnecessary intermediaries and makes efficient use of capital for the deployment of projects without burdening the government treasury.
It also gives financiers real-time visibility of their investment through the use of digitalization and IOT integration.
Through TradeFinex, XinFin enables buyers, sellers and financiers to finance and trade projects that government and banking institution lack the capacity to take up. Projects of criteria importance, public infrastructure projects that need to be undertaken for the economic wellbeing of citizens.
XinFin marketplace is powered by blockchain technology and it enables users to execute all four phase of contracting life cycle which includes discovery, negotiation, contracting and execution. TradeFinex will only undertake projects of national infrastructure importance backed by government security.
XinFin is mainly targeting Asia Pacific, Africa and other countries where access to low-cost capital is usually a challenge.
CONCLUSION: XinFin is by far the blockchain based startup with the greatest impact. XinFin is impacting humanity is a positive way. Through XinFin importance infrastructural projects like electricity, water supply can be carried out. XinFin digital token is the currency of the platform. It's used for the settlement of fees and financing of projects on the platform.
Websites: https://www.xinfin.io/ andhttps://www.xinfin.org/
Twitter:https://twitter.com/XinFin_Official
YouTube: https://www.youtube.com/channel/UCQaL6FixEQ80RJC0B2egX6g
Telegram: https://t.me/xinfin
Author : kessiena
Gmail: [email protected]
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