5 use cases of XinFin (XDCE) that will send it to the moon
XinFin (XDCE): The next crypto bull run will be driven by products that have strong use cases in the real world. That’s because the speculative wave that was driven by retail investors is losing steam as the bear market continues to bite.
At the moment, it is institutional investors that look set to drive the market. Unlike retail investors, institutional players are usually defined as smart money, and they only invest in projects that have strong fundamentals. That’s why XinFin (XDCE) is one of the projects that will drive the next rally. Its use case is so strong that it stands at the same levels as some of the best known cryptos in the market, such as Ripple (XRP) and Stellar (XLM). Just to give you an idea of how strong XinFin is, here are 5 of its strongest use cases that will help push it to the moon in the near future.
It is being used in streamlining supply chains
One of the biggest use cases of blockchain technology is in supply chain management. That’s especially on the aspect of counterfeits in global supply. Through blockchain technology, it is possible to track a product from its point of origin all through to its final destination. XinFin is one of the few blockchain platforms that have perfected this tech. An example of this is their partnership with Ramco. Ramco has partnered with XinFin and is using XinFin’s hybrid blockchain in connecting their global network in a highly secure network. What makes this partnership unique is the fact that unlike public blockchains, the supply chain is streamlined in an environment where Ramco’s critical information is not revealed on the public ledger.
Trade and financing
One of the biggest use cases of blockchain technology is in facilitating financing for both corporation and governments. At the moment, if a government wants to raise money it can only do so through domestic borrowing or through expensive loans. XinFin is changing this through the TradeFinex exchange. Through this exchange, a government can raise financing through a peer-to-peer mechanism that is cheap and easily accessible. As more governments and corporations take up this mode of financing, XinFin (XDCE) will gain a strong intrinsic value that is unprecedented by any other blockchain project in the market today.
It is a perfect Dapps platform
Blockchains like Ethereum have become so popular because they offer a platform to create decentralized applications. XinFin is designed for this function too, but is way better than Ethereum and many other platform blockchains in the market today. That’s because it is faster, cheaper and more efficient than other platform blockchain in the market today.
Fortifying identity management
Identity management is one of the strengths of blockchain technology. That’s because it allows a person’s identity to be stored on a public ledger, and this information cannot be altered. XinFin is one of the best on this front. It not only allows for identity to be stored on the blockchain, but also ensures that it is done without exposing the identities of the transacting parties. This makes it prime for adoption by corporations.
Improving business efficiency
The XinFin blockchain is one of the most scalable blockchains in the market today. This means that any business that adopts it can expect it perform optimally, while at the same time offering all the benefits of blockchain technology including security in a decentralized environment. XinFin has already been adopted by several major corporations including Ramco, and Obirum, two world-class corporations, in improving business efficiency.
These are strong fundamental factors that will add to Xin Fin’s intrinsic value in the future. Time to stock up.