Thread by @UtilityTheory

Wow!

China systems integrated its solution with @EnigioTime and Enigio's DLT based solution uses $XDC for the underlying technology for securely transferring digital documents originals.

Let's take a dive in the connections 👇

#blockchain #information

https://twitter.com/AndreCasterman/status/1450874802584104961

Currently, the legacy banking system has major problems with moving original trade documents. They mostly deal with paper and have to store copies.

Enigio acts as a digital notarization service for verifying the documents.

Reducing the need for a paper system.

#banking #SDGs

Paper invoicing in global trade between SMEs also creates a lot of headaches and friction.

It creates a very slow verification process that's hard to keep track of.

Enigio & $XDC Network can solve this

By digitalizing each invoice on a decentralized platform easy to access

This tech stack provides a decentralized transfer model, that settles for fraction of a penny and instantly and is tracked an immutable ledger for life.

$XDC is the underlining infrastructure that Enigio is built upon.

#fintech #global #finance #blockchain

If you didn't know there's a shipping crisis going on in the world right now

What if the paper is a part of the causes of the backlog?

The time it takes to verify paper is slow compared to just scanning a QR code that takes you to the digital version of the trade document.

Who are some of the companies building this infrastructure globally?

A couple..
@iccwbo
@ITFAworldwide
@UNCTAD_TLB

This is a network of networks creating a standard for global trade between banks & SMEs

#fintech #SDGs #TFD #Tradefinance #trade #supplychain #revolution

I hope you enjoyed some of the information I have researched and put together for my fellow citizens of the globe.

I am trying to share knowledge with you since I know mainstream media doesn't talk about this

Let me know what you think!

RT if you found something interesting

Not financial advice, but blockchain education for the citizens of earth to see.

If you haven't heard of $XDC and want to read some information on it.

I wrote a thread of some of the connections I've seen.👇

https://twitter.com/UtilityTheory/status/1440880428085243904?s=20

Cheers to all you Citizens of the Future!

If your new to the blockchain ecosystem and want quality opinions.

Some of my favourite researchers that have inspired me to dig deeper in my own research are:

@X__Anderson
@cryptokj2
@DreadBong0
@CoinClubQuincy
@darrinlewisjr
@Fame21Moore
@CryptoSeq
@XRP_OWL
@WBlueu

Really Weird 👀
This was just released today:
The world’s largest economies could increase the flow of international trade by as much as nine trillion US dollars (£6.6 trillion) by 2026 if they shift to using digital trade documents, a report suggests.
independent.co.uk/business/digit…