XinFin Becomes A Part Of R3 Showcase Webinar
Joseph Appalsamy and Atul Khekade from XinFin discussed largely around bond tokenization using blockchain based platform MyContract and AI and R3 Corda Relay Bridge.
- (1888PressRelease) April 30, 2019 - XinFin, an R3 Corda partner participated at a webinar hosted by Corda. Joseph Appalsamy and Atul Khekade from XinFin discussed largely around bond tokenization and bond standardization using XinFin blockchain platform and application like MyContract and AI and R3 Corda Relay Bridge. Bob Velez from AiX (XinFin Partner), Jeff Cooperstein, R3 Director, Gavin Thomas from Corda, LuRae Lumpkin, Jack Malinowski & Kamil Podgajniak from Blockchain 4 Media, and Katie Escoto from Latest Training News were other participants at the webinar.
To tune into the R3 Showcase Webinar, please click Visit: r3.webex.com/r3/lsr.php?RCID=ff8e4c0baf8a826e873daa87418f052f
Joseph started off by discussing how XinFin has developed an R3 Corda relay bridge between Corda Private Network and XinFin Public Network. This will enable financial institutions using R3 Corda to run distributed applications on a combination of private and public (Hybrid) blockchain architecture in a sandbox environment. The bridge will create the ability to relay a limited set of data and transactions from privacy channels to the public network. Applications already deployed on the R3 Corda marketplace will be able to connect seamlessly to XinFin’s Public Network.
Read more about XinFin-R3 Corda partnership Visit: medium.com/xinfin/xinfin-partners-with-r3-corda-a-consortium-blockchain-platform-with-over-200-financial-797b8bea457d
Joseph Appalsamy, Head of Business Development, XinFin said, “XinFin team has been continuously working with R3 and to deploy R3 Corda bridge, XinFin development team has created a TestNet version of the digital bond which is currently live on TradeFinex website.”
Joseph presented the digital bond creation demo and discussed how entities can mitigate counter-party risks by making their digital bonds liquid and interoperable. Based on XinFin Hybrid Blockchain, TradeFinex will simplify and streamline the entire corporate bond lifecycle. TradeFinex will create a global bond standard by connecting traditional bond market with digital bond technology. Built-in KYC/AML regulations and standard features like profile creation for both organization and individual; makes TradeFinex, a real-life bond creation, and exchange platform.
While TradeFinex will avoid the risk of a single point of failure, it will enable the seamless creation, management, and liquidation of bond instruments resulting in hassle-free automatic, instant, and efficient bond settlement. Another benefit that comes coupled with it is the enhancement of secondary market liquidity by bringing brokers, dealers, and licensed entities on one single platform.
Interested institutions looking to conduct a PoC, please click Visit: tradefinex.org/publicv/bond_create.
Explore more about Digital Bonds Visit: tradefinex.org/publicv/digital_bond.
Atul Khekade, Co-Founder of XinFin and TradeFinex said, “MyContractbasically gives enterprises interoperability between their legacy financial messaging and they are able to map the same kind of specifications on the smart contract. So, basically for the bond instrument, XinFin uses the ISO20022 standard security message as a reference data and hash it on the bond details. Therefore, this tool can be listed in multiple secondary markets for greater access to liquidity.”
Watch video: youtube.com/watch?v=thR-pTpF7Sw&t=67s to learn how to generate a smart contract using MyContract.
Bob Velez, Head of Business Development Sales, AiX said, “In this venture with XinFin and R3, AiX will be the trading platform for the digital bonds. AiX will be the platform for both the issuance of the bonds and the secondary trading of bonds. Additionally, AiX will be the leading syndicate of investors, investment firms, market-makers, hedge funds for secondary markets.”
Read more about XinFin-AiX partnership visit: medium.com/xinfin/xinfin-partners-with-aix-a-leading-ai-trading-platform-backed-by-major-regulated-financial-c670ef1eba87
XinFin Hybrid Blockchain Network employs Delegated Proof of Stake (DPoS) Consensus which brings singularity of validator nodes (full nodes) into the picture, making the whole network more democratic, more trustworthy, more stable, and more self-sustainable. Masternodes are benefitted in the form of reputation building, enhanced reliability, increased incentive gains, and capability to deploy their own dApp/use case on the network. Interested Institutions looking to setup KYC-enforced XinFin(TestNet) Masternodes, please visit : xinfin.org/setup-masternode.php
TradeFinex is an open standard protocol for global trade and finance which reduces counterparty risks for institutions by making financial instruments more interoperable and liquid. TradeFinex is an Open API platform and has also initiated a consortium with open invitations to address peer-to-peer trade finance and tokenization of real-world assets. TradeFinex invites Global Public Investors (GPIs), regulators, fintech companies, and financial & government institutions for the same.
To be a part of this change as a Consortium founding member, please click Visit: tradefinex.org/publicv/consortium
Visit: linkedin.com/groups/10436249/ to join TradeFinex LinkedIn Group. Membership with invitation only.
About TradeFinex
TradeFinex is an open standard platform for global trade and finance built on an interoperable XDC protocol. TradeFinex helps financial institutions achieve liquidity and interoperability of financial instruments which also results in reducing counter-party risks. For more information on TradeFinex, please visit tradefinex.org/
About XinFin
XinFin is an open source enterprise-ready hybrid blockchain for global trade and finance. Combining the power of public and private blockchain and interoperable smart contracts, XinFin utility network allows enterprises to deploy real-world applications over XDC protocol in a conducive, compliant, and regulatory-friendly environment for diverse use cases. The interoperable hybrid blockchain protocol and ISO20022-compatible messaging standard enable XinFin Network to connect with both legacy and other blockchain platforms. For more information on XinFin, please visit xinfin.org or learn more about XinFin in this video youtube.com/watch?v=K-tHZkV6zAs
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Twitter: ( @ ) XinFin_Official
LinkedIn: linkedin.com/company/xinfin/
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