XDC Trade Network is a complete suite of dApps on XDC Network that aims to redefine the global trade finance Industry by digitalising the entire process. Working closely with its solution eco-system partners it promises to deliver the following –
-tInteroperability of MLETR solutions
-tFunding for trade documents developed on a MLETR compliant solution
It is built by linking proven utilities such as MLETR framework, Legacy and new Payment solutions, Tokenisation, Custodian Services & other echo-system partners across the blockchain universe. Eco system components:
-tTrade asset tokenisation platform
otTokenisation greatly speeds up transactions and increases efficiency by ensuring all parts of a transaction co-occur, in atomic settlement.
otProvides control of real-world assets and the blockchain footprint by a full legally compliant process (Lock & Mint /Burn and release). This ensures that there is no “double spent” on any asset.
otKYC service providers interface for ensuring KYC/AML/CTF screening of all participants (Lenders and borrowers)
otKYT service providers interface by validating the data so that TBLM/Sanctions etc can be checked
-tTradeFineX Portal
otPlatform that provides SMEs to post their financing needs & submit bonafide supporting trade documents in a secured way
otLenders verify the borrower's credentials & documentation. Request for on-chain collateral if required to assess the creditworthiness of the borrower
-tTradeTrust Integration
otSeamless integration with TradeTrust (IMDA backed & MLETR compliant) public utility built on Open attestation framework.
otAbility to verify documents and transfer title of the assets represented by negotiable documents
otAtomic swap of funds & title ownership using smart contracts, thereby building trust without centralised control.
-tIntegration with regulated Custodian
otFund transfers happen thru custodians only
