XDC Network (XDC)

Trade Finance

XDC Network is used to automate and speed up trade finance processes. It helps reduce delays and costs by using smart contracts to handle transactions and agreements securely and quickly.

Real-World Asset Tokenization

It allows businesses to turn real-world assets like property, invoices, or commodities into digital tokens. This makes it easier to trade, track, and manage these assets on the blockchain.

Enterprise Blockchain Applications

XDC Network supports private and public blockchain features, making it ideal for companies and governments that need fast, secure, and transparent systems with controlled access to sensitive data.

Payments and Settlements

The network enables near-instant, low-cost cross-border payments and settlements, improving efficiency for international trade and finance.

Decentralized Finance (DeFi)

XDC Network supports building decentralized apps (dApps) that offer financial services without traditional intermediaries, helping businesses and developers create new financial products.

Interoperability and Integration

It can connect with other blockchains and legacy systems, allowing smooth data and asset transfers across different platforms.

For more details, visit the official website: xdcnetwork.org

Pros

• The network is fully democratized with a delegated proof-of-stake (XDPoS) consensus, allowing fast and scalable transactions.
• It supports interoperable smart contracts and decentralized apps (dApps), making it versatile for trade finance and asset tokenization.
• Transactions are very fast, finalizing in about 2 seconds, with extremely low fees.
• Energy efficient compared to proof-of-work blockchains.
• Hybrid blockchain design combines public transparency with private security, suitable for enterprise use.
• Strong ecosystem with integrations for real-world assets and compliance features like KYC.
• High throughput, capable of processing over 2,000 transactions per second.

Cons

• Becoming a validator requires locking a large amount of tokens (millions of XDC), which can be a high barrier.
• Some concerns about centralization due to validator requirements and network structure.
• Faces competition from other enterprise-focused blockchains.
• Adoption depends on businesses integrating the network into their systems.
• Regulatory compliance features may add complexity for some developers.

Founders

XDC Network was founded by Atul Khekade and Ritesh Kakkad. They have strong backgrounds in technology, finance, and business. Another key early contributor is Peter Yeo.

Background

Atul Khekade previously co-founded an airline chartering company and has been involved in blockchain development. Ritesh Kakkad has experience in cloud hosting and web infrastructure. Together, they launched XDC Network through their company XinFin in 2017.

Key Investors in XDC Network

• GTR Ventures: A venture capital firm investing in blockchain and fintech projects.
• LDA Capital: An investment firm backing blockchain and digital asset ventures.
• Universal Capital: Another investor supporting the growth of XDC Network.
• XVC Tech: The venture capital arm of XDC Network itself, investing in related digital asset funds and infrastructure.

These investors have contributed to XDC Network's funding rounds, helping it raise over $35 million to support its development and expansion.

Halal Status

Yes, XDC Network is considered halal. It has been evaluated by Islamic finance platforms and certified by the Shariyah Review Bureau (SRB) in Bahrain, confirming it follows Shariah guidelines.