XinFin today announced that TradeFinex 2019-ADGM, a one-day roundtable blockchain conference will be held in Abu Dhabi, UAE on June 18, 2019. Hosted at Abu Dhabi Global Market (ADGM), the event will address the use of blockchain technology to reduce the increasing global trade finance gap and infrastructure deficit. Attended by trade and infrastructure finance stakeholders, the Abu Dhabi Roundtable will act as a neutral standardization forum for trade finance digitization; building it as an asset class for greater GDP growth and accessibility to secondary markets for greater liquidity. For delegate registration and live stream virtual attendee pass to the TradeFinex 2019-ADGM event, please click here or contact us at firstname.lastname@example.org.
Abu Dhabi Global Market is an international financial center in the capital of the UAE and comprises of three independent authorities-Registration Authority, Financial Services Regulatory Authority (FSRA), and ADGM Courts. A broad-based international financial center for local, regional, and international institutions, ADGM develops and supports member institutions with the regulatory framework, legal jurisdiction, and attractive business environment for sustainable business growth. A few months ago XinFin became the official participant of Abu Dhabi Global Market Sandbox to live-test TradeFinex Platform. Read more here.
Atul Khekade, Ecosystem Development Head said, “TradeFinex 2019-ADGM will educate, inspire, and prepare trade and infrastructure finance stakeholders to be part of the transformation that blockchain technology is bringing to the world of global trade and finance. The event will address the challenges the trade finance world has been facing and how blockchain powered trade finance instruments can overcome them.”
The event will cover topics like:
a) Exploring Infrastructure As An Asset Class
The global infrastructure gap which is anticipated to reach $15 trillion by 2040 can be solved by enhancing the liquidity of the critical physical infrastructure projects through tokenization of digital infrastructure bonds as a new asset class.
b) Advances in TradeFinance, Procurement, and Technology
The existing huge trade finance gap can be reduced by bringing transparency in procurement, liquidity enhancement (through the use of right cross-border trade finance instruments), and encouraging MSME’s involvement.
c) Enabling Secondary Markets for Greater Liquidity
The digital transformation like AI, blockchain technology, and automation reduces process inefficiencies, administers standardization, and drives regulatory compliance leading to liquidity through improved accessibility to secondary markets.
d) Empowering MSME’s
Micro, Small and Medium-sized Enterprises have remained largely underserved and can be empowered by building transparency and liquidity into the system, connecting MSMEs within the trade finance ecosystem & instruments and reducing operational inefficiencies for them.
e) Data Standardization, Sharing, and Blockchain Interoperability
Building Interoperability and standardization over blockchain might increase the options for users but a fully scalable system is what trade finance world needs. The challenges that come with data standardization, sharing, and blockchain interoperability need to be addressed to achieve increased connectivity between digital assets.
To know more about the event, please visit :events.tradefinex.org
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, a dApp based on top of the XinFin Hybrid Blockchain Network, is an open standard protocol for global trade and finance aiming to mitigate counterparty risks by enabling financial instruments to be more interoperable and liquid. An Open API platform ready to connect, TradeFinex has initiated a consortium with open invitations to address peer-to-peer trade finance and asset 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 visit : tradefinex.org/publicv/consortium
Click here to join TradeFinex LinkedIn Group. Membership with invitation only.
XinFin is an open source enterprise-ready Hybrid Blockchain for Global Trade and Finance. It combines the power of Public and Private Blockchains with interoperable smart contracts. XinFin is fully EVM compatible. 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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For more information, visit: https://medium.com/xinfin/xinfin-announces-inaugural-tradefinex-2019-adgm-roundtable-conference-in-abu-dhabi-uae-dc368dcf75ff