Financing of Solar Plant using XinFin XDC Hybrid Blockchain and IoT

Discussion in 'XDC Development' started by Kavita Gupta, Oct 30, 2017.

  1. Kavita Gupta

    Kavita Gupta Active Member Staff Member

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    XinFin.org successfully demonstrated financing of a solar plant using blockchain technology. The simulation involved digitising and representing a solar plant on the blockchain. The buyer and finance entered in to a smart contract over the Blockchain and the solar plant was financed using the underlying XDC tokens. The IoT integration enabled real time monitoring and reporting of the plant performance. The IoT signal was fed to the smart contract between buyer and financier thereby triggering peer to peer wallet transfer toward repayment.

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    XinFin has developed a highly scalable secure permissioned and commercial grade hybrid Blockchain that leverages public blockchain technology while being enterprise ready. XinFin blockchain is powered by XDC01 protocol and underlying XDC tokens that can be used for real time cross border settlement.

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    XinFin is revolutionizing peer to peer trade and finance using secure and immutable Blockchain technology. XinFin’s TradeFinex.org platform helps buyers secure capital at globally competitive rates, suppliers get visibility on global customers and financiers get real time visibility on their global investments.

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    This simulation demonstrates that any projects including those of national infrastructure importance can be financed peer to peer without burdening the treasury. Demand for cross border finance can be met by greater co-operation between governments and Blockchain capital by creation of new models of investment and financing.

    Watch full video here:

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