【Self-Introduction】 What is XDC Network?

Hello everyone. I'm Chihiro Kato from SBI XDC Network APAC.

In order to let everyone know more about the global activities of XDC Network, I would like to disseminate information on this "note" account, so please follow this account.  

Since I have not yet introduced myself, I would like to start this blog with brief explanation of XDC Network outline and the role that our company, SBI XDC Network APAC, plays in this post.

Overview of XDC Network

XDC Network is a Layer1 public blockchain platform that combines high speed, high performance, low cost, and high security, and is designed for business environments and enterprises, such as trade finance and overseas remittances. It also issues a native token (cryptocurrency) called XDC, and by combining blockchain technology and cryptographic asset technology, it provides an ecosystem that can keep transaction records, exchange data, and transfer assets more efficiently and safely. This allows us to promote smooth infrastructure development and financial transactions and contribute to economic progress and prosperity on a global scale. In addition, we also provide opportunities for corporations and individuals to circulate XDC tokens, providing opportunities to participate in the mission of XDC Network and invest in trade finance.

Technical Features of XDC Network

• Hybrid Blockchain The first feature is a hybrid blockchain platform that combines the transparency of public blockchains and the speed and security of private networks. This allows users to conduct fast and smooth transactions without compromising security.

• Smart Contracts The second feature is that it is a Layer1 blockchain compatible with the Ethereum Virtual Machine (EVM). Smart contracts and decentralized applications that run on the EVM can operate seamlessly on the XDC Network, enabling automated contracts and transactions.

• ISO20022 Compliant Overseas Remittance System Currently, financial institutions around the world are required to fully transition to the new format, International Standard ISO20022, by November 2025, for the foreign remittance format (SWIFT) used. XDC Network already complies with this ISO20022 and is working to improve the efficiency of trade finance and overseas remittances.

• DPoS Consensus Mechanism XDC Network adopts the Distributed Proof of Stake (DPoS) as its consensus mechanism. In DPoS, a select few nodes generate blocks, making the processing speed faster and providing resistance to external attacks.

Use Cases of XDC Network

How can the XDC Network, with its technical features as above, be utilized and how can it contribute to society? I would like to explain this in detail in future posts, but the main focus areas at the moment are mainly the following two points.

• RWA Tokenization By dividing real-world assets (RWAs) such as bonds and private equity on the blockchain, global access is possible and new investment opportunities are created by increasing liquidity. XDC Network is working on the tokenization of a portion of US Treasury bonds and venture capital funds and is aiming to enter the potential market of 5 trillion dollars.

• Efficiency Improvement of Trade Finance By using blockchain technology to digitize trade documents such as bills of lading and tokenize trade assets, the time for various trade procedures can be shortened. By providing settlement services as trade finance in place of credit transactions that financial institutions have been providing, we are challenging the reduction of the trade finance supply-demand gap, which is said to be about 2 trillion yen.

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Role of SBI XDC Network APAC

SBI XDC Network APAC is a J/V established in partnership with the SBI Group to deploy the innovative solutions provided by XDC Network in the APAC region.
Within the globally active XDC Network, the role that SBI XDC Network APAC should play is mainly divided into the following three.

• Expansion of Usage of Public Chain XDC Network We will collaborate and support companies and organizations that aim to develop Layer 2 products on the XDC Network and aim to further expand the use cases of XDC Network. In the future, we will gradually build support systems in various languages, including Japanese.

• Expansion of Collaboration for Efficiency Improvement in Trade Finance In collaboration with XDC Trade Network, a company that provides trade document digitization solutions (Headquarter in Singapore), we will expand our collaboration with solution users and companies and organizations related to world trade, utilizing the global network of the SBI Group.

• Promotion and Encouragement of XDC Recognition and Use Through events in Japan and the APAC region, we will increase the recognition of XDC and further promote the use of XDC through support for crypto asset exchanges that are considering handling XDC for the first time.

To summarize briefly, we are a working force and PR team aiming for social implementation of XDC Network. To start with, we would like to continue delivering information on this note to increase recognition of XDC, so thank you for your cooperation.

Preview of Next Chapter

Focusing on trade finance, which is a feature of XDC Network, we would like to serialize in a column format over several series our group's efforts and industry trends towards efficiency improvement in trade finance, so please look forward to it.