XinFin Initiates IoT Projects That Will Follow Regulatory Standards for its Upcoming ICO

XinFin.org has recently completed their Africa awareness program across three nations on the continent, and has kicked off several IoT projects in Asia. The organization also plans to follow regulatory standards for it’s upcoming ICO.

XinFin.org recently completed it’s platform awareness drive across three nations in Africa. Awareness drives included engaging with business community as well as Government officials. Botswana program was held from 28th June till 5th July in Botswana. Zambia program was held from 18th to 23rd July and Kenya program was held from 31st July till 1st August.

The awareness drive included introduction to XinFin’s upcoming tradefinex platform that brings buyers, sellers and financiers on a single platform powered by the XinFin XDC tokens. TradeFinex platform is especially designed for businesses with fundamental business value without existing credit ratings that enables trade and finance using the XinFin platform.

Afrikanus Kofi Akosah Adusei, Africa Community Manager addressing the business community Stated: “Infrastructure deficit in Africa is over 90 Billion dollars annually and it has a lot to do with inefficiencies in trade and finance practices. Also the fact that global trade and financing is still a loosely connected process tied to several risks. XinFin’s XDC token is a community driven digital asset designed to hedge risks in global trade and finance. Our upcoming TradeFinex platform will see a great participation from businesses in Africa.”

“XinFin has initiated a series of IoT projects across Asia in India and Singapore. Projects in India include a IoT enabled solar power plant that uses smart contracts on the XinFin XDC platform to trade generated energy back to the grid. The Solar project once complete, is massively scalable and will be showcased to countries across the world for a one stop smart-metering, transacting and financing mechanism. Other projects include IoT enabled transactions for the waste handler machine.” said Alex Mathbeck, Head of Marketing of XinFin.org

“We wish to make XinFin a fundamentally driven business platform that enhances in value and has real products to offer around the time of it’s ICO which will be announced in a short while. The ICO proceeds will go into execution of real projects that have tangible value in the world. We also wish to inform that XinFin will comply with recent regulatory announcements around ICOs” added Mr. Alex Mathbeck.

“XinFin platform is open to early backers before the ICO and will continue to develop strong underlying blockchain platform along with pilot projects that can rapidly scaled up and implemented in real world along the regulatory standards.”

XinFin.org ewallet is available on: https://ewallet.xinfin.org

Disclaimer: This is a sponsored press release and does not necessarily reflect the opinions of any The Merkle employees. This is not investment or trading advice, always do your own independent research.


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