Cloudibn News

Be updated with Technology

  • BIG Data & Analytics
  • CLOUD
  • Data Center
  • IOT
  • Machine Learning & AI
  • SECURITY
  • Blockchain
  • Virtualization
You are here: Home / IOT / XinFin Launches Enterprise-Grade Blockchain Platform

XinFin Launches Enterprise-Grade Blockchain Platform

December 5, 2017 by cbn Leave a Comment

XinFin is working on a hybrid blockchain with a focus on making security more robust. According to XinFin CTO Karan Bhardwaj, the transparency of the blockchain technology can also be used negatively to compromise the security of transactions. The hybrid blockchain would be known as XDC blockchain and would be highly useful for enterprise users as well. The blockchain would have two models – one that is public and another private.

With the value of Bitcoin increasing by the day, companies have been paying a lot more attention to the technology behind Bitcoin which is the blockchain. Many of the investors actually consider Bitcoin as a lucrative investment even now. However, the real benefit of Bitcoin is the blockchain technology on which, the cryptocurrency works. Many companies are trying to leverage the power of the blockchain to strengthen their financial systems and to conduct the financial transactions more easily.

XinFin claims that with the help of their hybrid model, most enterprises would be able to conduct their transactions privately while the information can be verified by a record in the public state of the blockchain.

This customization option would provide the enterprises an easy solution to use the blockchain technology without compromising on the safety or privacy of their business. This would certainly increase the usage of the blockchain technology in the real world. The company is aiming to use this hybrid blockchain technology in a variety of different industrial applications. The company is trying to tap into the energy sector as well as financial markets with this hybrid blockchain technology in order to gain more clients. The company is also of the opinion that the hybrid blockchain platform can be easily integrated with the Internet of Things (IoT) devices as well. Thus, the number of applications which are available for this hybrid blockchain technology are plenty. It remains to be seen how many of these applications the company is actually able to tap.

XinFin is that their enterprise model, which the company is advertising as a hybrid security model, allowing the users to verify transactions without compromising the privacy of the parties involved, would attract more enterprises as it would ensure that the businesses are able to use the blockchain technology without any worry of the transactions getting tracked by their competitors. This would, in turn, help businesses adopt blockchain technology to conduct the financial transactions as well as to deal with multiple vendors. Currently, the company is exploring different applications which it can build based on their hybrid technology platform.

Omer Onder – Social Media Editor
Digital media expert with 5 years journalism experience. A professional member of ‘Canadian Journalists for Free Expression (CJFE)’.

twitter.com/OmerOnderEng

instagram.com/omeronder

Facebook/omeronder

omer@smartereum.com

Share on FacebookShare on TwitterShare on LinkedinShare on Pinterest

Filed Under: IOT

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Archives

  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • May 2015

Recent Posts

  • Tigera’s Calico Cloud Now Available in AWS Marketplace
  • Key metrics to consider when assessing the performance of your VDI/ DaaS environment
  • insightsoftware Acquires Izenda, Diving Deeper into Embedded Analytics
  • Kaspersky Cited as a “Vendor to Watch” for Software-Defined Vehicles
  • The Secret IR Insider’s Diary – from Sunburst to DarkSide

Recent Comments

  • +905443535397 on Announcing Cognitive Search: Azure Search + cognitive capabilities

Categories

  • Artificial intelligence
  • BIG Data & Analytics
  • BlockChain
  • CLOUD
  • Data Center
  • IOT
  • Machine Learning
  • SECURITY
  • Storage
  • Uncategorized
  • Virtualization

Categories

  • Artificial intelligence (51)
  • BIG Data & Analytics (33)
  • BlockChain (331)
  • CLOUD (1,742)
  • Data Center (10)
  • IOT (2,091)
  • Machine Learning (149)
  • SECURITY (425)
  • Storage (25)
  • Uncategorized (63)
  • Virtualization (923)

Subscribe Our Newsletter

0% Complete

Copyright © 2021 · News Pro Theme on Genesis Framework · WordPress · Log in