Blockchain technology company XMBC has unveiled its project to optimize contract technology with the application of “China Carbon Chain TCC” and officially launch blockchain products that are based on smart contracts and integrated with Internet finance.
The project is aimed at solving the financing difficulties for small and medium-sized enterprises. It was announced at the Russian Summit, he largest blockchain summit in the world.
At the summit, Mr. Xiong, XMBC Chief Executive Officer, discussed Internet Finance and Blockchain Integration Project while sharing the XMBC project with the audience.
XMBC's parent company focuses on corporate financing. Financing is actually not new. However, the informal operation of traditional financial institutions has disrupted the market. In business, the trust crisis of both parties is frequently challenged, which in turn leads to a huge “credit cost.” Because of this mistrust, it is difficult to achieve a real-time transaction closing.
To solve the problem of trust mechanism in the payment process, XMBC registered a foundation in Singapore, and with the application of “Carbon Chain TCC”, it designed a supply chain financial digital asset product based on smart contracts.
Dedicated to inclusive finance, XMBC bears unique insights into the use of blockchains in the payment field and has its own technological advantages. The blockchain technology platform of XMBC with layered design adopts a series of technical security system construction, which can ensure the isolation between the application and the core platform. The platform is self-optimizing and provides highly adapted API to ensure the maximum security of platform financial transactions.
How XMBC's Application Will Be Applied
XMBC's application scenarios includes digital asset trading, smart contracts, Internet of Things, supply chain finance, and new retail payment systems. The goal of XMBC is to provide holders with a secure blockchain finance and supply chain venture capital platform.
XMBC will be applied in the “Chuangmeng Mall” payment system soon. At present, many cooperative alliance merchants have been finalized. XMBC's main chain, under independent R&D and with multiple innovations, will be formally launched in July. Currently, the block test has been completed and the smart contract compilation of the multi-scene Token is coming to an end.
It is planned to land on HitBTC, YoBit, CEX.IO and other internationally renowned Exchanges at the end of this September. Also, it is preparing to land on Binance, Huobi, ZB and other Exchanges to vote for listing transactions. As the main chain goes online and lands on a series of Exchanges, the XMBC story will open a new chapter.
About The Global Blockchain Summit
The 2018 Global Blockchain Summit – Russian was launched at the GUM Center, No. 3 Red Square, Moscow. The summit, sponsored by Chinese state-owned enterprises including Wanbo and CRRC Corporation Limited (CRRC) and co-sponsored by multiple institutions, such as Perched Holding Limited Company, has attracted tens of thousands of people to participate. Russian high-level government officials, officials from Chinese Embassy in Russia, famous investment agencies and the world's top geeks all have come and addressed at the summit. More than 500 media around the world have made bombarded reports on the event.