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Interview - Sunil Senapati, Chief Operating Officer, XinFin XDC Network | XinFin.Org

About Sunil Senapati Sunil Senapati have worked for more than 2 decades with wide-ranging management and execution experience of IT/ERP/Supply Chain/Trade Finance solutions gained across sectors internationally. He held various positions and worked closely with CXO's level executives providing business transformation using technology, including the value realization and benefit one gets from the deployed technology. Sunil believes the rise of web 3.0 with the adoption of blockchain technology across various apps and sites, the 3.0 version is getting more evolved. While Web 2.0 connects people, Web 3.0 combines this data in meaning along with increasing trust. This happens because of DLT. His area of interest is Blockchain, Semantic Web, Artificial Intelligence, Trade finance digitization, and payments. Sunil invite like-minded professionals to reach out to him to work towards creating solutions that make the world a better place to live and play. LinkedIn:   / sunilsenapati   Twitter:   / sunilsenapatigo   Transcript: 0:00:04 - 0:00:09 Hi. My name is Sunil Senapati. I am working with XinFin XDC Network. 0:00:10 - 0:00:18 XinFin is a Singapore started Layer 1 blockchain network, which primarily focuses on supporting large Enterprise Grade Application. 0:00:19 - 0:00:40 I bring in 20 plus years of technology and five years of Trade Finance experience. I see Trade Finance space is grossly under digitized and now industry has come to realize the need for immediate digitization. We feel the adoption will increase when technology can give something tangible to promote trade. 0:00:40 - 0:00:58 Lack of liquidity for SMEs, which runs into trillions of dollars seems to be a long time problem. These SMEs shipment documents are easily and securely transferable by way of blockchain technology and provide access to a wider pool of investors. 0:00:58 - 0:01:23 Blockchain technology has the potential to tokenize these real world assets, allowing investors to diversify their portfolios, minimize risk and create liquidity through automated processes. As a result, investment transactions are generally completed faster at a lower cost to the parties involved, facilitating high returns for the investors. 0:01:23 - 0:01:37 Tokenization also provides a whole stuff of other benefits, such as real time capitalization, improved accessibility and greater transparency, and reducing scope for any fraud. 0:01:38 - 0:01:58 We are going to utilize IOT for real time cargo movement data oracles from various sources to confirm ESG, ship movement, sanction information, etc… Smart contract technology to automate Trade Finance processes and faster payment settlement through our partner network solution in a seamless manner. 0:01:58 - 0:02:19 To achieve this, we are working with various government bodies, financial institutions, corporates,logistics companies, various trade bodies, and standard organizations in building solutions for the Trade Finance industry along with our partners. A lot of work is already done. We are progressing quite fast here. 0:02:19 - 0:02:30 We encourage anyone to join us in this space. As we see, this is going to change the way we trade in this 22 trillion market and Everybody is going to be a winner here. About XinFin XDC Network: The XinFin XDC Network is an open-source, carbon-neutral, enterprise-grade, EVM-compatible, Layer 1 blockchain that has been operationally successful since 2019. The network obtains consensus via a specially delegated proof-of-stake (XDPoS) technique that allows for 2-second transaction times, near-zero gas expenses ($0.0001), over 2000 TPS, and interoperability with ISO 20022 financial messaging standards. The XDC Network powers a wide range of novel blockchain use cases that are secure, scalable, and highly efficient. Find more information about XinFin XDC Network by visiting our website XinFin.org Follow XinFin on our Social Media: Twitter ||   / xinfin_official   Telegram || https://t.me/xinfin LinkedIn ||   / xinfin   Reddit ||   / xinfin   Facebook ||   / xinfinhybridblockchain   Forum || https://www.xdc.dev/