Xinfin’s TradeFinex dApp to remove barriers to applying for trade finance

It is estimated by the Asian Development Bank that the gap in trade finance currently sits at US$1.5tn and according to the World Economic Forum there is potential for it to grow to US$2.5tn by 2025.  Developing countries and small businesses are affected the most by this widening gap as alternatives to bank financing are limited.  Governments, enterprises and corporates are looking to the digitization of trade assets to help solve this gap and Xinfin’s Hybrid Blockchain is aiming to be part of the solution.