The enterprise adoption of blockchain engineering is an important long-term goal of the cryptocurrency community considering the integration of digital currencies with daily business concern activities will bring new users into the ecosystem and provide a boost to on-chain activity.

Ane protocol that has been gaining traction on the enterprise adoption front is XinFin Network, an enterprise-ready hybrid blockchain solution specifically designed to optimize international trade and finance.

Data from Cointelegraph Markets Pro and TradingView shows that later hit a low of $0.0673 on July 20, the cost of the XinFin Digital Contract (XDC) token rallied 190% to found a new all-fourth dimension high at $0.1952 on Aug. 21.

XDC/USDT 4-hour chart. Source: TradingView

3 reasons for the growing momentum behind XinFin are the addition of the XDC Network to the global Trade Finance Distribution (TFD) Initiative, the release of the decentralized email solution LedgerMail, and a growing ecosystem of partners and list exchanges.

Adoption by a global merchandise network

One of the about significant developments for the XDC Network was its add-on to the global Trade Finance Distribution (TFD) Initiative, a consortium of trade originators, credit insurers and institutional funders on a mission to heave automation and transparency in asset trading and risk distribution.

According to André Casterman, the Chair of the Fintech Committee at the International Trade and Forfaiting Association (ITFA), the addition of the XDC Network "enables the arrangement to span the $19 trillion trade finance asset class with any type of funder through tokenization and digital assets."

The significance of this integration for XinFin cannot be overstated considering it partners it with some of the biggest global fiscal institutions and leading service providers, such equally AIG, Santander Asset Management, ING Bank, the International Sleeping accommodation of Commerce, Standard Bank, Commonwealth Banking company of Australia, Texel Group and Lloyds Bank.

The overall goal of the TFD Initiative is to create a more robust trade finance ecosystem by defining new technology-based market practices and transaction data specifications to assist increase the accessibility and transparency of trade flows.

LedgerMail becomes the earth's first decentralized electronic mail solution

Some other reason for XDC's surge came after the Aug. 4 release of LedgerMail, "the world's first decentralized email solution," which is powered by the XDC network.

According to the projection'south Twitter feed, its mission is to provide the "highest level of security, privacy, encryption and prevention from email attacks in a decentralized way."

Need for the service got off to a hot start, with the full number of signups surpassing 50,000 within the first week, and new users as well received 10 free XDC for signing upward.

Partnerships and commutation listings

XDC adoption has also risen in recent weeks, thanks in office to new partnerships for the network likewise as several new substitution listings.

1 of the bigger partnerships was its integration with Shopping.io, an e-commerce projection that enables users to pay for items on Amazon, eBay, Walmart and Etsy with cryptocurrencies. As an added perk, purchases fabricated using XDC receive a 2% discount and users who also concur Shopping.io's native SPI token can receive an extra 12% off.

XDC besides partnered with Hapi, an on-chain cybersecurity protocol for decentralized finance (DeFi) products that helps to increase security and help forbid hack attempts.

Hapi is a ready of cantankerous-concatenation smart contracts that are embedded into DeFi products and it allows them to reach a new security level.

Several recent substitution listings have likewise benefited XDC, as increased access has led to increases in its 24-hour trading volume. These include its July 8 addition to SimpleSwap and a July 31 integration with Simplex.

The views and opinions expressed here are solely those of the author and exercise not necessarily reflect the views of Cointelegraph. Every investment and trading move involves adventure, and you should comport your own research when making a determination.