XDC Trade Network Leads the Charge Toward Fully Digital Global Trade by 2030
XDC Trade Network, a pioneering digital trade platform, has hired experts to cover the entire trade lifecycle. The company is optimistic about the global shift to digital trade by 2030, with English law expected to govern 80% of world trade. The network enables secure, interoperable movement of trade documents between different software systems.
XDC Trade Network, built on the XDC Network blockchain, serves as shared infrastructure for multiple parties in trade. It allows trade documents to be put on-chain, facilitating secure and interoperable movement between different software systems used by suppliers and buyers.
The company is not seeking to replace existing systems but connect them. CEO Sunil Senapati, speaking at Sibos 2025 in Frankfurt, highlighted the team's efforts in transitioning global trade from paper-based processes to interoperable digital workflows.
Currently, six countries - Germany, Slovenia, Bulgaria, Italy, and the People's Republic of China - have laws recognizing electronic trade documents. XDC Trade Network aims to facilitate full digital documentation across global trade by the end of this decade, with major G7 economies already accepting electronic trade documents.
XDC Trade Network, with a global team spanning Singapore, the UAE, Switzerland, the UK, Australia, Japan, India, and Germany, is expanding its reach. It has opened a US office and is growing across Europe. The company's optimism about the industry's future and its innovative approach to digital trade connectivity position it as a key player in shaping the global trade landscape.
