In late October, the public Corda Network’s first digital currency XDC was unveiled by the Cordite Society and one of its founder Richard Crook. He’s a former head of emerging technology at RBS and a major player in the Corda development space with his LAB577 startup. A Twitter debate erupted from the XinFin community, which uses the same XDC ticker symbol for its Ethereum token. XinFin has a hybrid public/private blockchain, which also supports Corda.
While the ticker clash is a problem, the more interesting aspects of the story are the thinking behind the Cordite currency and the fact that currently, there isn’t a standard for cryptocurrency ticker symbols.
But let’s address the ticker symbol first. “We certainly didn’t court controversy,” said Crook. The Cordite Society agreed to alter its symbol to XKD, and XinFin is launching its XDC currency on the Corda Network using gateway technology provided by LAB577. XinFin targets global trade and finance and says it works with Air France KLM labs, the Government of Maharashtra and DCB Bank.
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