From what I have read a carbide coating can increase hardness and edge retention.
Here is an except I found without looking too hard.
"The process of titanium-coating involves micro-welding and alloying an extremely thin layer (anywhere from 0.25 to 12 microns) of titanium carbide (TiC), titanium nitride (TiN) or titanium-carbo-nitride (TiCN - the black-colored version of the coating) to softer base metals such as steel - a process which has already been an industrial and commercial process performed on anything from drill bits (the "gold" bits you can buy in the hardware store), dental instruments and medical devices to surgical implants and aerospace components. Other materials, usually tungsten and cobalt based, can also be coated onto softer base materials to increase their hardness and durability (the coating material that Benchmade ended up chosing for the 970ST was not a titanium coating but tungsten tantalum carbide)."