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Key Takeaways:
- TWIN uses IOTA’s Tangle for real-time, feeless trade data exchange.
- Backed by global institutions and aligned with Gaia-X and IDSA standards.
- Aims to cut trade costs by up to 80% and boost SME inclusion.
The Trade Worldwide Information Network (TWIN) Foundation, a non-profit initiative launched in May during the AfCFTA Digital Trade Forum in Lusaka, Zambia, is setting out to modernize international trade systems. Backed by the IOTA Foundation and supported by prominent global institutions, TWIN offers an open-source infrastructure designed to replace fragmented, slow, and paper-heavy trade processes.
Powered by IOTA’s Tangle: Feeless, Scalable, and Interoperable
At the core of TWIN’s solution is IOTA’s distributed ledger technology, the Tangle—a scalable, energy-efficient alternative to traditional blockchains. This architecture enables real-time, feeless data exchange, making it especially suitable for international supply chains. Unlike legacy systems that often require days to process and verify documentation, TWIN’s framework allows for instant, secure, and verifiable data sharing.
TWIN’s modular and API-driven design supports seamless integration with existing systems and tools. It also aligns with Gaia-X and IDSA standards to ensure trust, data sovereignty, and cross-border compatibility. This level of interoperability is key to building confidence between trade partners across Africa and beyond.
A Trusted Ecosystem for Digital Trade
During the foundation’s launch video, a speaker emphasized a common challenge: the lack of trust in trade documents between nations like Nigeria and Algeria. Fragmented systems, from trucking to ports like Mombasa, continue to create costly inefficiencies. According to TWIN, such disarray is costing the global economy trillions each year.
Also Read: IOTA Notarization Targets $440 Billion Market With Blockchain Document Verification
The TWIN Foundation is backed by influential entities including the World Economic Forum, Tony Blair Institute for Global Change, TradeMark Africa, and the Global Alliance for Trade Facilitation. Together, they aim to usher in a trusted, standards-based digital trade network that includes SMEs and emerging markets, often left out of the global trade equation.
Reshaping $33 Trillion in Trade
An updated whitepaper from IOTA outlines how the TWIN framework could reshape how over $33 trillion in goods and services are exchanged globally. By reducing trade costs by up to 80%, increasing transparency, and enabling secure real-time communication, TWIN offers a compelling vision for the future of global commerce.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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