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- TLIP reduces transaction costs by up to 80% and improves cross-border efficiency by 96%.
- IOTA ensures data sovereignty while enabling seamless trade document sharing.
- OECD recognition highlights IOTA’s pivotal role in global digital trade adoption.
The IOTA Foundation has earned global recognition from the Organization for Economic Co-operation and Development (OECD) for its efforts in driving the shift toward paperless trade. Highlighted in the OECD’s September report, The Digitalization of Trade Documents and Processes, IOTA is acknowledged as a key private-sector contributor advancing the modernization of international trade documentation.
TLIP: Transforming Trade Documentation
At the heart of this recognition is IOTA’s Trade Logistics Information Pipeline (TLIP), a collaborative initiative co-founded with the World Economic Forum, Tony Blair Institute for Global Change, TradeMark Africa, the Institute of Export and International Trade, and the Global Alliance for Trade Facilitation. TLIP leverages IOTA’s distributed ledger technology to connect every participant in the trade process—from producers to shippers, inspectors, and buyers.
Unlike traditional systems, TLIP emphasizes data sovereignty. Organizations maintain control over their own databases while sharing information securely through TLIP’s distributed ledger and APIs. This ensures transparency and trust without third-party intermediaries.
Proven Results from Digital Trade Pilots
Early pilots in Kenya showcase TLIP’s impact: transaction costs have been reduced by up to 80%, while cross-border transaction effectiveness improved by 96%. By digitizing documents such as bills of lading, certificates of origin, and customs declarations, TLIP streamlines operations, reduces administrative overhead, and accelerates global trade efficiency.
TLIP adheres to international standards, including W3C decentralized identity frameworks, GS1 EPCIS 2.0, UN/CEFACT vocabularies, and the UNCITRAL Model Law on Electronic Transferable Records (MLETR). This ensures global compatibility and legal compliance across multiple trade sectors.
IOTA in the Context of Global Digital Trade
The OECD report situates TLIP within a broader international trend of digital trade adoption. Partnerships like the EU–Singapore Digital Partnership and EU–Japan Digital Trade Principles demonstrate a growing commitment to digitalization. Likewise, forums such as the G7 and G20 continue to prioritize digital tools in trade, signaling an accelerating shift toward fully digital supply chains.
Also Read: How IOTA’s New SocialFi Program Is Redefining Blockchain Engagement
By bridging gaps in digital trade adoption, particularly in maritime transport, IOTA is helping shape a more efficient, secure, and transparent global trade ecosystem.
IOTA’s recognition by the OECD underscores the foundation’s role as a trailblazer in digital trade. TLIP is not just a technological innovation—it represents a step toward global supply chain efficiency, cost reduction, and data sovereignty, marking a pivotal moment in the future of international commerce.
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.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
