IOTA, WEF Launch TWIN Foundation for Global Trade
- TWIN Foundation launched to address trade inefficiencies from Trump’s tariffs.
- Foundation aims to connect global trade through decentralized tech.
- Key partners include IOTA, WEF, and Tony Blair Institute.
TWIN Foundation Formed to Tackle Trade Inefficiencies
Launched with six partners, the TWIN Foundation aims to combat “inefficient trade policies.” IOTA Foundation supplies the technical groundwork, while others contribute policy and trade facilitation knowledge.
“We are betting on a future where IOTA is the decentralized, neutral, open, and immutable digital infrastructure that connects countries and people around the world.” — Dominik Schiener, Co-Founder and Chairman, IOTA Foundation
The foundation’s work involves connecting global trade through IOTA technology, representing a new direction compared to recent protectionist trends.
Global Trade Efficiencies Anticipated with TWIN Launch
The foundation could enhance efficiency and reduce fragmentation in international trade. Initial responses from industries show cautious optimism about the potential benefits.
By focusing on developing markets, TWIN may stimulate economic growth in lesser-accessed regions, aligning with global economic goals.
Decentralized Technology in International Trade
Historically, decentralized systems haven’t been central to trade. However, TWIN offers real-time data sharing and interoperability, a marked shift from protectionist tariffs.
Experts suggest these efforts might lead to more inclusive trade models and could eventually redefine cross-border transactions if successful.
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