IOTA's TWIN initiative is set to revolutionize the $33 trillion global trade ecosystem by replacing paper-based processes with decentralized blockchain infrastructure.
The project, in collaboration with the World Economic Forum and major international stakeholders, aims to digitize and automate global trade, reducing inefficiencies and delays in supply chains.
The TWIN initiative has already demonstrated success in cutting trade document processing times between Kenya and the UK from weeks to minutes, showcasing its potential to redefine cross-border logistics.
IOTA's infrastructure, purpose-built for global commerce, is poised to reduce trade costs by 25% and address issues such as emissions, waste, and corruption, with upcoming integration with the IOTA mainnet expected in the second half of 2025.