- The IOTA Foundation has established an expert council as a new permanent institution. He is tasked with driving forward TWIN, the project’s international trade initiative.
- He should act as an active mediator between technology, regulation and industrial implementation and accelerate the introduction of IOTA trading logistics.
IOTA’s Trade Worldwide Information Network TWIN aims to anchor digital identities, forgery-proof documentation and automated compliance processes in international trade structures.
It should the new expert council ensure that the applications in question are not only technologically robust but also regulatory compatible.
The pressure on companies and authorities to introduce interoperable standards is growing, particularly in the areas of digital trade documents, customs processes and supply chain transparency. IOTA offers an open, scalable and fee-free infrastructure that is suitable for government and institutional applications.
International expertise for operational implementation
The expert council is made up of experts with experience in global trade, logistics, standardization and digital transformation. Your task is to evaluate existing pilot projects, identify opportunities for cooperation and take real economic requirements into account.
IOTA emphasizes that the integration of external expertise is crucial to closing the gap between blockchain innovation and operational implementation in complex trading networks. Close cooperation with the respective industry partners should also create new use cases that demonstrate the benefits of distributed ledger technology in international trade.
Importance for IOTA
The expert council was also founded with a view to IOTA’s strategic focus on “real economy” processes and institutional acceptance.
While many blockchain projects remain predominantly speculative objects, IOTA pursues an approach that is aimed at long-term infrastructure development.
The TWIN initiative is considered one of the key growth engines because supply chain operators, customs authorities and trading platforms are increasingly looking for trustworthy, interoperable digital tools.
The expert council is intended to help meet this demand and establish IOTA as a technological standard in digital commerce.
No Comments