TWIN and IOTA: Decentralized Infrastructure Cuts Global Trade Costs by 25%

Trade Worldwide Information Network (TWIN), a non-profit organization dedicated to fostering an open and sustainable digital infrastructure for global trade, aims to revolutionize international commerce by making it fully digital and seamless. Utilizing IOTA technology, TWIN's infrastructure eliminates paper documents and integrates participants worldwide, potentially reducing costs by 25% and unlocking $10 trillion in new trade value. TWIN's features include scalable distributed ledger technology with low transaction fees, a transparent infrastructure allowing participants control over their data, API-based interoperability that reduces expenses and speeds up deployment, and a focus on public benefit over profit. Successful pilots in East Africa have already demonstrated significant efficiency gains. Partnerships with entities like WEF, IOTA Foundation, and Tony Blair Institute highlight a shift from hype to practical application in trade technology, with the TWIN protocol set to become open source by 2025, enabling widespread adoption and development.