crypto-economy.com
TL;DR
- IOTA leads the creation of TLIP: A key alliance led by IOTA is forming the Trade Logistics Information Pipeline (TLIP).
- IOTA Secure Technology: TLIP leverages IOTA Distributed Ledger Technology (DLT) to ensure security in data exchange.
- Global Collaborative Governance: TLIP promotes inclusive governance, inviting the participation of diverse stakeholders to drive innovation and expansion globally.
International trade has long been a process marked by bureaucracy, lack of transparency and inefficiency, plagued by physical documents prone to errors and fraud.
However, a strategic alliance led by the IOTA Foundation is radically changing this narrative.
In collaboration with important entities such as the World Economic Forum, TradeMark Africa and the Tony Blair Institute for Global Change, among others, the creation of the Trade Logistics Information Pipeline (TLIP) is being carried out.
☀️Happy to see @TLIP_io with @TradeMarkAfrica present at the @wto #WTOMC13AbuDhabi! Read our most recent announcement on how TLIP is revolutionizing #GlobalTrade by leveraging #IOTA’s distributed ledger technology: 🔗https://t.co/IwmMWubHUX#TradeTech24 #WTOMC13AbuDhabi https://t.co/VsBmWDhPlj
— IOTA (@iota) February 27, 2024
TLIP stands as a cutting-edge digital infrastructure that leverages IOTA’s distributed ledger technology (DLT) to facilitate secure and transparent data exchange in international trade.
This means a gradual elimination of the need for physical documents, replaced by digital certificates that guarantee the authenticity and immutability of information.
Adopting this blockchain technology not only reduces the risk of fraud and errors, but also streamlines processes and improves the efficiency of cross-border trade.
A fundamental aspect of this IOTA initiative is its focus on collaborative governance
A governance framework is being established that brings together stakeholders from both the public and private sectors globally.
This approach seeks to prioritize the collective good over individual interests, thus promoting digital ecosystems that benefit all participants.
Transparency and inclusion are the pillars of this governance, allowing participants to maintain control of their own data while facilitating seamless information exchange throughout the supply chain.
TLIP has already been successfully implemented in countries such as Kenya and the United Kingdom, providing valuable lessons for its future development and expansion.
Governments, development agencies and private sector actors are actively invited to join the effort and contribute new applications and influence the evolution of the TLIP ecosystem.
This alliance led by IOTA not only seeks to digitize international trade and make it paperless, but also lay the foundation for continued innovation in commercial financial models, carbon footprint calculations and the creation of a true circular economy.
The transformative potential of TLIP is undeniable, and its impact will extend far beyond the simplification of trade processes, it is a crucial step towards a more transparent, efficient and sustainable global trade future.