IOTA’s Trade Finance Revolution: Digitizing Supply Chains with Smart Contracts

IOTA is aiming to close a $2.5 trillion gap in global trade finance by digitizing documents, identities, and payments across supply chains. Salus, a platform utilizing IOTA’s TWIN technology, offers verified identities for participants in the critical minerals trade. This eliminates paper-based processes like warehouse receipts and bills of lading, converting them into on-chain tokens representing ownership and provenance. 🔑 This transparency allows customs authorities, insurers, and lenders to access accurate records, streamlining payments and reducing settlement frictions. 💰 IOTA’s approach is not limited to minerals; it’s also being implemented in East Africa with TLIP for cross-border shipments, and Realize enabling on-chain fund shares. 🌍