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The IOTA Foundation’s TWIN initiative seeks to revolutionize global trade by digitizing paper-heavy processes, potentially unlocking $10 trillion in economic value. By leveraging blockchain technology, TWIN introduces self-sovereign digital IDs, asset tokenization, and frictionless financing. This could reduce trade costs by up to 25%, particularly benefiting SMEs and emerging markets.
- TWIN could reduce global trade costs by 25% through digitization and blockchain integration.
- The initiative targets 4 billion daily paper documents in circulation, streamlining cross-border transactions.
- TWIN supports AfCFTA by enhancing transparency and reducing trade barriers in African markets.
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