The post IOTA Powering Trade Across Africa: TLIP’s Innovative Solutions appeared on BitcoinEthereumNews.com.

IOTA, through its TLIP infrastructure, boosts trade in Africa. Investors are positive about IOTA as seen in its price growth. For years, the open-source distributed ledger IOTA has helped facilitate innovative solutions worldwide. The protocol is already powering trade in Africa, specifically with its Trade and Logistics Information Pipeline (TLIP) infrastructure.  IOTA Kicks Off Digitize Trade in East Africa IOTA will showcase its innovations and impact across East Africa as one of the sponsors of the African Customs & Trade Conference (ACT). The conference will take place in Kenya’s capital, Nairobi, from October 7 to October 9.  TLIP, a digital infrastructure built on IOTA, will be presented at the conference as a key enabler of digital trade. Speaking about the event, IOTA’s co-founder Dominic Schiener says TLIP is a reminder of how blockchain can transform some of the world’s systems.  Let’s connect the world, with @TLIP_io (built on #IOTA) I’m in Kenya right now and it’s really refreshing to speak with our partners here, government and those who are adopting our solution to digitize trade. This has reminded me how Blockchains can really change something about… https://t.co/z9XCBmN7E0 — Dominik Schiener (@DomSchiener) October 4, 2024 Schiener emphasized that IOTA’s integration, which is already underway, will help to reduce costs and remove friction in international trade. This will be done by facilitating traceability, digitalization, and certification of trade documents, digital identities, asset tokenization, and trade finance. The co-founder noted that launching TLIP’s solution in Kenya is the beginning of IOTA’s expansion plans. He highlighted IOTA is already working with other countries on integrations. “Step by step, we are bringing the real world on-chain to IOTA,” Schiener stated. The ACT event, organized by Kenya’s tax agency, KRA, will bring together industry thought leaders. Participants will include the heads of revenue collection agencies from…

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Filed under: News - @ October 7, 2024 10:22 pm