👣 IOTA Audit Trails: because trust in business records shouldn't depend on who controls the database. Today we're launching a new open-source solution that lets any authorized party verify the full history of a workflow, without gatekeepers, intermediaries, or blind faith. 🧵⤵️
"Africa is ready to make critical minerals a lever for industrial transformation."
@AfDB_Group Ministerial Forum, Abidjan.
We agree that transformation depends on trusted, transparent, traceable supply chains - exactly the principle behind what @salusplatform is building with
"Banks need to approve a trader - it takes three to four weeks to go through the KYC process. We do it in a fully digital, onchain way. Once the goods are tokenised, somebody can provide the financing through stablecoins, and use the assets as collateral."
@DomSchiener, speaking
What started as a pilot for flower exporters in East Africa is now live across government systems on multiple continents.
Trust compounds. Infrastructure scales.
One corridor at a time.
Reminder: our community AMA with @DomSchiener is this Wednesday, July 15 at 17:30 CEST.
Get your questions in by Tuesday July 14, 17:30 CEST by replying under the original post below.
"Instead of waiting 24, 48 hours to get the physical document once the goods are at the port, they get it digitally immediately as soon as the truck arrives. We're able to reduce clearance time from something that took days to hours - or even minutes."
@DomSchiener to TokenPost.
Every government system that connects makes the network more useful for every other system already on it.
That's the logic behind building neutral, open infrastructure. The capability compounds as more parties join.
The trade finance gap across Africa runs to around $100 billion a year.
Real businesses, real goods - but financing that never arrives.
When trade data can be verified at source, that gap starts to close. That's why IOTA helps power the future of global trade through
A normal database can store trade documents. Most government systems already do.
The problem is who controls it - and whether any other government will trust data that comes out of it.
A distributed ledger makes the integrity of the data verifiable by anyone, without needing to
"TradeLens failed because it was a permissioned private blockchain. IOTA succeeded in trade because we're a nonprofit foundation, because we are open source, and because IOTA is a permissionless network."
@DomSchiener in conversation with @tokenpost.
