I didn't expect that @iota appeared on CNBC, and started to follow the path of developing countries by saving the curve.
I just read a news article, "The African Free Trade Area, in collaboration with the World Economic Forum, the Tony Blair Institute, and the IOTA Foundation, launched a unified digital trade platform called ADAPT." The general meaning is that the IOTA Foundation has signed a cooperation agreement with the entire African continent, and the first experience was in Kenya, which was particularly successful. The country has digitized trade documents through IOTA technology, reducing the document verification time from 6-7 hours to 30 minutes, and now flower exporters in Kenya can save about $400 a month in paperwork costs, while manual work steps have been reduced by 60-70%. You must understand that Africa's problem has never been a lack of resources, but rather a lack of trust and unified infrastructure. Goods move faster than documents, banks do not trust the data, and companies rely on fax, paper, and intermediaries for confirmation. Over the past ten years, the World Bank and the International Monetary Fund have invested in countless projects, but there has not been a single project that can solve the "trust" issue from its roots. This wave of IOTA is almost a rescue curve: it does not compete with L2 in Europe and America, or list artificial intelligence, but intervenes from the most painful "trade trust gap" globally. This should not be the first case of applying blockchain in Africa in a "realistic" way; I hope there will be more of these cases in the future.
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I didn't expect that @iota appeared on CNBC, and started to follow the path of developing countries by saving the curve.
I just read a news article, "The African Free Trade Area, in collaboration with the World Economic Forum, the Tony Blair Institute, and the IOTA Foundation, launched a unified digital trade platform called ADAPT."
The general meaning is that the IOTA Foundation has signed a cooperation agreement with the entire African continent, and the first experience was in Kenya, which was particularly successful. The country has digitized trade documents through IOTA technology, reducing the document verification time from 6-7 hours to 30 minutes, and now flower exporters in Kenya can save about $400 a month in paperwork costs, while manual work steps have been reduced by 60-70%.
You must understand that Africa's problem has never been a lack of resources, but rather a lack of trust and unified infrastructure. Goods move faster than documents, banks do not trust the data, and companies rely on fax, paper, and intermediaries for confirmation. Over the past ten years, the World Bank and the International Monetary Fund have invested in countless projects, but there has not been a single project that can solve the "trust" issue from its roots.
This wave of IOTA is almost a rescue curve: it does not compete with L2 in Europe and America, or list artificial intelligence, but intervenes from the most painful "trade trust gap" globally. This should not be the first case of applying blockchain in Africa in a "realistic" way; I hope there will be more of these cases in the future.