Powered by IOTA’s Tangle, TWIN offers modular, API-driven technology aligned with data-sharing standards like Gaia‑X and IDSA.
The Trade Worldwide Information Network (TWIN) Foundation is a non-profit, governance-first initiative launched on May 8, during the AfCFTA Digital Trade Forum in Lusaka, Zambia. It was created with a mission: to lead and maintain an open-source infrastructure that helps modernize global trade.
TWIN aims to make it easier, faster, and more secure for countries and businesses to exchange data across international supply chains in real time.
In a post on X, the Foundation shared a short video from the launch event that captured the spirit of the initiative. In the video, a speaker paints a familiar picture:
Imagine you’re in Nigeria trying to trade with someone in Algeria or South Africa. Would you trust their documents if you’d never seen them before? Probably not. That lack of trust is a huge barrier.
The speaker went on to describe how fragmented systems across the continent, from traders and truckers to agents, government portals, and even ports like Mombasa, are slowing things down.
“We’ve seen this before in systems like Felixstowe,” the speaker said.
This lack of coordination is costing us trillions of dollars every year.
As Crypto News Flash has explained before, the initiative is supported by six influential global organizations: the IOTA Foundation, World Economic Forum, Tony Blair Institute for Global Change, TradeMark Africa, Global Alliance for Trade Facilitation, and the Chartered Institute of Export & International Trade.
Recently, IOTA released an updated whitepaper for TWIN, outlining a detailed framework that could completely reshape international trade. Considering global trade moves over $33 trillion worth of goods and services every year, the potential impact here is massive.
The benefits that the TWIN Foundation provides are hard to ignore. For trade participants, it could mean up to 80% cost reductions, with data-sharing that takes hours instead of days, and far greater transparency and inclusion, especially for SMEs and emerging markets. This is all made possible by IOTA’s distributed ledger technology, known as the Tangle.
Tangle is not like traditional blockchains. Instead, it is feeless, scalable, and energy-efficient. This makes it perfect for high-volume, real-time data exchange, without the slowdowns or hefty fees that often plague blockchain systems.
TWIN builds on this tech with a modular, API-driven framework, meaning developers, governments, and businesses can easily plug in different tools or services depending on their needs, without rebuilding the entire system from scratch.
It’s built for interoperability, meaning it can work alongside existing tools and platforms across borders. To ensure global compatibility and trust, TWIN aligns with widely recognized data-sharing standards, such as Gaia-X, a European initiative focused on open, transparent digital ecosystems, and the International Data Spaces Association (IDSA), which promotes secure and sovereign data exchange, helping to keep data secure, verifiable, and fully under the control of its original owners.
One of TWIN’s key roles is to help shape and roll out clear standards for how distributed ledger technologies (DLTs) and related innovations should work in the real world. As one IOTA supporter put it: “It’s only a matter of time now.”
IOTA is trading at $0.24 with a market capitalization of $888 million and a daily trading volume of over $51 million.
Read more on Crypto News Flash
