- The Trade and Logistics Information Pipeline (TLIP) is one of IOTA’s crowning glories, and it is transforming global trade.
- IOTA founder says that TLIP has “some exciting new RWA dApps coming up soon” as it expands beyond East Africa to the rest of Africa and Asia.
IOTA has become a multifaceted network that has extensive reach in several major sectors. One of these is in global trade, a sector that’s critical to the growth of the global economy, where the Trade and Logistics Information Pipeline (TLIP) is leveraging IOTA to change how goods and services move globally.
TLIP is a collaboration between IOTA and TradeMark Africa that launched at the height of the 2020 pandemic. At that time, the global movement of goods was at its lowest in decades, and operations were forced to move to the digital space. Since then, it has been expanding beyond East Africa, where it started, to the rest of Africa and Asia.
IOTA founder Dominik Schiener says that this is just the beginning. In a rare interaction on X, Dom claimed that “some exciting new RWA dApps coming up soon” for TLIP.
#IOTA
Look at what we are doing with TLIP (https://t.co/ZnUuOIz9bt). Started in Kenya, now building in UK and across Africa and Asia.
Some exciting new RWA dApps coming up soon
— Dominik Schiener (@DomSchiener) October 21, 2024
TLIP Changing Global Trade on IOTA
For TLIP, government relations are critical. After all, global trade doesn’t move without access to critical documents and authorisations from authorities. This was why in the third quarter of this year, the project concentrated on advancing its integration with government agencies in Kenya. As IOTA revealed in its Q3 2024 Progress Report, this included integrating with the tax agency KRA, trading industry agency KenTrade and the Kenya Agricultural and Food Authority.
“These integrations now allow Kenyan traders to directly access and share critical documents. Meanwhile, the UK team demonstrated TLIP’s capability in capturing supply chain data related to EU-UK poultry shipments, in collaboration with the UK Cabinet Office.” the report noted.
As Dom alluded to, TLIP has expanded beyond Africa. Earlier this year, it signed agreements to collaborate with global organizations, including the Tony Blair Institute for Global Change, the World Economic Forum, the Global Alliance for Trade Facilitation, and the Institute of Export and International Trade. These agreements allow TLIP to expand into all continents and offer its solutions to millions of traders who need the blockchain revolution the most.
This year, TLIP has focused on venturing into new industries. In July, it made its way into maritime transport, on which 80% of global goods move, as part of the EU-funded MISSION project, as we reported. It has also ventured into UK-EU trade following Brexit and trade financing, which is still expensive and inaccessible to those who need it most.
Meanwhile, IOTA trades at $0.1185, dipping 2.7% in the past day as trading volume dropped over 30%.
