IOTA launches trade finance solution Salus to address the $2.5 trillion trade finance gap
ChainCatcher reported that IOTA has launched a blockchain-based trade finance platform called Salus, aiming to address the global $2.5 trillion trade finance gap through tokenization technology.
Salus focuses on critical mineral supply chains, utilizing IOTA and TWIN trade data infrastructure to convert traditional paper-based trade documents into verifiable digital assets. The platform manages the digital identities of supply chain participants through IOTA Identity, tokenizes key trade documents such as warehouse receipts and bills of lading into NFTs, and anchors them on the IOTA ledger. This solution complies with international digital trade standards, providing transparency, speed, and liquidity support for the trade of critical minerals such as copper, lithium, and rare earth elements.
.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
JPMorgan raises BlackRock's target price to $1,449
ECB’s Dolenc says central bank may not have to do as much if markets tighten
BlackRock CEO Larry Fink warns: AI infrastructure has become the backbone of the US economy, halting data center construction will trigger a recession
BlackRock CEO Larry Fink has issued a rare recession warning, stating that if the United States imposes any form of moratorium on data center construction, the economy will plunge directly into recession. As the midterm elections approach, the construction of AI infrastructure has escalated from a business issue to a political bombshell. Analysts predict that AI capital expenditures could surpass 1 trillion dollars by 2027. Any disruption in policy would trigger a chain reaction impacting the supply chain, job market, and energy industry.
BTC market dominance rises to 60.46%
Crypto prices
More
