What started out as a small pilot with a few thousand consignments, is now growing to a larger testbed across the UK 🇬🇧 We are bringing the real world onchain to IOTA, step by step.
Through our work together with the UK Cabinet Office and Teesside University, we have proven that crucial data can be accessed 20 hours earlier. Now we are scaling up the effort as part of the Tesside Digital Trade Testbed.
The impact of digitizing trade is enormous:
"According to ICC UK's Roadmap to Digitalise UK Trade, full digitalization could deliver £25 billion in trade growth and £224 billion in efficiency savings, with a 35% efficiency gain for SMEs."
There is still a lot of work ahead, but the foundation for global digital trade is being laid right now. Thank you to our amazing partners and community for staying the course with us 🚀