The integration of Web3 and Web2 has created new application scenarios.

Before the US stock market opens, BTC has already impatiently started to rebound. It is uncertain whether there will be an altcoin season, but certain projects have already begun to release positive news.

Truly high-quality projects have always been striving.

┈┈➤Web3 Trading Infrastructure ADAPT

IOTA has just launched a new Web3 digital trade infrastructure called ADAPT in collaboration with governments, trade authorities, and international organizations.

ADAPT is based on the IOTA public chain, providing on-chain trusted solutions for international trade in Africa, replacing paper and manual verification processes.

┈┈➤ Powerful Quadrilateral Alliance

ADAPT is initiated by Sifang United:

1⃣ African Continental Free Trade Area ( AfCFTA ): One of the largest free trade areas in the world initiated by 55 African countries. @AfCFTA

2⃣ World Economic Forum ( WEF ): The world's premier economic forum that holds the annual Davos Summit. @wef

3⃣ Tony Blair Global Change Institute ( TBI/InstituteGC ): A non-profit think tank and consulting organization founded by former UK Prime Minister Tony Blair in 2016. @InstituteGC

4⃣ IOTA Foundation. @iota

┈┈➤ADAPT has been put into practice

According to the official website of the African Trade Assistance Organization (TMA), the IOTA digital trade pilot project in Kenya has been successfully implemented for over 2 years.

"Important partners in the pilot project of IOTA Foundation and TMA for flower exports in Kenya include the Kenya Revenue Authority and the Kenya Plant Health Inspectorate."

"Effectively recorded the export processes of Kenyan flower growers, developed a better user experience, and collaborated with the internal technical teams of border agencies."

"Significantly reduce capital costs and accelerate transaction speed. All parties involved in the pilot project have also reduced the risk of loss or errors of paper documents."

┈┈➤ADAPT and IOTA Outlook

IOTA, as a DAG public chain, is designed for high concurrency and microtransactions. IOTA is very suitable for the digital trade infrastructure ADAPT and may contribute to the healthy growth of trade in the African region.

The African Trade Assistance Organization's "Trade Facilitation Report 2024" clearly states, "Some new initiatives have great prospects, including collaboration with IOTA on the Trade Logistics Information Pipeline (TLIP) to eliminate the issue of falsifiability in trade documents."

According to the "Trade Facilitation Report 2024," in 2023, the export value of digital delivery services in Africa reached $36.7 billion, more than quadrupling from $9.2 billion in 2005, while the export value of goods only grew by just over twice. This is the result of ADAPT's development and also the prospect of ADAPT's growth.

According to the World Bank WITS data, the total imports in Africa in 2023 are approximately $817.9 billion, which presents a broader scalable prospect for IOTA in the Web3 digital trade sector.