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What Web3 likes to do: the faster the better. For example, launching a MEME coin, creating a copycat DeFi, or assembling a high-sounding AI hot concept, within a few months, you can complete a round of wealth harvesting in the secondary market
But when the tide recedes and the market returns to rationality, everyone will find that doing slow things, doing the right things, and doing heavy things can actually go further
The 10-year-old @iota and its ecosystem's important tool TWIN fully prove this point
No need for nonsense, let's get straight to the data
1. In the TLIP scenario in Africa, the system has processed over 184k commercial invoices, 328k declarations, and issued over 2,000 export certificates
Of course, I admit these numbers may not seem large enough, but the significance of these numbers is not about the 'large scale' itself, but that they show TWIN has entered the real trade document flow. Once the scenarios and processes are connected, rapid data growth will become a reality
2. A more intuitive case may come from the export pilot from Kenya to the UK. Previously, trade documents might need 8 hours by air or 3 weeks by sea to be usable
But with TWIN now, documents can be obtained within minutes, and border regulators can see credible data 3 weeks before the goods arrive
Also, in the UK border pilot, data for refrigerated poultry cargo from Poland to the UK can be delivered to border agencies up to 20 hours in advance
For the Web3 industry, these may not sound as exciting as a '100x coin', but for real international trade scenarios, this is the best case of efficiency improvement and real blockchain application: faster documents, earlier customs clearance, lower costs, and more transparent regulation
For traditional enterprises, we can see that the document processing that used to take weeks or hours can now be compressed to within '5 minutes'. This efficiency improvement means real logistics and warehousing cost reductions, and it is also a ticket for more small and medium exporters to participate in international competition
By the way, this data was achieved during the Web3 bear market. Some projects 'play ostrich' during the bear market, while others are desperately 'laying the foundation' during the bear market
When I was in school, my father always told me: slow is fast. It means first do the right thing, then do it right. If it's the wrong thing, no matter how much or how fast you do it, it has no value. I have been practicing this to this day
Few Web3 projects practice this concept. BTC is one, ETH is one, BNB is one, and IOTA is also one