IOTA and Salus aim to change the game in trade finance by leveraging digital technologies to reduce costs and enhance transparency.
IOTA's Trade Finance Goals
IOTA targets digitizing the trade finance process, seeking to close a funding shortfall estimated at $2.5 trillion. The project builds open public platforms for data and payment exchanges, allowing exporters, funders, and logistics firms to share verified information without paper.
Salus Platform and Its Features
Salus utilizes IOTA’s TWIN technology to provide verifiable identities and tokenized receipts, enabling participants to exchange records more swiftly and lower working capital costs. Key trade documents such as warehouse receipts and bills of lading are converted into tokens that represent ownership and provenance, facilitating access to a single source of truth.
Current Developments and the IOTA Market
IOTA is currently trading at **$0.1949**, showing a **0.25%** change in the last 24 hours. Significant interest in the asset was noted due to an increase in trading volume, reaching **$21.36 million**, which is **44%** higher than the previous day. The launch of the Salus platform and the Stardust upgrade indicate a growing interest in IOTA on the international stage.
The implementation of digital solutions by IOTA and Salus illustrates how modern technologies can transform trade finance, enhancing data exchange processes and document flow.
