IOTA co-founder on digitalizing global trade with blockchain

The IOTA Foundation, a non-profit organization established in 2017, develops and operates the IOTA distributed ledger technology (DLT) project with a focus on real-world industrial applications. The project has gained attention for its specialized strategy of digitalizing global trade and logistics, moving away from the broader competition among general-purpose Layer 1 blockchains. Recently, IOTA has expanded its use cases by partnering with the Kenyan government and the African Continental Free Trade Area (AfCFTA) to build digital trade infrastructure across Africa. CoinNess spoke with IOTA Foundation co-founder Dominik Schiener about the challenges in global trade and the project's technological and strategic solutions.

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