IOTA is preparing to expand into global trade finance and supply chain management by digitally distinguishing between physical risks (such as loss and theft) and commercial risks (such as a buyer default). This approach aims to transform commercial data and physical risks into transparent digital assets that can be tracked and accurately assessed across its network.
Impact on cryptocurrencies
IOTA itself:
Investment value growth: Increasing the use of the IOTA network in insurance and supply chain sectors raises the actual demand for the currency to interact with smart contracts and transmit data.
Attracting institutions: Offering solutions compatible with the legal frameworks for commercial insurance increases large companies’ confidence in adopting the IOTA blockchain.
Assets-linked coins (RWA):
Coins such as Chainlink (LINK) and Centrifuge (CFG): Leveraging IOTA’s entry into this market by increasing integration between connector networks and providing financial assessment data (Oracles) to accurately estimate commercial and physical risks on the network.
#RWA #CryptoNews #crypto
$IOTA $LINK $CFG
Impact on cryptocurrencies
IOTA itself:
Investment value growth: Increasing the use of the IOTA network in insurance and supply chain sectors raises the actual demand for the currency to interact with smart contracts and transmit data.
Attracting institutions: Offering solutions compatible with the legal frameworks for commercial insurance increases large companies’ confidence in adopting the IOTA blockchain.
Assets-linked coins (RWA):
Coins such as Chainlink (LINK) and Centrifuge (CFG): Leveraging IOTA’s entry into this market by increasing integration between connector networks and providing financial assessment data (Oracles) to accurately estimate commercial and physical risks on the network.
#RWA #CryptoNews #crypto
$IOTA $LINK $CFG