IOTA’s Breakthroughs: Abu Dhabi Foundation Launch and Collaborations with Trademark Africa & WEF Signal Growth
IOTA Foundation was formed in Abu Dhabi in partnership with the Abu Dhabi Global Market (ADGM) in the fourth quarter of 2023. This collaboration opens the door for IOTA's development across the Middle East, establishing IOTA as an important technology in the region
IOTA's Foundation Launch in Abu Dhabi
As revealed in a post on the X platform, the IOTA Foundation was formed in Abu Dhabi in partnership with the Abu Dhabi Global Market (ADGM) in the fourth quarter of 2023. This collaboration opens the door for IOTA's development across the Middle East, establishing IOTA as an important technology in the region.
In addition to the Abu Dhabi initiative, IOTA is also gaining attention in trade financing, as seen in its integration with Trademark Africa and the World Economic Forum (WEF). Trademark Africa, although quite unpopular, is a key African organization promoting global trade, supported by several G20 nations, as well as the Bill and Melinda Gates Foundation.
At the WTO's 13th Ministerial Conference, IOTA, Trademark Africa, and WEF collaborated to create the Trade Logistics Information Pipeline (TLIP). TLIP aims to streamline trade processes and increase efficiency, particularly in Africa and Abu Dhabi. While this initiative highlights IOTA's increasing influence, it also indicates its exposure as a trade solution proven to be trusted by governments and regulators.
In line with this viewpoint, IOTA has strengthened its bond with the European government as it progresses through the EBSI PCP program's final stages. Additionally, IOTA was used to test digital IDs and data provenance systems within the EU.
Reflecting on Crypto News Flash's prior findings, IOTA's involvement in trade solutions includes an investment of over $10 million announced by the IOTA Ecosystem DLT Foundation in the United Arab Emirates. This funding is intended to support early-stage entrepreneurs, ventures, pilots, and the infrastructure required to improve TradeTech, Trade Finance, and the tokenization of Real World Assets (RWA).
