- The Twin Foundation launched a few months ago with a plan to replace the fragmented, slow, paper-based system.
- Every day and far greater transparency and inclusion, especially for small and medium-sized businesses and emerging markets. All this is possible through IOTA’s distributed ledger technology known as Tangle.
Tangles aren’t like traditional blockchains. Instead, it is touchy, scalable and energy efficient. This makes it ideal for large volumes of real-time data exchange without slowing down or heavy fees that often plague blockchain systems.
Twin builds this technology with a modular, API-driven framework. This means that developers, governments, and businesses can easily plug in a variety of tools and services according to their needs, without having to rebuild the entire system from scratch.
It is built for interoperability. This means it works across borders along with existing tools and platforms. To ensure global compatibility and trust, the Twin is consistent with widely recognized data sharing standards, such as GAIA-X, a European initiative focusing on an open and transparent digital ecosystem, and with widely recognized data sharing standards, such as the International Association of Data Spaces (IDSA), which helps to promote secure, sovereign data exchange, keep data safe and fully maintained by its original owners.
One of the key roles of Twin is to shape and unfold clear standards for how distributed ledger technology (DLT) and associated innovations work in the real world. As Iota supporters said, “It’s only a matter of time now.”
IOTA trades at $0.24 with a market capitalization of $888 million and a market capitalization of over $51 million.
