crypto-news-flash.com
- The TWIN Foundation launched a few months ago with a plan to replace fragmented, slow, paper-based systems.
- of days, and far greater transparency and inclusion, especially for SMEs and emerging markets. This is all made possible by IOTA’s distributed ledger technology, known as the Tangle.
Tangle is not like traditional blockchains. Instead, it is feeless, scalable, and energy-efficient. This makes it perfect for high-volume, real-time data exchange, without the slowdowns or hefty fees that often plague blockchain systems.
TWIN builds on this tech with a modular, API-driven framework, meaning developers, governments, and businesses can easily plug in different tools or services depending on their needs, without rebuilding the entire system from scratch.
It’s built for interoperability, meaning it can work alongside existing tools and platforms across borders. To ensure global compatibility and trust, TWIN aligns with widely recognized data-sharing standards, such as Gaia-X, a European initiative focused on open, transparent digital ecosystems, and the International Data Spaces Association (IDSA), which promotes secure and sovereign data exchange, helping to keep data secure, verifiable, and fully under the control of its original owners.
One of TWIN’s key roles is to help shape and roll out clear standards for how distributed ledger technologies (DLTs) and related innovations should work in the real world. As one IOTA supporter put it: “It’s only a matter of time now.”
IOTA is trading at $0.24 with a market capitalization of $888 million and a daily trading volume of over $51 million.