KEY TAKEAWAYS
- The IOTA Foundation has established an Expert Advisory Board to advance its Trade Worldwide Information Network (TWIN) initiative.
- The board will integrate senior trade, customs, and logistics expertise to enhance international trade transparency and efficiency.
- Key members include industry leaders with extensive experience in trade processes, customs systems, and regulatory frameworks.
The IOTA Foundation has announced the formation of an Expert Advisory Board to enhance the development of its Trade Worldwide Information Network (TWIN). This initiative aims to integrate senior trade, customs, and logistics expertise into the creation of a public digital infrastructure designed to make international trade more accessible, transparent, and efficient. The announcement was made here.
TWIN is envisioned as a platform to foster a more connected global trade ecosystem. However, the IOTA Foundation acknowledges that technology alone cannot achieve this vision. The insight of professionals with extensive experience in trade processes, customs systems, and regulatory frameworks is crucial to transforming this vision into a practical system.
Role of the Expert Advisory Board
The newly formed Expert Advisory Board comprises independent industry leaders who will provide practical guidance and critical insights to ensure that TWIN is grounded in operational reality and commercial viability. The board’s focus will be particularly on the UK market, offering perspectives that align with emerging market needs.
Among the board members are Mark Johnson, a customs and trade specialist with over 40 years of experience, and John Lucy, a transport and logistics leader with extensive experience across multiple regions. Dr. Anna Jerzewska, Sangeeta Khorana, Daniel Shelcot, and Gavin Johnson also bring their respective expertise in customs, trade negotiations, digital platforms, and supply chain solutions to the board.
Expertise and Contributions
Mark Johnson, with his background in logistics and advisory roles to the UK government, will contribute insights into customs and trade processes. John Lucy, known for his work in cross-border transport and customs reform, will advise on digitalization and decarbonization efforts.
Dr. Anna Jerzewska, an expert in trade and customs, will provide guidance on regulatory frameworks, while Sangeeta Khorana will focus on trade negotiations and market access. Daniel Shelcot’s experience in port and border systems will be instrumental in aligning digital platforms with real-world supply chains. Gavin Johnson will offer expertise in digital solutions for complex supply chains.
The IOTA Foundation looks forward to collaborating with the board to build a trusted, interoperable digital infrastructure for global trade.
Why This Matters: Impact, Industry Trends & Expert Insights
The IOTA Foundation has established an Expert Advisory Board to guide the development of its Trade Worldwide Information Network (TWIN), aiming to integrate expert insights into creating a public digital infrastructure for international trade.
Recent industry reports indicate a surge in digital services, which now account for 56% of global services exports, significantly outpacing goods trade. This trend underscores the importance of digital platforms like TWIN in enhancing global trade efficiency. By aligning with these trends, the IOTA Foundation is positioning TWIN to address the growing demand for digital trade solutions.
As per insights from Maersk, digitalization of customs and trade is critical for enhancing compliance and resilience. This reinforces the significance of TWIN as it aims to streamline international trade processes through digital innovation.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
