KEY TAKEAWAYS
- Watr migrates to Avalanche’s Layer 1 blockchain to revolutionize the $20 trillion commodities industry.
- The move aims to enhance liquidity, access, and innovation in commodities through blockchain technology.
- Avalanche’s infrastructure supports Watr’s mission with its modular architecture and institutional-grade performance.
- Watr’s comprehensive infrastructure stack includes components for transparency, compliance, and growth in the commodities market.
Watr, a blockchain infrastructure designed specifically for the $20 trillion global commodities industry, has announced its migration to an Avalanche Layer 1 (L1) blockchain. This strategic move aims to bring the commodities sector, which includes metals, minerals, food, and fuel, onto the blockchain, leveraging Avalanche’s infrastructure to enhance composability and capital efficiency at scale.
The commodities industry, despite its vast scale, has yet to fully capitalize on blockchain technology, which can improve liquidity, broaden access, and foster innovation. Watr is developing a next-generation, onchain foundation that integrates decentralized identity, asset traceability, and programmable smart contracts to transform the financing, trading, and governance of commodities.
Leveraging Avalanche’s Infrastructure
John Nahas, Chief Business Officer at Ava Labs, emphasized the potential of blockchain in the commodities sector, stating, “Despite being a $20 trillion industry, real-world assets like commodities have barely scratched the surface of onchain adoption.” He highlighted Avalanche’s capabilities, including sovereign chains, low latency, and institutional-grade performance, as ideal for supporting Watr’s mission to enhance commodity markets through onchain structures and liquidity.
Watr was founded by industry veterans from Shell, BP, and J.P. Morgan, including Maryam Ayati, who has been recognized as one of the most influential women in energy by the World Energy Council. The team aims to reimagine the infrastructure underpinning global commodity trade. Avalanche’s modular architecture allows Watr to launch purpose-built blockchains tailored to specific commodities, counterparties, and compliance requirements, without compromising speed or interoperability.
Building a Programmable Commodities Economy
Maryam Ayati, Founder and President of Watr Foundation, noted the potential of established Web3 concepts such as Decentralized Finance (DeFi), Decentralized Identity, and smart contracts to address fundamental constraints in commodity financing, compliance, and trade. She stated that building with Avalanche enables Watr to leverage its ecosystem’s size and security to tackle these opportunities effectively.
Watr is constructing a comprehensive infrastructure stack designed to bring commodity markets onchain. Core components include WatrMrks for transparency and compliance, WatrIDs for trust and reputation, NeoReserves for unlocking capital, and VentureStream for driving growth and adoption. These elements form the building blocks of a programmable commodities economy.
For more information on Watr’s blockchain infrastructure, visit here.
Why This Matters: Impact, Industry Trends & Expert Insights
Watr’s migration to Avalanche Layer 1 aims to integrate blockchain technology into the $20 trillion global commodities industry, enhancing composability and capital efficiency.
Recent industry reports indicate that real-world asset tokenization is becoming increasingly important, allowing commodities to be represented digitally on blockchain platforms. This enhances liquidity, reduces transaction costs, and opens up new investment opportunities. This aligns with Watr’s initiative to bring commodities onchain, leveraging Avalanche’s capabilities to transform the industry.
A Fintech News report highlights blockchain’s potential to enhance transparency, efficiency, and security in various industries, including commodities. This supports Watr’s strategy to use blockchain for improving liquidity and governance in the commodities sector.
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