How Watr's Blockchain Platform Could Revolutionize Global Trade Amid New U.S. Tariffs
Watr, a blockchain startup, aims to automate tariff tracking on global commodities using decentralized technology.
Matilda
How Watr's Blockchain Platform Could Revolutionize Global Trade Amid New U.S. Tariffs
The latest round of tariffs announced by President Donald Trump, dubbed "Liberation Day," is set to shake up global trade. While tariffs often introduce complexities in logistics and compliance, a web3 startup called Watr believes blockchain technology can solve these challenges. Watr’s platform, already utilized by major mining and auto manufacturing companies, claims to offer real-time, automated tariff validation before transactions occur. If successful, this innovation could reshape the $20 trillion global commodities market. Image:Google Watr’s Vision for Automated Tariff Tracking Led by former Shell, BP, and JP Morgan executives, Watr’s blockchain-based platform aims to bring transparency and efficiency to trade regulations. CEO Maryam Ayati, a former executive at Shell Trading, emphasizes that their system can validate tariffs before money even changes hands. This feature could eliminate loopholes exploited by traders who reroute commodities to evade tariffs. “Some non-We…
