Trade Logistics Information Pipeline (TLIP) has been hailed as a solution to the challenges faced by border agents. It has also been recognized as one of the 30 organizations selected to participate in the MISSION program, which aims to optimize maritime operations. TLIP, launched by IOTA, has gained popularity in the payment industry as it facilitates paperless international trade.
In 2022, IOTA partnered with TradeMark East Africa to launch a website that showcases the benefits of TLIP and allows stakeholders to track the project’s progress. TradeMark Africa, in a document shared on X, described TLIP as the missing piece of the puzzle in addressing the challenges faced by border agents.
The challenges faced by border agents include delays in receiving documents after sea freight arrival, leading to significant time and cost losses. Navigating multiple systems without real-time visibility also poses revenue risks, while the susceptibility to fraud demands costly fixes. TLIP aims to tackle these challenges and optimize border trade.
TLIP’s involvement in the MISSION program is crucial in addressing the fragmentation in the maritime transport ecosystem. With maritime transport accounting for 80% of global trade, the industry suffers from a fragmented IT landscape, with different stakeholders using various IT systems. While port community systems and fleet performance management systems automate data and allow real-time data sharing, they often operate in silos, requiring extensive resources and time to keep information updated.
MISSION aims to synchronize ship schedules and coordinate port operations, while also enhancing navigation safety by 20% to 30%. TLIP, utilizing IOTA’s distributed ledger technology, will integrate with existing systems via APIs and state-of-the-art data standards to ensure seamless integration with the MISSION platform.
The interoperability of TLIP will also allow for integration with the European Blockchain Service Infrastructure (EBSI). In the future, TLIP will be integrated with AI-driven smart contracts to facilitate smooth data exchange, including alarms for non-compliance and delays.
The TLIP team is excited about the partnership and looks forward to collaborating with talented teams across Europe. They are committed to shaping a unified future that promotes economic prosperity, people’s well-being, and advancements in transport and energy. Through collective efforts, they are confident that this collaboration will pave the way for a transformative and harmonious future.
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