Once upon a time, in the ever-evolving landscape of global trade, there emerged a beacon of hope amidst the turmoil of tariffs and regulations. It was the dawn of a new era, marked by the audacious endeavors of a web3 startup known as Watr.
Imagine this – President Donald Trump, with his grandiose flair for dramatics, declares a day as “Liberation Day,” coinciding with the unveiling of his latest tariff measures. Amidst this political theater, Watr stands poised to revolutionize how tariffs are monitored on goods flowing into and out of the United States through its groundbreaking blockchain platform.
At first glance, one might dismiss Watr’s ambitions as yet another brash claim in the realm of web3 startups – a realm teeming with lofty promises and fleeting innovations. However, delving deeper reveals a different narrative. The brains behind Watr hail from prestigious realms; former luminaries from Shell, BP, and JP Morgan converge to steer this ship towards uncharted waters. Led by Maryam Ayati, whose expertise in global origination and investment at Shell Trading lends credibility to Watr’s bold vision.
As whispers circulate within investor circles about crypto VCs and commodity executives backing Watr with substantial financial support, it becomes evident that there is more than meets the eye to this ambitious venture.
In a moment suspended between skepticism and anticipation, Maryam Ayati unveils Watr’s master plan during an illuminating conversation:
“We will also soon be able to augment reported data with machine-sourced data from the myriad of satellites…”
The crux of Watr’s proposition lies in its ability to preemptively assess tariffs on commodities before transactions unfold – an innovation that could potentially reshape global trade dynamics marred by tariff-induced slowdowns. With trillions at stake within the sprawling labyrinth that is the commodities industry, Watr’s platform emerges as a beacon of efficiency powered by blockchain technology.
Ayati elucidates on their mission to revamp the very foundations underpinning global economy infrastructure:
“This isn’t about token hype… transforming how trust, traceability… work in the real world.”
Transporting us back to 2022 when Watr embarked on its journey with humble origins tracking commodity provenance based on environmental considerations like CO2 emissions; now metamorphosing into sentinels guarding against regulatory breaches concerning sanctions and tariffs.
In an unexpected twist signaling progress towards scalability and adaptability, news breaks that Watr migrates its operations onto Avalanche blockchain network – unlocking avenues for tailored solutions within specific industries such as commodities.
“Avalanche allows companies like us to create sovereign chains…
Echoes resonate from past attempts where blockchain was hailed as savior for trade quandaries – like “The Seam” collaborating with IBM or komgo initiative backed by industry titans ING & Shell – only now standing as relics overshadowed by fading relevance.
Offering an expert viewpoint on these ventures is Keld van Schreven from KR1 who opines that while many startups have flaunted visions promising supply chain revolutions,
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