ADAPT Digital Platform Hopes to Boost African Trade Using Iota Blockchain

A collective that includes the African Continental Free Trade Area (AfCFTA) Secretariat, Iota Foundation, the Tony Blair Institute and the World Economic Forum has joined forces to develop a digital platform in Africa to digitize trade across the continent.

Announced on Monday, the Africa Digital Access and Public Infrastructure for Trade (ADAPT) is an open-source digital public network that will enable cross-border payments through stablecoins and store digital trade documents and interoperable digital identities, according to the Iota Foundation.