Blockchain Meets Commodities: The $20 Trillion Shake-Up You Can’t Miss!

Watr, a blockchain platform with ambitions as vast as the $20 trillion global commodities market, has decided to hitch its wagon to the Avalanche network. Because, you know, when you’re dealing with trillions, why not go for the blockchain equivalent of a rollercoaster? 🎢

On April 3, Watr made the big announcement via a press release shared with crypto.news. Because nothing says “serious business” like a press release in the crypto world. 📰

According to Watr, migrating to Avalanche (AVAX) will allow them to apply institutional-grade infrastructure and decentralized finance liquidity across real-world supply chains. Because apparently, the world’s supply chains have been crying out for a blockchain makeover. 🚚

The partnership between Watr and Avalanche aims to bring commodities trading and financing onchain, giving users access to the global commodity trade, including metals, minerals, food, and fuel. Because who doesn’t want to trade their morning coffee on the blockchain? ☕

“Despite being a $20 trillion industry, real-world assets like commodities have barely scratched the surface of onchain adoption,” said John Nahas, chief business officer at Ava Labs. “Avalanche is built for this exact moment—with sovereign chains, low latency, and institutional-grade performance.”

Watr chose Avalanche not just for its thriving developer ecosystem, but also because it’s gaining traction among financial giants like JP Morgan and Citibank. Because if it’s good enough for the big banks, it’s good enough for Watr. 🏦

Watr plans to combine Avalanche’s performance with its own features, including decentralized identity, traceability, and composable smart contracts, to accelerate onchain adoption in commodity markets. Because nothing says “innovation” like a bunch of buzzwords strung together. 🚀

“Established Web3 concepts such as DeFi, Decentralized Identity, and smart contracts can address fundamental constraints in commodity financing, compliance, and trade,” said Maryam Ayati, founder and president of Watr Foundation. “Building with Avalanche allows us to leapfrog the development cycle and leverage its ecosystem’s size and security to decisively take on this opportunity.”

Watr leverages its tech stack, including WatrMrks for end-to-end traceability and WatrIDs for decentralized identities tailored to professionals, businesses, and institutions. The platform also utilizes NeoReserves for liquidity pools and VentureStream, a launchpad and investment hub for commodity-tech startups. Because when you’re dealing with trillions, you need all the tech you can get. 💻

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2025-04-03 18:05