Hello, tech enthusiasts! Today, we dive into the exciting world of a Web3 startup that believes it can revolutionize the way tariffs are tracked.

As President Donald Trump rolls out a new wave of tariffs, dubbed “Liberation Day,” this innovative startup is stepping up with a bold proposition: to automate tariff tracking on both incoming and outgoing goods through their blockchain technology.

The startup, known as Watr, is already making waves with its platform, currently utilized by major mining companies and automotive manufacturers. With a leadership team boasting backgrounds from Shell, BP, and J.P. Morgan, they certainly have the expertise to back their claims.

Watr’s CEO, Maryam Ayati, explained how their technology could check commodities for tariffs before transactions occur, potentially bringing peace of mind to traders navigating complex regulations.

This platform isn’t just another high-flying promise; Watr has substantial financial backing from a network of crypto investors and commodity executives, hinting at its viability.

Ayati highlighted their aim to blend reported data with satellite and sensor data to ensure transparency. For example, ensuring a commodity’s route and verifying whether it was redirected can offer vital insights to stakeholders.

This capability would not only align with Trump’s desires for effective trade tracking but might also streamline global trade practices affected by tariffs. Given the global commodities market’s staggering value of $20 trillion, the stakes are undeniably high.

Employing blockchain tools, Watr plans to reshape the trust and traceability within the economic framework. They started with tracking commodities based on ESG standards but are now pivoting towards sanctions and tariffs, ensuring compliance in real-time transactions.

Watr recently announced its migration to the Avalanche blockchain, a strategic move to build a tailored solution for the commodities sector.

The success of Watr could mark a pivotal moment for blockchain adoption in global trading, as indicated by Web3 investors who are keen to see whether their lofty promises materialize.

It’s an intriguing time for Web3 technologies in the commodities sector, and Watr might just hold the key to unlocking a more efficient trade environment. Keep an eye on them!