- Watr’s goal is to make this pioneering sector more accessible to the advantages and advances that Web3 has to offer.
- The Watr blockchain ecosystem is the only one that was developed specifically for the $20 trillion global commodities sector.
Watr, the blockchain infrastructure that was purpose-built for the $20 trillion global commodities sector, made the announcement today that it has partnered with Avalanche and will be migrating to an Avalanche Layer 1 (L1).
Bringing the global commodities trade and finance, which includes metals, minerals, food, and fuel, into a onchain environment that is designed for liquidity, scale, and adoption is the primary objective of this strategic initiative.
In spite of its enormous scale, the global commodities sector continues to be hampered by legacy structures, which restricts liquidity, access, and profitability. Watr’s goal is to make this pioneering sector more accessible to the advantages and advances that Web3 has to offer by integrating decentralized identity, traceability, and composable smart contracts.
In addition to Maryam Ayati, who was the first person to oversee global origination and investment at Shell Trading, Watr was founded by individuals who had previously held leadership positions at Shell, BP, and J.P. Morgan. Ayati has been recognized by the World Energy Council as one of the most significant women in the energy industry. She has been the driving force behind Watr’s ambition to digitize the infrastructure of commodities finance and trade.
John Nahas, Chief Business Officer at Ava Labs stated:
“Despite being a $20 trillion industry, real-world assets like commodities have barely scratched the surface of onchain adoption. Avalanche is built for this exact moment—with sovereign chains, low latency, and institutional-grade performance. We’re proud to support Watr’s mission to enhance commodity markets by opening them to onchain structures and liquidity.”
Why Avalanche
Avalanche’s leading blockchain and growing developer ecosystem, which has previously been trusted by organizations such as JP Morgan, Citibank, and FEMA for key real-world blockchain applications, will be combined with Watr’s competitive advantage in the commodities market via this cooperation.
Together, they will provide commodities market infrastructure that is interoperable, compliant, and capital-efficient. This infrastructure will be based on a scalable blockchain that is capable of meeting the expectations of corporate partners in the present day. It will cover everything from mines and farms to investments in global finance. Watr is able to establish customized blockchains for a variety of commodities and counterparties because to the adaptable Layer 1 architecture of Avalanche. This is accomplished while maintaining compliance and performance at an institutional scale.
Maryam Ayati, Founder and President of Watr Foundation stated:
“Established Web3 concepts such as DeFi, Decentralized Identity, and smart contracts can address fundamental constraints in commodity financing, compliance, and trade. Building with Avalanche allows us to leapfrog the development cycle and leverage its ecosystem’s size and security to decisively take on this opportunity.”
The Watr Stack
In order to provide end-to-end traceability of assets, WatrMrks are used to record the origin, certifications, and possession of the commodity during its whole existence. Every shipment, batch, or asset has a history that cannot be altered and is available to those who are allowed to see it. WatrMrks have been successfully tested and integrated in closed-loop scenarios with prominent mining and automotive businesses. They will soon be deployed on Watr L1 and the wider Avalanche ecosystem. WatrMrks have been successfully tested and effectively integrated.
Within the commodities economy, WatrIDs constitute the introduction of decentralized identities for professionals, enterprises, and organizations all around the world. Access to apps that are part of the Watr ecosystem and beyond may be gained via the use of WatrIDs, which are trusted credentials that are portable and aligned with the standards of the W3C and the Key Event Receipt Infrastructure (KERI).
NeoReserves, which was developed by Neo, the company that developed the Watr ecosystem, will facilitate the operation of liquidity pools for further commodity financing contracts.
When it comes to commodities tech startups, VentureStream serves as both a launchpad and an investment center. It is responsible for driving an active developer community while also assisting in matching them with established market players.
It is intended for these components to collaborate with one another: WatrMrks are responsible for ensuring compliance and provenance, WatrIDs facilitate trust, and NeoReserves are responsible for unlocking verified capital and novel contractual structures. Collectively, they provide the fundamental elements of an ecosystem for programmable commodities, whereas VentureStream is responsible for fostering open innovation and facilitating increased adoption among entrepreneurs.
The Watr blockchain ecosystem is the only one that was developed specifically for the $20 trillion global commodities sector. From extraction to consumption, Watr integrates traceability (WatrMrks), decentralized identity (WatrIDs), asset tokenization, and smart contract-based financing to offer flexibility, compliance, and fresh liquidity to global economy. Watr is a blockchain-based platform that brings together these elements. Watr is reinventing the way in which the lifelines of the global economy flow. It was founded by pioneers from both the Web3 economy and the commodities industry.
The Avalanche blockchain platform is a lightning-fast and low-latency blockchain that was developed specifically for developers that want great performance at scale. The design of the network makes it possible to create public and private layer 1 (L1) blockchains that are autonomous, efficient, and completely interoperable. These blockchains make use of the Avalanche Consensus Mechanism in order to achieve high throughput and near-instantaneous transaction finality. Avalanche is the ideal enviroment for a future that will include a composable multi-chain because of the simplicity and speed with which an L1 may be launched, as well as the extensive range of architectural customization options.
Avalanche provides a quick and inexpensive environment for the development of decentralized apps (dApps), which is supported by a worldwide community of developers and validators. The platform of choice for innovators who are pushing the frontiers of blockchain technology is Avalanche because of the mix of speed, flexibility, and scalability that it offers.
