2 weeks Ago
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.
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