Incredible

#sign地缘政治基建 $SIGN
Due to the sharp rise in oil prices by 1.5, I was chatting with a friend in logistics while waiting in line at the gas station. He mentioned that there is now an additional process for goods shipped to the Middle East; they have to ask the client if they are on the chain. I was taken aback and quickly asked him what the situation is now; has it become more complicated? He explained that using traditional methods to ship there requires at least three days for background checks, as everyone is very afraid of hitting sanctions-related minefields. In such cases, let alone making money, it can easily lead to losing both people and money. However, for those partners verified on the $SIGN test network, it takes a maximum of half an hour.

I only realized that there are already projects quietly ahead of everyone else; the latest test network @SignOfficial has currently connected with over 200 trade service providers, covering key global shipping routes in Southeast Asia, the Middle East, and Africa. Even in geopolitically sensitive areas, they have already successfully navigated these routes, no wonder others can make money.

In traditional trade, trust is point-to-point. What does point-to-point mean? To illustrate, Mr. A and Mr. B have cooperated for ten years, trusting each other, making transactions very fast. However, if Mr. C wants to do a first-time transaction with Mr. A, they have to start from scratch with background checks, document reviews, escrow processes, and a series of other procedures. Even after completing these, the transaction volumes in the early exchanges are very limited. In this case, every new cooperation incurs repeated trust costs, which wastes a lot of time and affects transaction efficiency.

The logic behind $SIGN is to expand individual trust. For example, when freight forwarders, customs brokers, banks, and insurance companies all work within the same signature network, only a small verification is needed for the whole network to recognize it. Whether a partner is reliable can be easily checked by looking at the on-chain signature records. Transactions can be completed quickly; wouldn’t that be highly efficient?

What @SignOfficial aims to do now is to transform the project from a tool into an industry standard. For instance, on the Red Sea-Middle East route, $SIGN can leverage geopolitical struggles to quickly expand its client base. When both upstream and downstream in an industry are included in the project, other units in that industry will have no choice but to choose you. Take WeChat as a reference; everyone is using it, and even if you don’t want to use it, you have to. It’s indispensable in work and life.
#Sign地缘政治基建