👉 The Weapon Transactions Protocol (WTP) is a blockchain-based system designed to streamline the buying and selling of weapons, aiming to enhance transparency, traceability, and accountability in the global arms trade. By utilizing smart contracts on a public blockchain, WTP enables secure and immutable record-keeping of all transactions, from weapon purchases to transfers and sales. This technology allows for real-time tracking of weapons ownership and movement, reducing the risk of illicit trade and enhancing international security efforts. Additionally, WTP promotes compliance with international arms control agreements by ensuring that transactions are verifiable and auditable.
