How to trade commodities in a blockchain platform?

Jessi Steephan

newbie

Activity: 30

Merit: 0

Quote from: andriyanetson on December 10, 2018, 07:02:53 AM

Quote from: laceykasen2503 on December 04, 2018, 10:20:34 AM

Presently, Commodities are divided into three categories:

Hard
Soft
Energy

Commodity trading faces a lot of impediments, such as:

Time Delay in Trading
Non-transparency in accounts
Unspecified Tracking
Document Verification while importing/exporting

And more..

What else do you think is the problems/challenges faced by commodity trading today?

I think we should take this to NewzoneEX as they are planning to shift from metal commodity trade to creating a blockchain based commodity trading platform.

I think there can be a change if something great is developed. Like AI and something in IoT..

Guys, do let me know if you know hassle free ways to import and export through the seas.

livingfree

hero member

Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

Never heard of that project but trading commodities isn't an easy thing to pass unless there has been tests made for its run.

Blockchain is decentralized and its a public ledger so I think it won't be hard to those that has been into the industry. I've seen a project that is doing this but with real estate assets converted to tokens.

AliyaNasar

newbie

Activity: 157

Merit: 0

I am a crypto investor and I feel there’s a scope of doing better in the commodity industry with Blockchain and Cryptocurrency. I mean that can really add some glitter to the industry

andriyanetson

newbie

Activity: 56

Merit: 0

Quote from: laceykasen2503 on December 04, 2018, 10:20:34 AM

Presently, Commodities are divided into three categories:

Hard
Soft
Energy

Commodity trading faces a lot of impediments, such as:

Time Delay in Trading
Non-transparency in accounts
Unspecified Tracking
Document Verification while importing/exporting

And more..

What else do you think is the problems/challenges faced by commodity trading today?

I think we should take this to NewzoneEX as they are planning to shift from metal commodity trade to creating a blockchain based commodity trading platform.

I think there can be a change if something great is developed. Like AI and something in IoT..

elisiafernandas

newbie

Activity: 112

Merit: 0

What do you think can be done? I mean there are laws and bills and everything that govern these things. It’s difficult to bring about a change in commodity trade.

Jessi Steephan

newbie

Activity: 30

Merit: 0

Yes I agree, importing issues are really uncrackable. You know how to escape this?

ruthhelen

newbie

Activity: 149

Merit: 0

Only these problems? I am pretty sure that there are a lot of problems that exist in the commodity trade. Importer and exporter worries and the report of shipments with tracking are a few issues that need to be addressed right away.

laceykasen2503

newbie

Activity: 7

Merit: 0

Presently, Commodities are divided into three categories:

Hard
Soft
Energy

Commodity trading faces a lot of impediments, such as:

Time Delay in Trading
Non-transparency in accounts
Unspecified Tracking
Document Verification while importing/exporting

And more..

What else do you think is the problems/challenges faced by commodity trading today?

I think we should take this to NewzoneEX as they are planning to shift from metal commodity trade to creating a blockchain based commodity trading platform.

Topic: How to trade commodities in a blockchain platform? (Read 175 times)