the real question is why! it is like saying from tomorrow i will use a tank to drive to work instead of using my car. in order to trade sugar in a centralized place there is no need for smart contracts or even blockchain, it can be done a lot easier and more efficiently with traditional ways similar to how you would trade stocks for example. i honestly don't see the benefit of blockchain here.
There is no doubt why DMCC Signed the Strategic membership and is interested to use blockchain. They used it to have smart contracts to verify the reservations and make the tradings more transparent. That is basically it. For me, that is a wise decision to make. The sugar is a big market with a lot of affiliates. DMCC just wanted to make sure they can get all the profits without unfair markups from every distribution chain. Blockchain is the best way to avoid people who take advantage of the chains. People that mark up high, and people who do not follow the chain.
