Bitcoin Forum

We all agree blockchain and cryptocurrency has the disruptive power. However, we see no commodity traders enter the crypto and blockchain to enhance transparency.

adoption need time. crypto take the world by storm, commodities not fast enough in adapting crypto in to commodities trading. it might in future.

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Well, this is where adoption of the blockchain technology comes into play. Commodities trading platforms are traditional in nature, they are stuck in their old ways, but with wider adoption of blockchain, they become enticed to give it a try.

The problem with blockchain is that the interactions in the chain are trustless but the real world is not. There are projects that are backed up by commodities, but they require constant audit.