Why is the commodities trading not using the blockchain technology?

[AliyaNasar]

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

[sinkfish]

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

[NZEXToken]

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

You are correct. Commodities Industry needs a blockchain and crypto platform. This is why New Zone Intertrade FZE wants to use blockchain in their trading platform to ensure transparency and automation. Through our New Zone Tokens, buyers and sellers can trade without worry about payment delays. Come to our telegram and ask questions to us about how we are changing the face of commodities trading

[Brawnsugar]

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.

[Byzantium101]

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

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.