How to trade commodities in a blockchain platform?

[laceykasen2503]

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.

[ruthhelen]

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.

[Jessi Steephan]

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

[elisiafernandas]

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.

[andriyanetson]

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..

[AliyaNasar]

 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

[livingfree]

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.

[Jessi Steephan]

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.