How Blockchain Could Revolutionize Commodity Markets

[Kargai]

Another nice article from Bloomberg, this time about how the blockchain technoly could change our habits when it come to physical commodities.

By making secure deals between individuals via blockchain, we don't need a financial middle man to oversight a transaction. They don't say Bitcoin will be the currency who will be use for that but that blockchain technology is here to stay on the long term.

And things are already partly in place since we can now own physical gold as a digital asset in a digital wallet and transfer that holding to any other wallet on the network. This could be extended to all the commodities for a better transparency and tracability of every products imaginable.

Source : https://www.bloomberg.com/view/articles/2017-12-22/how-blockchain-could-revolutionize-commodity-markets