Commodities. We all need that in our daily lives anywhere you are in the world. Whether it's grains, breads, coffee, gold oil, etc. A commodity is a basic good used in commerce that is interchangeable with other commodities of the same type.
And we all need to get a source to our everyday commodities. What if we are lacking of source in our city or maybe in our country, we also have to consider looking for it anywhere in the world.
That is TITA is made for. Tita Project is all about building a decentralized ecosystem powered by Blockchain technology for the buying and selling of locally or globally traded commodities and finished goods so that we can access it anywhere in the world.
TITA means buy-sell in a Native African Dialect.
This project is designed to create a solid infrastructure that solves the basic and complicated issues with the trading of commodities and end users goods.
Virtually all agricultural, energy, and industrial commodities must undergo a variety of processes to transform them into things that we can actually consume.
• Spatial transformations: - involving the transportation of commodities from regions where they are produced (supply regions) to the places they are consumed
• Transformation in time: - Just as the locations of commodity production and consumption typically do not align, the timing of commodity production and consumption is often disjoint as well.
• Transformation in form: - commodities often must undergo transformations in form to be suitable for final consumption, or for use as an input in a process further down the value chain.
Commodity trading firms are vital agents in this transformation process.
These are traders who trade in the commodities markets for the sole purpose of profiting from the volatile price movements.
Over the past few years, Turing-complete programming languages have been implemented into decentralized Blockchains. These systems use “smart contracts” (software programs stored on-chain that are automatically implemented upon specific conditions being satisfied), to add and modify data algorithmically however a user designs it.
By directing the flow of credit in our economy, they decide the shape of our world – the houses we live in; the businesses we work for and buy from; and the activities that protect or destroy our environment.
For more information about them, kindly check this links below:
Website: https://titaproject.io/
Ann: https://bitcointalk.org/index.php?topic=4508764.0
