Modernizing Commodities Trading Exchange with NewzoneEX

Let’s begin with some statistics before we go into the details.A report by PWC stated that the startups of the 21st century are testing their applications on the blockchain. This was further supported by the fact that 70% of the interviewed CEOs consider blockchain to be the biggest disruptor in the next five years. So how does this help?There are three major milestones that NewzoneEX Commodities Trading

Exchange Platform intends to conquer with Blockchain Technology :

• Trust with Distributed Ledger

The NewzoneEX Tokens relies on the trusted network and are secured through the principle of the distributed ledger. The transaction is decentralized and integrated into the blockchain through a Proof of Work.

• Tokenizing Assets

At NewzoneEX, we intend to introduce tokens like NewzoneEX Gold & NewzoneEX Silver which are backed by real-world assets and can be traded in our platform.

• Smart Contracts

Due to a trigger event for the execution, the Smart Contract enables transactions on the blockchain.

Why would Blockchain help in Commodities Trading?

• The supply chain is transparent leading to real price without arbitrage manipulations while linking milestones to actions.
• The marketplace of commodities is created in an atmosphere of trust in the sourcing through a permissionless and consensus mechanisms.
• The cost is optimized due to fewer intermediaries, simplified automated processes, fewer infrastructure requirements and increased operational efficiency through digitization of assets.
• Blockchain provides control and security through hash encryptions for transactions, data protection, settlement & fraud risk.
• Since the transactions are recorded on the blockchain, the cost of compliance and regulatory oversight reduces.

The potential benefits of blockchain in commodity trading would form the backbone for the real-use cases of blockchain apart from Cryptocurrency and Fintech. This is where NewzoneEX Commodities Trading Exchange Platform creates the differentiation by leveraging the potential benefits of blockchain technology.

NewzoneEX Trading Platform has the following benefits :

• Only verified users can use the platform creating an atmosphere of trust.
• Multiple parties can view and update the data which is recorded on the blockchain
• No intermediaries would reduce cost and thus increase margins
• Time is money and a reduction in delays such as payments can increase liquidity for the business.

NewzoneEX Commodities Trading Exchange is going to revolutionize the age-old commodities trading with an automated ecosystem which is built on blockchain and smart contracts. Through NewzoneEX Tokens, the company is propelling for an industry adoption of Blockchain technology to increase trust, security and profits for the industry.

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