Commodities hold great potential for blockchain in multiple dimensions. Provenance and traceability is becoming more and more relevant for stakeholders in big commodity companies, as there is a growing emphasis on ESG and clean sourced raw materials.
Commodity trading is also poised to be enhanced by blockchain solutions. Automated settlements enabled by blockchain is an area where innovative solutions could streamline the industry as a whole and generate massive value by cutting costs and unnecessary dependencies.
Finally, innovative tokenized financial instruments could provide trade-finance liquidity for smaller players, as well as serving for financing the operations of producers directly.