, Columnist
How Blockchain Could Revolutionize Commodity Markets
The technology has already been adopted for gold trading, but could be extended to other sectors in the asset class.
It glitters, and you can change it for gold.
Photographer: Dan Kitwood/getty ImagesBlockchain technology, which has already been adopted by gold traders, is starting to show the potential to transform other sectors of the global physical commodities markets.
While it wouldn't necessarily boost commodity prices, the innovation could offer a secure means of exchange of raw materials, open up channels of trade among buyers and sellers that had until now have been perceived as credit risks, and provide more transparency and liquidity to a market that has slowly lost favor among financial institutions.