NewzoneEX: Where commodities don’t Tread (Trade) with Fear

Every now and then there comes a disruptive force, which changes, rather breaks the status quo of an entire ecosystem to make it better, much better. Harbouring this thought, we at NewzoneEX have taken steps to bring about an everlasting change in the commodity trading space. But, first, let’s take a look at why there was an indispensable need for the much-needed change. Our careful study of commodities has led us to believe that there are several factors affecting the way commodities are being traded.

Few setbacks in the orthodox method of Commodity trading are:

Limited trading hours
Lack of transparency
Disparity of reports
Middlemen obstructions
Inefficient Supply Chain Management

As mentioned, these are only a handful of the snags faced by commodity traders. The million dollar question here is, how do we, at NewzoneEX, emerge victorious in such a scenario? How do we rise above these impediments that have been nothing but restraints in the trade market? The answer lies in collaboration with the most transparency oriented and quick paced tech, which also induces a strong pinch of innovation in the existing space. And that’s where Blockchain technology comes into the picture. With Blockchain, the entire process becomes streamlined; as a consequence of such structured streamlining there is an enhancement in the ecosystem for hyper-scale trade infomediaries, in Commodity trade.

With Blockchain there won’t be any time limit for the trading process, as the operation will be carried out real-time. An enhanced platform for trading is created by the use of Blockchain, this resultant platform elevates trading in many aspects. Here are a few advantages of Blockchain:

Higher Transparency
Higher Security (Needed especially for precious metal trade)
Eradication of Middlemen
Clarity on Quality Checks
Advanced Tracking of Shipments at Every Stage
Smart Contracts to Build Trust in Trading

These features make blockchain a really powerful tool to be used in trading of commodities worth billions.

Also, we are happy to be the world’s first commodity trading platform to use blockchain. We invite everyone out there to partake in our crowdsourcing and to get your hands on NewzoneEX tokens to trade commodities with ease. Your chance to connect with the future of commodities is here with us.