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1st crude oil block chain shipment happened in February

by Futures Centre, Apr 11
1 minute read

Banks Turn to Virtual World to Modernize Physical Commodities Trading

Banks and traders are experimenting with the technology behind bitcoin in an effort to solve longstanding problems in the trading of physical commodities. Blockchain, the technology used to record ownership of the cryptocurrency bitcoin, has been making inroads recently in the financial world. Central banks and other institutions are exploring it for payments and data sharing.

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