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Commodity Trading in the Blockchain Technology Era: An Investigation on Global Companies
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Author(s): Sonia Arsi (Carthage Business School, University of Tunis, Carthage, Tunisia)
Copyright: 2021
Pages: 15
Source title:
Influence of FinTech on Management Transformation
Source Author(s)/Editor(s): Amira Sghari (Faculty of Economics and Management, University of Sfax, Tunisia)and Karim Mezghani (Al Imam Mohammad Ibn Saud Islamic University, Saudi Arabia & University of Sfax, Tunisia)
DOI: 10.4018/978-1-7998-7110-1.ch002
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Abstract
The emergence of Blockchain technology is gradually disrupting the traditional way of trading commodities. To go beyond the theory to the practical cases, this chapter provides an overview of the Blockchain-based digital transformation process behind and the pre-requisites for its inclusion in the commodity industry. A reality check through vivid examples of global companies highlights the increasing attention drawn to the Blockchain. Furthermore, this chapter discusses the impact of Blockchain technology's use in improving commodity finance trades at different levels and optimizing the transactions' effectiveness. Finally, future challenges and useful perspectives for managers and commodity firms are spotlighted.
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