It Is Possible To Setup New Blockchain System For Raw Commodity Trading Between Nations
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To avoid sanction, nations can setup new blockchain system for raw commodity trading.
Many nations such as Russia, Iran, North Korea, etc. can do that.
You can sell oil, gas, petrol for rice, nuts, bean or even in other no-popular currencies like rupee, bath, dong, etc.
The new way of trading is diversity with the help of technology.
There is absolutely no need for any contract.
Example:
The Russia have oil, gas but want rice, beans.
Vietnam have rice but want oil.
Sri Lanka have beans but want gas.
Can they trade for each other without the need of any international currency like US Dollar or Euro?
Yes absolutely !
Due to the quantity and requirement are not the same, so instead of rely on one nation, they can gather goods from many other one.
Here it seems like the ancient times when the “money” not yet appear.
Goods for goods !
The system can be working for 3 way of trading between nations as well.
In theory, can that kind of system be designed and setup?
Yes, easily within 30 days if all nations want it (since they have the best coders tech people).
I don’t know what exactly hidden rules between nations.
But if that allowed, then they can avoid sanctions by do not using any money at all !
Can oil, gas become a currency in real life?
Yes !
Just theory game.
I don’t get paid and have not interested in crafting more insight knowledge.
Best Regard,
The Savior Messiah Buddha
Source, More Info: https://humanitywhole.wordpress.com