NuGenesis Announces Commodities Trading Platform With Serialized Digital Assets – CryptoMode

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For anyone familiar with the scalability issues plaguing the Ethereum network, the NuGenesis blockchain is a panacea. Existing distributed ledger technology and blockchain systems are primitive and unable to scale. Doing so would require a complete dismantling of existing blockchains.

Now NuGenesis has solved the scalability problem. Designed with the end in mind, NuGenesis has created a consensus protocol blockchain with internal AI technology, allowing it to process an infinite number of transactions per second. Yes, it’s true! NuGenesis has unlimited transaction processing speed. And that’s just the beginning.

Now the NuGenesis team is adding a commodity trading platform to their repertoire. This week, NuGenesis announced that it has partnered with the governments of the United Arab Emirates and Africa to create a commodity trading platform on its layer-1 blockchain network. can be overestimated.

There are many Layer 1 protocols, but you have never seen anything like it.

NuGenesis’ patented AI technology serializes each digital asset to “peg and pair” it with the underlying assets they represent.

By recording the underlying commodity on the NuGenesis blockchain, it is possible to trace its history across the entire supply chain. Once the commodity is represented by a security token, it can be traded globally without ever having to be physically traded or transported. Imagine exchanging gold without ever having to leave the vault!

The NuGenesis Solution

The NuGenesis Network has developed the first of its kind being a zero-gas, zero-fee Layer 1 blockchain protocol, which enables true “peg and match” of any asset, using a uniquely identifiable coin ledger and blockchain system. . Using a designated anchor (any tangible asset), NuGenesis can mint coins, based on the direct input of the asset’s measurement.

It is a fully self-contained system, deriving its monetizable amounts directly from designated anchors, valuation of agreed measurement, weight and/or governance. For example, for every gram of a physical good weighed and confirmed, the system will mint the required number of coins. Likewise, for every gram or asset removed from the system, the NuGenesis Smart Chain will burn the equivalent value in coins.

The protocol of the NuGenesis Asset platform not only enables the digitization of assets, but also the ability to use the digitized asset as a form of liquidity to be purchased/applied or appropriate to projects deployed on the NFT multi-coin chain of the NuGenesis Asset protocol.

The system holistically solves the problems of digitizing truly matched assets and their convertibility. It also allows the direct exchange of various pegged currencies without the need for an external intermediary exchange. For example, gold and silver, silver and iron, or any asset stored in NuGenesis Asset systems can be traded dynamically and atomically.

Anchoring and pairing protocols

NuGenesis anchoring and matching protocols are designed to promote application to newly developed asset classes. Examples of measurable asset types include carbon credit systems; power repurchase agreements and preconditional systems, including pre-mining.

Use cases can be found with a pre-carbon measurement platform, pre-construction land developments, pre-zoning land distribution. It is any value-added platform that can be used to raise capital due to the liquidity and tradability that the system allows instruments of value to be recognized as assets.

The nature of each platform created will be determined by what is optimal for each existing or emerging asset class. NuGenesis allows the freedom to use any form of proxy for the value of a very specific project’s own Coin or NFT.

For example, an interactive layer 1 NFT that represents the revenue and capital gains of the building development project that “piles up” at each stage of the real estate development until it forms a very elaborate revenue right , capital growth, ownership and any share ownership rights.

Event-based derivative tokens can be based on any objectively observable variable with a known set of potential outcomes, a specified observation time, and a resolution source. This provides the ideal platform for even the most humble investor to take a position in a potential new energy source to be developed or in the prospect of the discovery and use of natural resources.

The future, with NuGenesis

Corporate social responsibility is good for everyone, consumers and businesses alike. Ethically conscious clients demand greater transparency in commodity trading. The NuGenesis blockchain facilitates the serialized tokenization of assets so users can source, trade, and track commodities from mine to market.

The market is no stranger to fraud scandals. Generally, the fraud was the consequence of poorly controlled physical inventories. Now, NuGenesis’ patented technology enables the creation of a complete audit trail for every asset and participant in the movement of physical goods.

The NuGenesis blockchain eliminates inefficiencies, administrative errors, and costly back-office processes, such as volume refreshes and multiple reconciliations.

Now, with NuGenesis, all parties have access to serialized verifiable data and verified transaction records. The impact on transaction speed and cost improvement is huge.

NuGenesis users benefit from significantly reduced credit risk due to its faster settlement times and reduced collateral requirements. Blockchain even enables smart bidding, eliminating negotiations between parties and tedious information exchanges.

With the overwhelming potential for massive disruption, no company operating in commodities can afford to miss this opportunity.

Businesses need to revolutionize their business to reflect technological change. Adapt or die. We must act now or we will all be left behind.

Website: https://nugenesisou.com/

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