Coinspeaker Blockchain Metal Company is Introducing Smart-Contracts to the International Commodities TradeBlockchain Metal Company is tokenizing the ownership of copper with their first product the Cu Coin MBX; an ERC-20 token with a real world value and one of the most secure legal frameworks on the crypto market today. Legally representing a negotiable electronic warehouse receipt for 1 Kg of Grade A Copper Cathodes each.By doing this they are creating a secure connection between the Ethereum blockchain and physical copper and thus act as a sort of “oracle” for the delivery terms of smart contracts when used for trade deals or even as automatic settlement of future contracts.By using Cu Coin MBX smart contracts could now be programmed in a way that both payment and delivery obligations can be executed turn in turn by the decentralized software code functioning as self executing contract, or in the example of automatic future contract settlement, by determining a date at which the copper is to be delivered to the contract partner. This proves to be a cost and time efficient alternative for executing trade deals between distant and untrusting parties without the need for any intermediaries.The ethereum blockchain is the most distributed blockchain and has the largest developer community amongst all other blockchain networks.  Smart contracts are not the only benefit that comes with tokenizing the ownership of copper. The other benefits of decentralization are on hand: Fewer intermediaries result in the lowest transaction, trading, and operational fees.It is considered highly secure and allows for the storage of assets in autonomous electronic wallets enabling holders full control of their assets. Furthermore, traders can transfer their assets in between online marketplaces in which they want to trade in, as well as trade in off-market so called “over the counter” deals.Cu Coin MBX unites consumers, physical traders, financial instrument traders, long term investors and those involved with cryptocurrency investment and speculation under one platform and instrument. The Ethereum Blockchain is simple to use and highly accessible, opening the metals trade to a whole new group of actors and funds.But Cu Coin MBX has more to offer than technological superiority: Holders of Cu Coin are the direct owners of ready to deploy copper without any complex contractual systems and so do not face the risk of liquidation or non-delivery through the Blockchain Metal Company. Even incase of dissolution of the BMC, holders of Cu Coin will be entitled to the underlying copper. When prices move against open CFD or Option positions the provider may liquidate the positions at a loss for which the speculator is held liable for.Another dimension is counterparty risk, if the counterparty to a contract fails to meet their financial obligations, the instrument may have little or no value regardless of the underlying asset. This means that a CFD trader could potentially incur severe losses, even if the price of the underlying asset moves in the desired direction.Blockchain Metal Company plans to tokenize more metals such as Aluminum with the same model in the future. Their company own online exchange Metal Blockchain Exchange will later be used to emit new crypto-assets backed by new metals.Learn more and claim your early registration bonus at metalbx.comBlockchain Metal Company is Introducing Smart-Contracts to the International Commodities Trade

Brazil-Based Crypto Crime Ring Is Dismantled
Wednesday May 22, 2019

South America has become a huge haven for cryptocurrency. Unfortunately, being a haven for digital currency activity can have a bit of a downside. Crypto Crime Is Still Prominent Recently, a massive cryptocurrency crime cartel in Brazil was shut down by officials after leaders conned over 50,000 people out of more than $200 million. Investors […]

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