Three Possible Ways that Blockchain Technology Could Disrupt the Commodities Industry

By Alex Cohen, Co-Founder and Managing Director, New Beacon Partners and Luis Quintero, Co-Founder and Managing Director, New Beacon Partners

This paper discusses three potential applications of blockchain technology, namely how the technology could be incorporated into (a) the current United States crop insurance industry, (b) supply chain logistics to help increase food safety and minimize the cost of food recalls, and (c) a new mechanism through which investors can gain direct exposure to commodities and commodity producing assets.