Commodity digital assets:financial innovation requiring cautious development
In recent years,the rapidly growing digital assets are electronic assets issued or transferred using dis-tributed ledger or blockchain technology.Commodity digital assets belong to the category of real-world asset tokens,covering commodity types including agricultural products,soft commodities,and precious metals.They are based on commodities,connecting tokens with commodities,issuing and trading them on the blockchain.Blockchain builds a value network,and the market expects that blockchain technology will create 10 times more value than the internet in the future.The United States advocates the development of digital assets market,hoping to continue leading the world in technological innovation and ensure that it becomes a leader.Developing digital assets for commodities can effectively reduce transaction costs and credit risks,make information disclosure more transparent,simplify transaction proces-ses,and make payments more efficient and convenient.But new trading models and technologies also bring correspond-ing risks:firstly,blockchain technology will limit the ability of exchanges to cancel and modify transactions.If exchan-ges、risk management companies of futures brokers do not fully understand and solve the problems of blockchain tech-nology,it may pose potential risks to their operations.Secondly,the volatility of digital assets is relatively high,which may lead to new forms of manipulation and fraud,affecting the market price discovery function and financial stability.
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