GSCG – A COMMODITIES EXCHANGE WITH A DIFFERENCE
The GSCG platform has been designed using blockchain technology.
Our proprietary blockchain platform is developed and tailored to deliver industry leading risk management tools. The platform is also designed to incorporate a proprietary digital asset to facilitate instantaneous transactions, and Smart Contracts to assist in the automation and securing of numerous workflows.
What is blockchain technology?
Blockchain is a distributed database existing on multiple computers at the same time, with no single authority. The database stores data in blocks rather than a single file. Each block contains a timestamp and a link to the previous block, so they form a chain.
Blockchains create permanent records that cannot be edited or deleted, making it impossible to manipulate by faking documents, transactions, or other such critical information. This improves trust between participants by having multiple points of verification and allows blockchains to be used as the sole ledgers or database.
They can be distributed and trusted by multiple sites, countries, or institutions.
How GSCG blockchain-based platform distinguishes us from other exchanges
One of the biggest issues in commodities today are the concerns over authenticity and delivery. With our proprietary GSCG Growth Cycle Tracking technology built on blockchain technology, we will be able to provide real time Seed-to-Delivery tracking to guarantee provenance and quality at each stage of the supply chain.
The GSCG Blockchain will capture data from the nature of the seed even before it is planted all the way through delivery to the buyer. The immutable nature of blockchain will ensure the veracity of the data. Once the data is captured on our blockchain, it cannot be changed or altered in any way and will be accessible to all parties involved in the transaction.