Today, no one is surprised by cryptocurrencies or tokens that users on blockchain platforms receive as rewards for certain actions, or by posting content ranging from texts to photos and videos posted on social networks. And also in the tokenization of the economy, making payments for goods and services. Many economists and financiers today are also proposing new schemes to replace fiat with crypto in commerce, including marketplaces. All of these alternative payments to the global banking system are already looking like a real sector of the virtual economy in many countries around the world. It turns out that tokens and cryptocurrencies are becoming supranational units of account.
As I said earlier in my posts, the unit of account for goods and services may soon be linked to gold. We may once again see the introduction of a gold standard in trade, and in producers as well. All because gold is the real equivalent for the settlement of all currencies. So the gold standard is applicable to cryptocurrencies and tokens that some blockchain platforms are already issuing. As an example, this is the blockchain platform GOLOS with the GBG token, which is pegged to one milligram of gold. It is a stabelcoin whose exchange rate is less volatile than typical market-based cryptocurrencies or tokens with high volatility. Something similar is needed for the marketplace.
Regarding international trade on a blockchain marketplace, payment for goods could take place via receipts or promissory notes (bills of exchange), without the physical movement of gold, as was already the case in the USSR with the clearing system of netting payments and goods. In this case, you can apply the principles of cooperation, as in the CMEA states with the use of "transferable ruble", which today is not prohibited by international laws in trade in the bilateral and multilateral settlements of the participants. Russia is already trying such financial settlements between India and China. We have more convenient opportunities to connect Internet trade and the real economy by inviting buyers and sellers.
And how can we apply cryptocurrencies and tokens to international trade by launching a tokenization project, developing tokenomics on a blockchain platform as a system solution for payment for goods and services in commercial transactions between platform users on the marketplace, as sellers and buyers. The ecosystem or blockchain platform could then be seen as a free economic zone (FEZ) for anyone who would be registered on the platform and on the marketplace. Token issuance should then be under the control of the commission and the management of the platform, so that uncontrolled inflation or hyperinflation does not occur. With this project, it is possible to tokenize physical gold, which is an asset.
And it is a very necessary asset, supported by real physical gold for the blockchain platform and trading platform - marketplace, due to this asset it will be possible to issue tokens required for trading, for offsetting transactions for internal (online) and external (offline) clearing and issuing short-term loans for users, but only in notes under the developed promissory note program. In the near future will be launched as a means of payment digital Russian ruble as stabelkoin. They also want to run and issue a gold ruble (apparently, as an example, the transferable ruble of the USSR), both for the domestic market in the country, and for international trade. I do not know what this will mean for the country's economy, but it will definitely be convenient for business and trade.
Images are posted from public sources of the Internet.
354.411 SRY