Yeah you have a good point, kinda apples and pears in my comparison there. I will be honest with you I don’t know all the bloody details of how international trade works, but what I do know is that it involves a lot of money, and a lot of “certificates” to move goods from country to country and track money. Traxia , or Emurgo and Liqease, looks like they are trying to replace these paper certificates, money transactions, and middle men in the process so they can get better access to investor money and improve long delays in cash flow.
So I look at it like this when I bought some Traxia… Ada is a currency that you would use to buy a product. Traxia is like a vehicle that carries a product. But neither one of them are the actual physical product.
Traxia will likely have to contain a lot of meta data, signatures, and even the invoice or a blank spot to put an invoice I suppose, I read a little here and guess little there, filling in the blanks. Traxia is like the certificate that allows you to operate on a international trade blockchain and store the information needed by sellers and buyers. The product for Traxia is the information and exchange of value between the sellers, buyers and investors. Instead of having a server farm and a bunch of trusted agent middle men storing and tracking the process, you are using a blockchain of Traxia storing all the invoices, agreements, signatures, and payment information. So purchasing Traxia is like purchasing the infrastructure, and as that infrastructure comes under greater demand the value of that infrastructure will go up. So it’s like Liquease and Emurgo are giving us a chance to invest early in the infrastructure that will be used to move international trade business to a blockchain.
Here is an example… I used to be in the military and pulled some duty enforcing UN sanctions. I was a grunt, not a decision maker or policy maker. Our team would board oil laden vessels transiting the Arabian Gulf from various countries and verify they were legit, and we would try to catch smugglers - people moving ships and oil illegally. The operators of these ships could not use real money like Dinar or Dollars (or Ada) to buy and move oil. They had to buy these certificates in Bahrain that were tracked and accounted and had anti-counterfeiting features on them. These certificates represented like 25,000 barrels of oil each so they would need a small stack of these papers for their payload ( the actual product being oil). The purpose of the certificates was to keep oil money from going to terrorists or bad actors, and all money was tracked. They would use various currencies to purchase these certificates and the certificates were worth a fortune (worth so much that some merchants would try to counterfeit them). So I guess in my mind I am comparing Traxia to the certificates. And as the price of oil would rise and fall, or the value of currency would rise and fall, these papers value would change as well.
I really don’t understand the whole thing, I have to place a little bit of trust that those smart people at Liqease and Emurgo with MBA degrees and trade experience know what they are doing. I am just taking a gamble on people and Traxia improving the international trade finance stream causing Traxia to go up in value.