I am a mechanical engineer, and as such, spend my days matching up dollars, specifications, and functinality. I am well aware of the importance of trust throughout the process of optimizing this three variable system, this trilemma. My personal interest in roots of trust started my slow journey into the realm of cyptography and eventually trusted computing systems. It turns out that trust is the foundation of any transaction, be it engineering, contractual, or financial and without it, commerce simply wouldn’t exist. But how can trust be commoditized? Enter blockchain technology and distributed or decentralized ledger technologies (DLTs).

Blockchain technology is one type of a DLT. A decentralized ledger is secured through cryptography. It allows for trust to be established in a peer-to-peer network, without the need for a central authority that serves as a trust broker. This has far-reaching implications for businesses of all kinds, as it opens up new avenues for secure and transparent transactions.

One DLT platform that is particularly interesting for its potential to commoditize trust is Radix DLT. Radix DLT is a new type of distributed ledger technology that aims to provide a faster, more scalable, and more secure platform for decentralized applications.

It uses a unique consensus algorithm called Cerberus, which is designed to be fast and scalable. This means that Radix DLT can process a high volume of transactions per second, making it suitable for use cases that require fast and reliable processing.

But what does all of this have to do with commoditizing trust? Well, Radix DLT’s fast and scalable platform makes it ideal for use cases where trust is a critical factor. For example, in supply chain management, where transparency and traceability are essential, Radix DLT can provide a secure and efficient platform for tracking goods as they move through the supply chain or for matching goods with shipping methods.

In addition, Radix DLT looks to vastly improve the developer experience. through its programming language Scrypto. Scrypto is the open source smart contract language of the Radix public network and it rethinks how smart contracts are built to finally allow the creation of secure and powerful decentralised financial applications.

Similarly, in the energy sector, Radix DLT can provide a secure platform for trading renewable energy credits, ensuring that each credit is authentic and that the trade is transparent and verifiable.

Overall, Radix DLT has the potential to play a significant role in the commoditization of trust. Its fast and scalable platform, combined with its unique features such as Scrypto, make it an ideal platform for use cases where trust is a critical factor. As Radix DLTs continues to evolve, we can expect to see more innovative solutions from this new trusted network and an entire new industry of new opportunities for secure and transparent business transactions.