What is the use of cryptocurrency in TradeTrust?

Cryptocurrencies are used to pay for the recording of NFT transactions for electronic transferable records during issuance, ownership transfers, surrender, etc. In operationalising TradeTrust, Business Solution Providers insulate users from cryptocurrencies, managing the cryptocurrencies required to pay for recording NFT transactions.

The cryptocurrencies utilised in TradeTrust are not used to settle trade (i.e., payment for goods) and are not tradable. They are used solely to power the recording of the electronic negotiable document from the transferrer to the transferee on a public blockchain.