Three things every commodity market needs:
1. Fungible units
Gold: 1 oz = 1 oz anywhere
Compute: every contract is unique ❌
2. Price transparency
Oil: WTI, Brent published daily
Compute: real deals are confidential ❌
3. Tradeable infrastructure
Electricity: day-ahead markets exist
Compute: can't resell a signed contract ❌
That's the gap we're closing.
More on commodity formation: