EMCODEX stands for: Emerging Commodity Decentralized Exchange. So called commodity market is nothing else than a market where theoretically goods should be traded. In economics, the term commodity is a basic good used in commerce that is interchangeable with other goods of the same type. Commodities are most often used as inputs in the production of other goods or services and the quality of a given commodity may differ slightly, but it is essentially uniform across producers. From the point of view of a potential participant in this market (producer) this market is now no longer a market in which actual commodity exchange takes place, and it is primarily a market captured by speculators such as banks, financial institutions, or funds of various kinds.