Venezuela's trade buffers for their oil trade are controlled by New York, where the fiat banksters first extract usurious interest and loan installments for real and imaginary debt before leaving peanuts to Venezuela.
These peanuts are insufficient to pay for even the most basic food imports. The New York banksters are gradually starving the Venezuelan population to death. It is not clear what exactly they want in exchange to stop doing that. The negotiations are too secret for that.
Maduro has now decided to bypass New York control. He has said that he will do a ECR20 ICO and effectively settle payments for Venezuela oil trade on the Ethereum blockchain.
In my impression, Maduro has to proceed fast, because the Venezuela population hasn't been properly eating for a long while now. He really has to get the containers with food sailing on the high seas, in the general direction of Venezuelan port facilities, if they can still handle the influx, of course.
Furthermore, Venezuela should also declare a full default on all its loans. Given the absence of any possibility of collection and/or enforcement action on the cryptomarket, against Venezuelan crypto oil trade buffers, Venezuela should be able to settle with creditors for cents on the dollar.
This is also an incredible opportunity for food export companies to ship food -and other basic supplies to Venezuela in exchange of crypto. They will have money again. You can actually sell pretty much anything to them at the moment.