BITNAUTIC: Decentralised Platform For Cargo and Shipping Industry Based On the Blockchain Technolgy
Introduction
The aim of a human being is to connect better with each other. We are our own friends who believe in the way society works. Business and opportunities present themselves in different shape and an experienced eye can recognise them easily. One of key development over centuries has been a meteoric rise in the transportation infrastructure. The high cost of shipping charges coupled with lack of safety and insurance for the goods being transported are a few of the many problems associated with the current shipping and cargo industry.
International cooperation among the different companies regarding the safety of the goods is one of the great ideas for bringing back the trust of people. The current challenges of the shipping and cargo industry are Lack of transparency, security threats, Job cuts, poor tracking of the cargos and labour disputes. There is a need for a new wave of technology integration in the field of cargo and shipping industry.
Solution offered
BITNAUTIC is creating a platform based on the blockchain technology for the maritime industry. People involved in the industry are relieved that the new platform for trade is being introduced in the market. There are various facilities available on the platform for the cargo owners, traders and agents. A few of the many features of the platform are mentioned below.
- An interconnected network of traders, clients and cargo owners on the Blockchain technology to ensure transparency
- Lower transaction Cost and multi-currency acceptance
- Global shipping currency to streamline the process of the shipping industry
- Digitized and transparent Transport, Brokerage and Booking system on the platform
- E-commerce Platform and Shipping & Cargo Marketplace
- Global Tracking tools for the Cargo and ship owners
- Exclusive deals and discounts for the traders and clients
They have designed a robust ecosystem based on the blockchain technology for the shipping industry which benefits each stakeholder of the industry. Proof of Stake is utilised for the mining transactions on the Blockchain application to save energy. Booking a cargo, listing your ship on the platform and managing the shipping is easier on the BITNAUTIC platform.
50 Million BTNT Tokens are created for the platform in which 70% is reserved for the ICO. Pre ICO starts from the 15th April 2018 and continues until 15th May 2018. The main ICO Starts from the 16th May 2018 and continues until 15th July 2018.
30% of the funds will be utilised for the marketing and sales while 30% of the total funds will be utilised for the facilitation of ship purchases. The team is experienced in the blockchain technology and business.
30% of the funds will be utilised for the marketing and sales while 30% of the total funds will be utilised for the facilitation of ship purchases. The team is experienced in the blockchain technology and business.
Conclusion
Companies spend billions of dollars on their cargo and shipping charges. They believe that optimal path for efficient transportation of the goods is one of the major success strategies of their growth. In general life too, we send many important things from one place to another. There are many companies who offer shipping services but the main challenge associated with them is the lack of transparency in their operation.
Making decentralised applications for the shipping industry to bring transparency and trust is one of the core mission of the platform. I think that they will be one of the pioneers of the blockchain technology in the field of cargo and shipping industry. What do you think about the various applications of the blockchain technology?
Website : https://bitnautic.io/en
Twitter : https://twitter.com/BitNautic
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