Bitcoin Forum

Bitcoin => Project Development => Topic started by: Adeyemiky3 on July 29, 2018, 08:15:37 AM

Post by: Adeyemiky3 on July 29, 2018, 08:15:37 AM

Total Available Token: 165,000,000 5M USD Seed Funding

Soft Cap 5M USD

Hard Cap 55M USD

The challenges in trading commodities Insufficient trust The physical commodity trading process lacks transparency in terms of origin, quality and quantity of the ordered commodities as well as the shipment details. Hence, buyers cannot entirely trust their trading partners and end up involving mediators such as brokers, private investigators, and arbitrator etc.

Documents Transactions may include a significant amount of manual administration due to discrepancies in documentation. Manual documentation is both time-taking and prone to errors. Hence, manual documentation not only leads to delays of a few weeks but also results in increased costs.

Quality assurance Physical commodities require crucial quality assurance. But the regions in which most of the goods are manufactured commonly have very lenient supervision. Even the documents can be easily altered. Given the lack of transparency in the system, the quality assurance remains questionable in commodities trading.

Secured capital In the current market situation, SME's face challenges to seek assistance from Financial institutions to obtain financing for commodity trading. Even after meeting the stringent economic requirements for trade finance due diligence check, limited visibility and insufficient evaluation from potential financiers make SME significantly less likely to receive financing relative to larger players.

OUR SOLUTION - The KRATOS platform KRATOS- A decentralized commodities trading platform, significantly transforms and enhances international physical commodity trading across its whole product life cycle. Commodity trading challenges include insufficient trust, manual documentation, and unnecessary intermediaries. These problems often result in significant time-delays and high cost. KRATOS is an Ethereum-based platform that employs Blockchain Technology and Smart Contracts to address these challenges. As a result, KRATOS platform delivers better transparency, higher efficiency, and less complexity than any other existing system. The use of this platform would result in more timely deliveries and lower cost.

KRATOS has developed a Token Curated Registry process for trades submitted to the KRATOS platform. Trades submitted on the platform for trade finance will be curated by token holders. The output of this curation process will be a list of high-quality trades, which will represent a subset of trades that may not otherwise receive financing.

It would be difficult for others to compete with Arkratos since it already has a functional MVP and has secured commitments for the use of its platform from multiple global commodities trading firms.

Visit KRATOS website today and join the Telegram group