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 costs. KRATOS is an Ethereum-based platform that employs Blockchain Technology and Smart Contracts to address these challenges. As a result, the KRATOS platform delivers transparency, higher efficiency, and less complexity than any other existing system. The use of this platform would result in more timely deliveries and lower costs.
KRATOS has developed a Token Curated Registry process for trades submitted through its platform. Trades submitted on the platform for trade finance will be curated by token holders. The result of this curation process will be a list of high-quality trades, which will represent a subset of trades that may not otherwise receive funding.
It would be difficult for other platforms 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.
Problems in commodity trading:
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.
Arkratos solution:
Arkratos has developed a platform called 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.
KRATOS Token Offerings
A utility token
Built on Ethereum ERC-20
To be used for Token Curation Registry (TCR) process
In conclusion, I want to mention a professional team with many years of experience, which qualitatively works on the project. I recommend paying attention to the project, it is really an innovative project of 2018 with great potential and an excellent future. Become a part of the future, have time to buy tokens while there is still a possibility at a discount!!!
More information about KRATOS:
👍 Website: https://kratospct.io
👍Roadmap: https://kratospct.io/#roadmap
👍bitcointalk: https://bitcointalk.org/index.php?topic=3079521.msg31758152#msg31758152
👍Twitter: https://twitter.com/Arkratos_com
👍Facebook: https://www.facebook.com/ArkratosBlockchain
👍Telegram: https://t.me/arkratos_group
👍linkedin: https://www.linkedin.com/company/arkratos-com
👍 reddit: https://www.reddit.com/user/Arkratos_/
👍 github: https://github.com/ArkratosBlockchain
Author of the article: https://bitcointalk.org/index.php?action=profile;u=2141547
Join Telegram group: https://t.me/btcbase
ETH address: 0x189a9F52AD2bE70276953351530b3fEf7b916Beb
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