afdalah12: BitNautic - explains how Blockchain Technology works in shipping and trading

Hallo meet again with me sarta afdal, I will explain Blog I will introduce about BITNAUTIC project, and for more details let's go to the following discussion:

PRESENTATION

Bitnautic is a human-centered but technology-mediated platform that is working to monotonously create a shipping system that will ensure and make provisions for total transparency, trust and sustainability of the entire industry. The bionetwork is aiming to as a corollary provide better fortune and global opportunities to not just consumers, traders and so on but to brokers/agents including ship owners and other participants in the shipping industry. The platform will function as an international marketplace where different participants in the industry can interrelate and interexchange valuably without limitations usually experienced in the conventional system which is always characterized by rigorous intermediaries and regulations capable of frustrating investors on the long run. Analytically speaking, the industry has in the same vein experienced exponential growth and as exemplified in the illustration that follows, the shipping commerce has metamorphosed from one strata to another and of course at different times.

The platform was further instigated by the problems confronting the shipping industry including but not limited to security threats, poor tracking, illicit governmental/environmental regulations, labor disputes and job cuts, lack of transparency and many others. The solution is therefore hinged on the transparency, a universal shipping currency that will be accepted by all agencies and paraphernalia, multiple currency acceptances, low transaction costs, consumer to consumer transactions plus a digitalized token structure that will allow participants the right of entrée and inherent benefits of the ecosystem, all things been equal. Some features of the platform comprises of a transport, booking, brokerage, tracking (ship and cargo tracking), an e-commerce surface of transaction (exports leftovers marketplace), shipping and cargo marketplace, mobile application and exclusive deals and discounts as the day goes on. To give an insight into the why the developers opted for Blockchain.

To get technical, legal and methodological details of the platform; get ‘White Paper’ for just at https://bitnautic.io/storage/Whitepaper.pdf and take few more minutes to ascertain how the platform functions in reality.

The Blockchain world enshrines that a traditional token be employed to create a win-win relationship between different variables that makes up the ecosystem, hence the BITNAUTIC COINS (BTNC) will be the utility token of the platform. The coin will be offered to the general public during the Pre-ICO and ICO events, respectively to allow the developers to meet cost and achieve outlined objectives. 50, 000, 000 tokens have been created in total but only 25, 000, 000 will be issued out for sale in a bid to raise 25, 000 ETH. Meanwhile, the token will function on the Ethereun platform and smart contract tailored towards that direction to ensure continuity and fairness of transactions using the ecosystem. During the Pre-ICO and ICO, 1000 BTNC will be equal to 1 ETH.

After the Pre-ICO scheduled for March, 2018, the main ICO will take place from April, 15th 2018 and will elapse when the Hardcap is met.

From my calculation, Pre-ICO is few more days from now! To get tokens or details of ICO, visit https://bitnautic.io/en.

Bit Nautic Platform As It Relates To The Overview of The Shipping Industry

Accessibility is now assured in the world today because of the advancement in technology. This phenomenon also applies to the shipping and the cargo industry. Therefore, the goods and commodities still need to travel the same distance as before to reach the consumer. It is possible today to imagine the shipments that can reach the other side of the world without even crossing through the human hands.

The Bit Nautic Decentralized Platform for shipping and cargo creates a system for individuals, shipping companies, brokers, agents, traders, manufacturers and producers to observe and to follow the analytics produced by the platform when making decisions, allocating resources or adding new shipments to their operations.

Problems Facing The Shipping Industry

The container shipping is the most carbon efficient means of transporting most goods across the world. Even though most of the world’s manufactured goods and products are transported by container ships, the industry is facing a tough and unpredictable future.

The shipping industry is facing high administrative burdens of managing and writing claims with a lot of paperwork requiring signatures multiple times.

As far as it has gone back, the whole shipping community has never been on the same platform for the issues related to payments and transactions. Although, by introducing a new way of doing things, these challenges facing the shipping industry are still much but they can still be properly addressed, such that all stake holders in shipping industry sector can see positive impacts on all their future transactions.

Below Are Some Of The Major Problems Facing The Shipping Industry

> Security Threats

> Poor Tracking

> Environmental Regulations

> Labor Disputes and job Cuts

> Lack Of Transparency

The Solutions Or The Remedy To These Problems

Based on the surveys and the reports, there are significant problems being faced by the martime industry. One of its kind, BitNautic facilitates an open market and freetrade, increased international cooperation, government support, public-private partnerships within the industry, knowledge sharing and bridging a gap between the regulators and shipping industry. Because of BitNautic, all concerned parties such as transporters, shippers, cargo owners, and agents will come on the same page and negotiate their own terms. Therefore, it will avoid the long chains that will arise due to multiple parties involvement. All these things happen because of the power of blockchain and also the virtue of the E-commerce platform which make it possible that imported or exported goods can be traded along with the local goods available. The platform will also provide special features including QR code, GPS based suggestions, deals and discount alerts.

The Bitnautic Blockchain

This chain would be based on the Ethereum hard fork along with some improvements in the algorithm for improvements in transaction cost and time. Bit Nautic would also be using smart contracts for various payments on the platform.

The ICO — Initial Coin Offering

The token supply will be 50,000,000 while BitNautic will furnish 35 million BTNT to raise 25,000 ETH in its ICO. The ICO will end after the deadline or if the goal is reached earlier. But if the soft goal is not reached, then the funds would be refunded to the investors.

The Capital structure will be as follows:

The main ICO will start on April 15, 2018 and it will last until June 15, 2018. During this period, bonus schemes will also be introduced to reward early adopters of Bitnautic.

In Conclusion

Bitnautic believes that with a solid and reliable team and system, Bitnautic can provide Users, a secure and transparent shipping and cargo service, and provide users with various advantages and convenience in every shipping and cargo activity they undertake. The Bitnautic team also believes that with systematic and professional development, the Bitnautic Team can build a better platform than similar platforms.