KRATOS - A decentralized commodities trading platform

legops (28)in #cryptocurrency • 6 years ago

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.

Is an end to finish innovative Blockchain solutions & development organization. Arkratos has developed its first product on blockchain technological know-how which enhances current international bodily commodity buying and selling throughout the whole product existence cycle of a commodity exchange. This platform covers the whole physical commodity trading ecosystem from origination to end user making certain transparency, excessive effectivity, much less complexity and decreased fee. The platform also enables the clients to get vastly expanded know-how on the alternate affirmation and verification of the documents. All events in the commodities transaction will be equipped to peer where their commodity got here from, the way it has been treated and who handled it and in the end trigger the agreed payments. This proposal protects patrons, sellers and merchants, banks, coverage marketers, and shippers from the style of scandals and issues noticeable in the global commodities buying and selling approaches.

Problems in commodity trading:

insufficient trust: The bodily commodity trading system lacks transparency in phrases of foundation, best and range of the ordered commodities as good because the shipment important points. Thus, consumers can't totally believe their buying and selling partners and come to be involving mediators such as brokers, personal investigators, and arbitrator etc.
Records: Transactions may just include a big quantity of guide administration as a result of discrepancies in documentation. Handbook documentation is each time-taking and inclined to mistakes. Thus, guide documentation no longer most effective leads to delays of some weeks but additionally results in increased expenses.
Quality assurance: physical commodities require significant quality assurance. However the regions wherein most of the goods are manufactured quite often have very lenient supervision. Even the files can be readily altered. Given the dearth of transparency in the approach, the fine assurance remains questionable in commodities buying and selling.
Secured capital: within the current market trouble, SME's face challenges to seek the aid of monetary associations to receive financing for commodity trading. Even after meeting the stringent financial specifications for exchange finance due diligence determine, confined visibility and inadequate analysis from abilities financiers make SME greatly less likely to obtain financing relative to bigger avid gamers.

Arkratos has developed a platform called KRATOS - A decentralized commodities trading platform, greatly transforms and enhances worldwide physical commodity buying and selling across its entire product lifestyles cycle. Commodity buying and selling challenges incorporate inadequate believe, handbook documentation, and useless intermediaries. These problems commonly effect in huge time-delays and excessive fee. KRATOS is an Ethereum-based platform that employs Blockchain technology and wise Contracts to address these challenges. Consequently, KRATOS platform promises higher transparency, better effectivity, and no more complexity than some other existing approach. The use of this platform would influence in additional well timed deliveries and lessen rate.
KRATOS has developed a Token Curated Registry system for trades submitted to the KRATOS platform. Trades submitted on the platform for exchange finance will probably be curated by way of token holders. The output of this curation procedure shall be a record of high-first-rate trades, if you want to signify a subset of trades that won't or else receive financing.
It will be complicated for others to compete with Arkratos on the grounds that it already has a functional MVP and has secured commitments for the usage of its platform from more than one international commodities buying and selling corporations.

The Funds raised from the crowd sale token will be used in:

Platform Development: Development of different modules such as Risk & Compliance Management, Insurance, Logistics (Ground, Sea & Air) and other module enhancements.
Sales and Marketing: Global sales and marketing to on-board customers and increase the number of players on platform.
Risk & Compliance: Proper risk & compliance management team to handle each of the activities.
Operations: Proper support, infrastructure & security in place to make the system more robust.
Legal & Audit: Legal team and auditors for better transparency in the system