Is an end to end innovative Blockchain solutions & development company. Arkratos has developed its first product on blockchain technology which enhances current international physical commodity trading across the whole product life cycle of a commodity trade. This platform covers the entire physical commodity trading ecosystem from origination to end user ensuring transparency, high efficiency, less complexity and reduced cost. The platform also facilitates the clients to get vastly improved information on the trade confirmation and verification of the documents. All parties in the commodities transaction will be able to see where their commodity came from, how it has been treated and who handled it and finally trigger the agreed payments. This concept protects buyers, sellers and traders, banks, insurance agents, and shippers from the type of scandals and issues seen in the international commodities trading processes.
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 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.
Details for ico:
Token name: TOS
Token type: Ethereum ERC-20
Token value (Pre-Sale): 1000 TOS = 1 ETH less 20% (Pre-ICO period discount)
Total supply: 300,000,000
Pre-ICO period: 80,000,000
ICO period crowdsale: 85,000,000
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!!!
✅ Website: https://kratospct.io
✅ Roadmap: https://kratospct.io/#roadmap
✅ Twitter: https://twitter.com/Arkratos_com
✅ Facebook: https://www.facebook.com/ArkratosBlockchain
✅ Telegram: https://t.me/arkratos_group
✅ reddit: https://www.reddit.com/user/Arkratos_/
✅ github: https://github.com/ArkratosBlockchain