Kratos


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About KRATOS ICO

KRATOS - A decentralized commodities trading platform, significantly transforms and enhances international physical commodity trading across its whole product life cycle.
Arkratos, a Singapore company linked to trading house Rhodium Resources, is to launch a commodity trading platform built with blockchain technology.
Arkratos is aiming to launch its Kratos platform this month, and is currently trialling it with four traders based in Dubai, Hong Kong, Malaysia and Singapore.
Kratos will use smart contracts, which self-execute once pre-set conditions have been met. Each part of the commodity value chain will be able to use these smart contracts, which cannot be manipulated or duplicated. This reduces the possibility of fraud and the amount of time it takes to conclude a transaction.
Arkratos founder, Srinivas Koneru, tells GTR that while no lending will take place on the initial platform, the company is developing a trade finance module, through which commodities can be bought and sold using trade loans disbursed on the Kratos system.
It is also launching an initial coin offering (ICO) on June 1, which will run for 30 days. The existing platform has been developed using seed capital, while funds from the ICO will be used for “for further development and enhancement of the product for the next two years”, with the aim of developing Kratos as a blockchain-based enterprise resource planning (ERP) system for commodity trading. Among the other modules to be developed will be logistics and finance.
The ICO will issue utility tokens, which can be used for platform services, such as purchasing subscriptions or running a smart contract. The token will not be used for purchasing commodities.
Kratos has been built with Ethereum ERC20, using Arkratos’ in-house blockchain development team. Arkratos also offers blockchain development services and consultancy to third parties, out of its blockchain lab.
Arkratos is currently working on a trial transaction involving one of the test users. This will involve an entire commodity trade and the full ecosystem, including the producer, broker, underwriter, shipping agent and traders, will be taking part.
“We have four early adopters trialling the product right now. We intend to consummate the first trade deal in the next few weeks. We’ve been making sure it captures all the documents in the workflow. We started off with traders, we’re talking to some underwriters, insurance companies, and one of the largest mining companies in Indonesia is on the advisory board. From grain producers to mine users, to palm oil producers, there’s interest from 45-plus clients in joining the platform,” Koneru says.
Commodities is one sector in which blockchain has been trialled significantly. The need to reduce fraud in a document-heavy industry lends blockchain some viability in the space, while the importance of provenance means that commodities must be what they are advertised to be.
This has led to progress in the area of track and trace, with blockchain companies like Skuchain and Everledger developing solutions that can track commodities such as avocados and diamonds from source to point of sale.
In the oil space, Mercuria trialled blockchain on a trade funded by ING and Société Générale early in 2017. The transaction saw oil cargoes traded between China and Africa. Shortly after, Trafigura and Natixis trialled blockchain for settling oil deals in the US.
More recently, eight leading commodity players tested the concept for a new blockchain platform that could transform agricultural commodity trading practices and finance. The test marked the first live agricultural commodity transaction on the blockchain and saw 60,000 tonnes of soybeans shipped from the US to China.
It was carried out by Louis Dreyfus Company (the seller), Shandong Bohi Industry (the buyer), and ING, Société Générale and ABN Amro, which issued and confirmed the letter of credit.
Also in the soft commodity space, AgriDigital in Australia completed two successful pilots last year. These showed that the technology can eliminate counterparty risk and track the provenance of agri produce.
Generally, it’s expected that more live transactions and solutions will start appearing over the rest of this year, in the trade finance space. The Batavia platform in Europe is edging towards going online, after its first live transactions were completed with a group of corporate clients.
Also in Europe, the we.trade blockchain consortium is expected to go live imminently. Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Société Générale and Unicredit are the banks involved in this project, which uses Hyperledger Fabric technology, and which spans 11 European countries.
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Kratos Demystified

What is KRATOS and how does it exactly work? Why do we need it? How will it enhance the international physical commodities trading industry? How will it ensure a more transparent process of trade transaction? This short video will answer all your queries related to the platform and help you understand better the technology behind KRATOS.
Watch our latest video to understand why KRATOS can revolutionize the physical commodities trading industry.
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.

PRODUCT
KRATOS

KRATOS is our first inhouse developed blockchain based platform that connects all participants across the commodities ecosystem 24x7 globally. KRATOS acts as a single source of truth where all documentation (such as controlled physical copy scan, digital bills, letter of credits & shipping documents) is shared and visible to all involved participants of a global trade in real time.
The platform ensures easy due diligence of all, by all, and for all parties involved and brings transparency, visibility and efficiency to the cross-border commodities trade process.
The concept protects buyers, sellers, traders, banks, insurance and logistics from fraudulent transactions and other unwarranted trade risks, thereby significantly transforming and enhancing international physical commodity trading across its whole product life cycle.
Most importantly, the KRATOS platform is modular, allowing the execution of some modules (a set of related smart contracts), but not others. The KRATOS platform utilizes many modules within the KRATOS platform, including KYC/AML, Human Resources, Administration, Finance, Risk Management, Trading and Logistics modules.
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Know More Detail please visit-

Roadmap: https://kratospct.io/#roadmap

Team: https://kratospct.io/#team

Advisor: https://kratospct.io/#advisor

Website: https://kratospct.io/#home

Whitepaper: https://kratospct.io/pdf/KRATOS%20Whitepaper%2003072018v0.2.pdf

Lightpaper: https://kratospct.io/pdf/Lightpaper%20v1.5.pdf

Twitter: https://twitter.com/Arkratos_com

Facebook : https://web.facebook.com/ArkratosBlockchain?_rdc=1&_rdr

Telegram: https://t.me/arkratos_group


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