BITNAUTIC: BRINGING TRANSPARENCY AND SECURITY TO SHIPPING THROUGH A DECENTRALIZIED PLATFORM

Shipping simply means transportation by sea. It can be seen as the life blood of the global economy Shipping is the process of transporting commodities and merchandise in the form of cargo and goods from one geographical region to another and can be done either by sea or land. It is the movement of cargo through designated sea routes. The worldwide shipping industry is controlled by the International Maritime Organization. Approximately 90% of the world trade is carried out through the sea.
Even with this profound growth, the industry is faced with challenges such as ;
1- overcapacity
2- High freight rates
3- security threats
4- Invalid destination address
5- Loss of order
Now introducing BITNAUTIC to tackle these problems associated with Shipping;

BitNautic is a decentralized shipping services platform based on the Ethereum blockchain that runs on artificial intelligence for producers of goods, ship owners, charters, brokers, importers, and exporters.
With the use of an open decentralized platform BitNautic enable all stakeholders, such as importers, exporters, shippers, ship owners, carriers and agents to come on the same page and negotiate their own terms, therefore, avoiding the long chains that arise due to multiple parties’ involvement and this is achieved with transparency and transparency of blockchain. The introduction of BitNautic brought forth the possibility of perfectly reliable and dependable system. Shippers and Carriers profit from the tried-and-true booking system grounded upon efficacious digital contracts and supported by the Blockchain.

FEATURES OF BITNAUTIC DECENTRALIZED APPLICATION

• Cargo Booking System: This system is built to satisfy the need of Importers and Exporter. With the aid of this system, shippers are able to see the available ship ready to carry their cargo, the different price option to choose from, weight, time frame, destination address, source address and a shipping agent can also be made possible.

• Ship Brokerage System: This type of system allows carriers and ship-owners to list ships, update their location to find shipping leads and attract new customers. The BitNautic Ship Brokerage System gives the ship owners the best matching shipping leads and in closing clear and reliable contracts with Shippers.

• Cargo Consolidation: This system enables shippers and ship owners to list specific opportunities for shipping consolidation by providing the place of loading, the place of discharge, and the details of the availability, in terms of container free space or ship hold free space (for Bulk shipping).

• Wholesale e-commerce: This system gives users the opportunity to advertise and trade wholesale goods.

• Tracking system: This system will provide a state of the art ship and cargo tracking system for its customers and its main feature is ship tracking and cargo tracking

• Escrow Services:

The pictographical representation below shows the benefit of BitNautic compared to the Traditional Shipping platform;

TOKEN DETAILS
The Bitnautic token (BTNT) is an ERC20 token on the ethereum blockchain.
Token Symbol BTNT
· Token Type ERC20
· Total Token supply: 50’000’000 (50 million) BTNT
· Initial Distribution: 35’000’000 (35 million) 70% of total supply
· Accepted currency: ETH
· Exchange Rate: 1 ETH = 500 BTNT
· Soft Cap : 5’000 ETH (approx. U.S. $2 million)
· Hard Cap : 2018 50’000 ETH (approx. U.S. $20 million)
· Pre-ICO start-end dates: June 1st 2018 – July 30th 2018
· Main ICO start-end May 1st 2018 – May 31st

Want more insight on the project, click the links below;
Website : https://bitnautic.io
Whitepaper: https://bitnautic.io/documents.html
Telegram : https://t.me/bitnautic_group
Facebook : https://www.facebook.com/bitnautic/
LinkedIn : https://www.linkedin.com/company/bitnautic-official/
Reddit : https://www.reddit.com/user/bitnautic/
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3351552.0
Slack: https://bitnautic.slack.com/
Twitter : https://twitter.com/bitnautic

Writer: oly4life
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=1577997