BINATUTIC.. Easy and reliable shipping, through blockchain.

goodnuel (39)in #bitnautic • 6 years ago

Transportation has been a key part of the livelihood of human, every time, we move from place to place. Or we move loads and properties, office equipment, foodstuffs, etc. A good number of the things we used are transported from different areas and walks of life.

With technology growing far and wide, buying and selling can be easy, regardless of the distance. Mr Adewale from Lagos, Nigeria can interact, negotiate, and pay for products from Mr Chang from far Asia. This is the beauty of technology, all can be concluded and paid for within a week or less. But something not readily that easy and accessible is the shipping of these products.

Shipping has been a steady way of moving things across the globe, cargoes are known way of moving almost all type of products global. This comes with a lot of worries and challenges though. Incidentally, this happens to be the most important part of the whole process. Because Mr Adewale in Nigeria has a customer waiting for his products, but he's not in control of these products, this leaves him in a very difficult position.

These issues are not limited to Mr Adewale and or business persons alone, this is a problem for all.

What is BitNautic?

BitNautic is a decentralized platform, based on the Ethereum Blockchain, for matching demand and supply of shipping services, for all the industry stakeholders: producers of goods, ship owners, charterers, brokers, importers and exporters.

The Challenges

For Users of shipping, there's been issues of high charging fees for shipping, other times, no availability of ships even, especially for small packages. Other persons don't know a lot about the shipping process and then they get stuck on how to prepare the bill of lading and other important shipping documents. And then, the more damning issue of slow shipping of products.
For Carriers, there are issues of low profits as a result of the series of middlemen involved to complete a deal, the profit is then split, leaving the carrier with little or no profits. Other times, there's is a shortage of customers for carriers. There's also the issue of low utilization of vessel.

All these are just tips of what shippers face in the shipping sector. With the blockchain technology breaking up traditional ways of doing things and enhancing a more faster, safer and transparent way of doing things globally, it's important that the shipping industry falls in. On this ground, I introduce to you Bitnautic.

What is Bitnautic?
This is a decentralized blockchain platform that aims to bridge the gaps in the shipping industry by creating a system that matches all the demands and rigours of the shipping services. Bitnautic will cover for ship owners, importers, exporters, brokers, producers, charterers, etc. Its integration of artificial intelligence will enhance the entire process, making for a fast, secure and transparent ecosystem.

The Bitnautic solution.
Using artificial intelligence with a blockchain technology,Bitnautic will provide a solution for the lingering issues of the shipping industry.

For users, through the platform will get access to cheap and competitive pricing for shipping services, regardless of the number of products. With numerous shippers listed, users can buy contracts from 2 weeks to 6 months old, with a 100% vessel space reliability.

Again, transactions will be fast and be requiring minimal time to reach a deal and get binding contracts. Also, listed cargos will get consolidation opportunities at very affordable prices.

For carriers, through the platform will get an optimal cargo and also get to make good profits as there will be no need for the series of middlemen who eat up profits. Carriers will be in direct contact with shippers, see freight requests, negotiate and close deals. All these for a very low commission fee.

Bitnautic highlights

Cargo Booking: The platform through its artificial intelligence integration operates with a cargo booking system. This means that users and carriers will be able to interact, book available ships and conclude all deals in no time.

Escrow Services: Trust has been an issue for some shippers, and with the issue of international currency rates and conversions, this has created an issue. With the Bitnautic escrow services, it means that trust is built as the use of smart contracts will make transactions transparent and easy. If a buyer uses an escrow service, his token is locked in a smart contract and released after the buyer confirms the seller kept to his own part of the bargain.

Wholesale E-commerce: There's an avenue to advertise and trade wholesale goods on the platform. Products can be listed with an accurate place of loading by the producers. This will break the layers of middlemen usually involved in deals, as all transactions will be easily carried out on the platform.

Tracking System: Bitnautic will create a very sold tracking system to keep track of products globally. Customers can check from the comfort of their homes to see the position of ships, movements, all in real time.

Ship Brokerage System: BitNautic offers a solid brokerage system where users can list ships, and also update current locations. This way, they get to meet new customers and prospective dealers.

Cargo Consolidation: Ship owners, shoppers and carriers will be able to place open listings, places of loading and discharge, details of availability and all other necessary information for swift shipping.

Token Sale and Details

Token Symbol: BTNT

Token Type: ERC20

Total Token Supply: 50,000,000 BTNT

Initial Distribution: 35,000,000 BTNT

Accepted Currency: ETH

Exchange Rate: 1 ETH = 500 BTNT

Soft Cap: 2,500,000 BTNT SOLD

Hard Cap: 25,000,000 BTNT SOLD

Pre-ICO Starts: May 1, 2018

Pre-ICO Ends: May 31, 2018

ICO Phase 1 Starts: June 1, 2018

ICO Phase 1 Ends: July 4, 2018

ICO Phase 2 Starts: July 11, 2018

ICO Phase 2 Ends: September 15, 2018

Conclusion.

Bitnautic will transform the entire process that involves cargo shipping, from the tiniest to the biggest details. The platform is fast, secure, and very transparent. This is achieved through the use of the blockchain smart contract technology and also the use of ultramodern security protocols. With Bitnautic, Shipping is the way it should be.

This article doesn't cover everything about this awesome project, further information can be found using any of the following links below.

Website: https://bitnautic.io

Bitcointalk thread: https://bitcointalk.org/index.php?topic=3351552.0

Telegram: https://t.me.bitnautic_group

Instagram: https://www.instagram.com/bitnautic/

Facebook: https://m.facebook.com/bitnautic/

LinkedIn: https://www.linkedin.com/company/bitnautic-official/

Reddit: https://www.reddit.com/user/bitnautic/

Twitter: https://twitter.com/BitNautic?s=09

Written by Goodnuel

Bitcointalk username: Goodnuel

Telegram username: @Goodnuel