EXPERIENCE A NEW LEVEL OF SHIPPING SERVICES WITH BITNAUTIC

emmy92 (42)in #ico • 6 years ago

Without shipping, there won't be any global economy. A study has shown that almost 90% of the world trade depends on shipping.
Seaborne transportation serves as the link through which the transport of food, raw materials etc are made possible, thus Seaborne trade continues to grow.
A study has shown that in the last century, the shipping industry witnesses a massive growth leading to industrialization etc.
Yes, the shipping industry has witnessed increased growth, but in 2008, the industry entered a downturn which led to less demand for shipping.
Currently, there has been slower growth rate, but it has been forecasted that the seaborne trade will double by 2035. This can be attributed to the fourth (4.0) industrial revolution and the growing cross-border e-commerce.
The need to sustain this growth led a team of experts into creating a platform unique in all ramifications with the aim of solving issues or challenges limiting the shipping industry. This is no other platform than BITNAUTIC.
Bitnautic is a decentralized platform where matching of demand and supply of shipping services for all stakeholders takes place. The stakeholders include;
a. Producers of goods,
b. Ship owners,
c. Brokers,
d. Importers,
e. Exporters,
f. Charterers.
The platform is built on Ethereum blockchain having the following features;
a. Artificial Intelligence (AI) Based Booking System,
b. Real-time Tracking of Ships and Cargos,
c. Wholesale E-commerce Platform.
d. Ship Brokage System,
e. Cargo Consolidation,
f. Escrow Services.
Blockchain technology is very vital to the shipping industry as it ensures transparency and efficiency for global trade, which in the long run builds trust and reliability within the platform.

THE PROBLEMS

For Shippers;
i. Finding the best possible options: Its hard to find the best options as cargos move from one place to the other.
ii. Finding the best shipping rate: This can be time-consuming owing to lack of the right tools or processes.
iii. Preparation and documentation: This comes with its hurdles as one mistake comes with it penalties such as delays, surcharges etc, thus shippers shy away from it.
iv. Shipping demand exceeds forecast: This is true as most times exporters and importers find it hard getting the required containers they need most.
For Carriers;
i. Security threats: This is growing at an alarming rate as piracy and armed robbery in Somalia coast and the Gulf of Aden becomes the order of the day.
ii. Environmental regulations: Study has shown that the maritime transport emits about 1000m tons of CO2 annually. Thus accounting for 2.5% of global greenhouse gas emissions.
iii. Overcapacity: The continual imbalance in supply and demand have the potential of weighing down the industry profits.
iv. Lack of transparency: This is caused by uncertainty or lack of trust.
v. Labour Disputes and Job cuts: This leads to increase in shipping rate and overloading of the supply chain.

SOLUTION

Bitnautic solves this challenges by creating an open decentralized platform where all stakeholders will have the opportunity to come together and agree to certain terms. This is made possible with the aid of blockchain technology, thus the platform created by Bitnautic which will solve all these challenges is;
i. Global,
ii. Reliable,
iii. Secure,
iv. Easy to use,
v. Intelligent,
vi. Transparent,
vii. Inexpensive,
viii. Multi-currency.

BITNAUTIC TOKEN

Bitnautic token BTNT is an ERC20 token built on Ethereum blockchain. It is a utility token with a total supply of 50,000,000.
BTNT is used for;
a. Deposit for Cargo booking and Cargo Booking flat fee,
b. Platform Subscription and Tracking System Subscription,
c. Ship Brokerage System flat fee,
d. Escrow Service Commission,
e. Wholesale E-commerce Platform fee.

INFORMATION ON INITIAL COIN OFFERING (ICO)

CONCLUSION

Bitnautic aims to create a decentralized platform which will make it possible for demand and supply of shipping services to take place. The platform will also unite all stakeholders so as to agree to certain terms thus moving the shipping industry forward. With the platform built on the blockchain, transparency and reliability are assured.
The platform will be used by Shippers, Carriers and Agents.