BITNAUTIC: REMEDY TO SHIPPING INDUSTRY CHALLENGES WITH THE HELP OF THE BLOCKCHAIN TECHNOLOGY

cryptoboss12 (40)in #shipping • 6 years ago

Shipping is regarded as the pivot of international trade and globalization. According to a recent statistics, about 90% of the world trade is distributed through ships. The International Monetary Fund (ITF) stated that the overall volume of the sea transport will increase by double in the year 2030, an estimate which happens to be a good news to the shipping industry.
However, the shipping industry has been at loss since 2015 and has been predicted to incur loss of about $5 billion towards the end of the year 2016. A number of giant shipping companies like the Copenship, China's winland ocean shipping corp to mention a few have been bankrupted few years ago. Shipping industry also faces overcapacity issues, caused by the drastic increase in supply over demand making carriers to increase freight rate due to limited spaces in the cargoes reserving available space for importers who pay more.
All these aforementioned problems are proved that the shipping industry is yet to see the sunny day. The way out of these precarious challenges is given by the BitNautic platform.

The BitNautic Platform

BitNautic is a platform created to establish a balance in the supply and demand chain of shipping services, and for the effective running of shipping services among the stakeholders of the industry through the use of the Ethereum blockchain technology.

It seeks to contribute to the development and steady growth in developing countries, by breaking the barriers between the government regulators and the shipping industry.
BitNautic therefore uses the Ethereum blockchain to solve all other existing problems of the traditional shipping industry.

The shipping industry has been facing quite a number of challenges, ranging from security threat like armed robbery and the manipulative operations of hackers especially in the maritime industry. Moreso, they are faced with quite a lot of administrative works which are too cumbersome and time consuming, leading to delay in shipment of the goods.

The shipping industry also suffers a significant imbalance and variation in the demand and supply ratio with the level of supply being above the demand resulting in carriage capacity issues for carries.
Shippers however also find it very hard to secure best freight rate for their volumes of goods making the entire shipping process tedious and unbearable.

BitNautic now offers perfect solutions to the above challenges faced by shippers and the shipping industry as a whole.
It has provided on its platform, a means to check the availability of carriers and the purchasing of contracts which can last up to about 6 month, securing vessel spaces and assuring maximum efficiency of the service. The platform has also made it possible to buy sustainable contract that is reliable within 5 minutes of request thus saving time.

BitNautic platform has proven to be easy to use, super intelligent through the use of the AL optimization in reducing cost and in the brilliant allocation of shipping capacity. Other features of the platform includes; transparency, cheap service rate and the use of the BitNautic Token (BTNT) for all the services done on the platform.
The platform is reliable and helps secure the informations of users in addition to rendering a global service.

Token information
Token Symbol: BTNT
Token Type: ERC20
Total Token Supply: 50,000,000 BTNT
Accepted Currency: ETH
1 ETH = 500 BTNT
Soft Cap: 5,000 ETH
Hard Cap: 50,000 ETH
Pre-ICO Starts: May 1, 2018
Pre-ICO Ends: May 31, 2018
Main ICO Starts: June 1, 2018
Main ICO Ends: July 30, 2018

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