Press Release

BITNAUTIC – The Future of the Shipping Industry Based On Blockchain Technology

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According to a report cited by the World Trade Organization, the global shipping industry is worth more than $ 12 trillion. Where trading volume has increased from year to year.

However, the trade value is considered not fully optimal. Why? This is because there are still many operational sectors in the shipping industry that still need to be improved in this case concerning the issue of efficiency both in time and cost.

Inefficiency Becomes Major Issues That Need To Be Fixed In Cross-border Voyages
The problem of inefficiency becomes a thing which of course will cause no small harm to the perpetrators of the shipping industry around the world. One factor is the technical issues that are still done conventionally or manually. After that added more administrative activities that are considered quite time consuming.

Just as conventional bank deliveries can take days or even in some cases for weeks when doing cross-border financial transactions. This delay or delay can be very detrimental to the parties involved in cross-border trade with increasing costs such as storage costs, etc.

Therefore, cross border trade industry should have a more modern system and can accommodate trade activities and can provide shorter processing time.

BitNautic Helps Create Efficiency Through Blockchain
Bitnautic is a platform that focuses on providing and developing freight and cargo services, using Blockchain technology as the basis for its development. Bitnautic provides a service that users can use to deliver goods easily, safer and smarter. Bitnautic provides an access to shipping and cargo services for the wider community better and smarter.

BitNautic comes with distinctive features like AI (Artificial Intelligence) based booking system, a real-time tracking of ships and cargo, and a wholesale e-commerce platform.

The presence of BitNautic aims to be a solution in reducing inefficiencies that are often experienced in the field of shipping industry.

THE BITNAUTIC PLATFORM

BITNAUTIC solution is a single platform, capable of holding together all the major players of the market: carriers, shippers, producers, buyers. Every one of them has different needs and different obstacles that prevent them from fulfilling them. And how do they solve them? Phone calls, unfavorable deals, friends of friends. Lack of choice, long waiting times, tedious and complicated bureaucracy.
What BITNAUTIC propose is a completely transparent network, where ship owners can list their ships, their location updated in real time, and cargo owners can find the best routes for their shipments, and at the best price. At the same time, this will allow them to forge new business relationships, extending their network and bringing new customers to their business.

Cargo Booking

With BitNautic’s Cargo Booking System, shippers from any country, will be able to see the ships that are available to carry their cargo, based on cargo location and cross-matched with the destination.

 

Ship Brokerage System

BitNautic will offer a real-time ship brokerage system that allows carriers and ship owners to list ships, update their location, and thus to get shipping leads and find new customers.

Escrow Services

When a Buyer initializes an escrow transaction, his BTNT tokens are locked in the smart contract. Once the Buyer confirms the Seller’s obligations are fulfilled, he can release funds to the Seller.

Wholesale E-commerce

BitNautic offers to his users the possibility to advertise and trade wholesale goods. Producers will have the opportunity to directly list and sell their products, in association with their specific place of loading, cutting out several middlemen, increasing their revenues and offering business opportunities to international traders.

Tracking System

BitNautic will provide a state of the art ship and cargo tracking system for its customers. A customer will be able to see the status, the position of his ships and other specific details in real time. BitNautic uses the tracking system to transport goods quickly and efficiently by keeping track of every ship.

Cargo Consolidation

Shippers and Ship Owners (Carriers) will be able to list specific opportunities for shipping consolidation. They will provide 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).

 


Token Sale Information

Website: https://bitnautic.io/
Whitepaper : https://bitnautic.io/storage/Whitepaper.pdf
Symbol : BTNT
PreICO Price 1 ETH = 500 BTNT
Price 1ETH = 500 BTNT
Platform: Ethereum
Accepting: ETH, BTC, LTC, ZEC, BCH, DASH, DCR, XMR, Fiat
Minimum investment: 0.05 ETH
Soft cap: 5000 ETH
Hard cap: 50000 ETH
Country: Switzerland

 

Blockchain technology brings a big impact in the trading and shipping industries. BitNautic uses this technology to fulfill the need for a marketplace where consumers,importers, exporters,ship owners,service providers,and producers of goods to trade their products in an open market and free trade environment.


Positives: 

  • Team – Good, experienced and with relevant expertise.
  • The vision is ‘decentralised shipping and cargo in one place’ and includes wholesale ecommerce, which is an interesting dimension.
  • The partners listed on the website are impressive and by stating upfront that Bancor will be used as an exchange suggests confidence.

Negatives:

  • The idea is viable, but there is no product yet. If I was them I would at least develop an MVP (Minimum Viable Product) before launching.

 

Disclaimer: All information on this post is made to educate our readers. Don’t invest in any ICO unless you’re confident about its capabilities and do so at your own risk.



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Bitcointalk Profile: Pixmartz
Link Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=841835
ETH Address: 0xa38370065430E1c101A339f0c779D52685c754D7


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