EASY AND RELIABLE SHIPPING THROUGH EFFECTIVE BLOCKCHAIN CONTRACTING
__________ABOUT__________
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.
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.
BitNautic address those challenges with an open decentralized plat form that will 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. All of this will happen with the security and the transparency of blockchain.
SHIPPING, THE WAY IT SHOULD BE...
- GLOBAL
Ship Owners, all over the world, can list their Ships and update the positions. Cargo Owners, in a similar way, can list their cargos, with detailed requirements. All users are able to follow the actual conditions of the world freight market, with real-time positions at any port of the world.
- RELIABLE
Shippers and Carriers benefit from a Reliable booking system based on effective digital contracts, backed by the Blockchain. Users execute a contract then, and there that locks in space, equipment and rate up to 6 months in advance. Carriers’ offers are all-in, and the rates are fixed. Shippers never have any surprise accessorial and their rate never change. Invoices always match the contracts with 100% accuracy.
- SECURE
Contact information, ship name, and private data about assets are only available to the respective owners. BitNautic users decides when and with whom to share valuable information.
- EASY TO USE
Shippers just enter cargo origin and destination, ship dates and equipment type, then instantly receive binding offers directly from carriers along with service performance and all the details they need to make an informed decision. Ship Owners just enter the Ship location and date, then instantly receive leads on matching cargos.
- INTELLIGENT
To find best fit for cargo and ships and to optimize the use of naval assets, BitNautic is developing an advanced AI engine designed for the shipping industry. The AI optimization will help shippers and ship owners to do a better use of the shipping resources, reducing the costs, by optimizing cargo pooling, and sharing of shipping capacity.
- TRANSPARENT
Public data representing the asset and contracts are stored in the blockchain, accessible and auditable to all the parties, provided they have the required privileges. History of negotiations on each contract are always available on the Blockchain and easy exportable. This helps to avoid mistakes and guarantees the honesty between the parties.
- MULTI-CURRENCY
To hold equipment and space on a vessel, Shippers submit a nominal deposit that gets credited toward their balance which is due before cargo is loaded. Any freight, chartering, sale and other services can be paid with cryptocurrency or BitNautic Tokens (BTNT).
- INEXPENSIVE
No markup from BitNautic. No middleman. Just a Transparent Platform fee, paid by Ship Owners/Carriers, to make the connection and manage the contract execution.
__________ARCHITECTURE__________
Functionality, features and huge community of developers around the Ethereum blockchain suggests it as the most suitable option for BitNautic. Ethereum introduced new opportunities that Bitcoin and like Bitcoin protocol blockchains do not have. Ethereum enables code execution in a decentralized way. This means that utilizing blockchain technology it is possible to do more than just exchange or store value. It is also possible to implement rules, according to which that value can be moved, and specific data modified.
Ethereum users do not need to trust any central server and can simply trust blockchain consensus algorithm and output of the system.
Smart Contract is a piece of code which is stored on the blockchain network (in each full node’s database on the network). It defines the conditions on which all parties using the contract agrees and certain actions described in the contract can be executed if required conditions met. As the smart contract is stored on every computer in the network they all must execute it and get to the same result. This way users can be sure that the outcome is correct.
Central server and authority can be removed or its impact (e.g. single point of failure) minimized with the help of smart contracts.
As for shipping industry, blockchain holds the promise of transparency and efficiency for global trade.
To transport a container by sea from Mombasa, Kenya to the Port of Rotterdam, Amsterdam, requires around 200 different communications steps involving around thirty different interested parties. These crucial steps take time and moreover, such a system is prone to frauds or accidental miscommunications. Fraud protection arises since no single party has the ability to modify, delete or append any record without the consent from others within the network.
__________BUSINESS LOGIC SCHEMA__________
__________TECHNOLOGY__________
The BTNT Token, an ERC20 token, will be issued to create a decentralized shipping and cargo platform built on top of Ethereum blockchain and wholesale e-commerce platform based on the Ethereum blockchain and smart contracts for trading goods and services.
The ERC20 protocol is based on Ethereum, a technical and market standard, which defines an interface for smart contracts that need to execute token emission.
The most crucial technical component of BTNT Tokens is the Ethereum Virtual Machine smart contract, which regulates token distribution, transactions, and rewards securely and transparently.
Using dedicated token (BTNT) to facilitate transactions in the BitNautic (BTNT) Ecosystem provides many advantages, including:
- it can be used across any number of jurisdictions, retaining a single uniform method of settlement;
- using a blockchain based token makes it possible to perform settlements automatically and irrefutably within smart contracts;
- it makes it possible to manage incentives in a way that drives Ecosystem effects for the benefit of all participants in the BitNautic (BTNT) Ecosystem.
__________PLATFORM__________
- 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 his 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 DETAILE__________
- 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: 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
No new tokens will ever be created
__________BONUS PROGRAM__________
__________TOKEN ALLOCATION__________
__________FUNDS ALLOCATION__________
__________ROADMAP__________
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Author : Kelampok ijo
BTT Profile Link : https://bitcointalk.org/index.php?action=profile;u=1929484