The multi-trillion commodities trading industry globally is suffering from the challenge of increasing trade finance gap despite numerous programs and schemes rolled out by several international banks. In fact the trading of commodities however, has been relatively untouched by all this innovation on Blockchain.
There are many problems that are often faced by the trading business of physical commodities, including:
- The problem of trust between the parties involved,
This is because the current physical commodity trading process lacks transparent, so buyers cannot fully trust their trading partners and ultimately involve third parties. - Document problem,
In the transaction process, sometimes the documents required for administration are incomplete and not match with the data exists, this because the documentation made manually and is very time consuming and also prone to errors. - Insurance problem,
Currently physical commodities don’t have adequate supervision and security to produce quality products. Due to lack of supervision, often documents for administration can easily be changed. - Capital security guarantee,
unfairness in financing, makes SMEs do not have the same opportunities as larger players, because of limited visibility and inadequate evaluation of potential investors.
Arkratos provides fintech solutions services on a global scale. Advent of blockchain technology prompted the company to develop its first Blockchain based product KRATOS. The company also provides services like Blockchain Product development, Smart contracts, Tokenomics consulting and Whitepaper advisory.
The KRATOS platform SOLUTION
KRATOS is an ecosystem for all the stakeholders of this industry. Token Curated Registries will help SME’s find trade finance options and provide financiers with reliable potential trades. The use of blockchain technology and Smart Contracts will ensure higher transparency, higher efficiency and lesser complexity, which will revolutionize the industry in coming years.
The business project of KRATOS acts as the only mechanism of truth, since the key to this is the technology of blocking, where all documentation (for example, controlled physical copy scanning, digital invoices, letters of credit and shipping documents) is common and visible to all involved participants in global trade in real time.
TEAM
Ashish Chopra
VP — Industry Specialist Singapore
Ashish Srivastava
Senior Vice President Singapore
Fung Yun Tai (Mark)
Director Hong Kong
Stanley Sy
Sr. Blockchain Developer Singapore
Sumit Narang
Sr. Blockchain Developer Singapore
Details can be found on the site, forum, and social networks.
In my opinion a very strong project, which will develop successfully.
All for now!
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Find about ARKRATOS
Website : https://kratospct.io
ICO Telegram group: https://t.me/arkratos_group
Whitepaper: https://kratospct.io/pdf/KRATOS_Whitepaper.pdf
Facebook: https://www.facebook.com/ArkratosBlockchain
Twitter: https://twitter.com/Arkratos_com
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1376903