According to history, shipping industry is one of the oldest industry ever lived, and this industry still plays important role in the modern society today. This industry account for transportating 90% of world trade. Research has shown that there are over 55,000 cargo shipps active for international trading. The shipping industry is currently active in over 150 countries with an estimate of over 1.5 million workers working across the globe. The kinds of goods transported by ship or cargo are cars, raw materials, fuel and many more. The success of shipping industry is so versatile to the extent that 20 million containers are traveling accross the oceans everyday.
Therefore, shipping stand has the life blood of the global economy, because life without shipping means no international trade, no bulk transport of raw materials and no importing and exporting of cheap foods, this will result to economic disaster accross the whole world. However, the success of the shipping industry is undisputable and inevitable but recently, the shipping industry has been facing some serious challenges such as over capacity, security threats, increasing regulations and highly variable freight rates. These challenges can be categorize into two namely; challenges for carriers and challenges for shippers. Moreover, these challenges keep reoccurring over and no one seems to have a better solution but thank God, BitNautic platform has showed up with a perfect and evergreen solution. Now, let's get to know BitNautic and the solutions they offer.
What is BitNautic?
BitNautic is a platform that addresses the challenges facing the shipping industry with an open decentralized technology that empowers all investors such as exporters, importers shippers, ship owners, carriers and representative to come on the same board and discuss some personal terms. BitNautic created this means in order to avoid the long chain due to multiple parties. This means ensures protection and transparency with blockchain technology. BitNautic has made it possible to bring back shipping to the way it should be through the following:
BitNautic has enable all users to follow the original conditions of world freight market, with real time positions at any part in the universe.
BitNautic has offer a means by which all shippers never have surprise accessional and their rates never change.
BitNautic ensure security of all users information such as contact information, ship name and private data. BitNautic subscribers can only decide whom they want to share their information with.
Challenges facing the shipping industry.
Challenges for carriers; such as security threats, lack of transparency, labour disputes, and jobcuts, environmental regulations and over capacity. For example, a high security threat occur in somalla coast whereby piracy and armed activities were involved.
Challenges for shippers; such as finding the best options, preparation and documentation,also finding the best rates and shipping demand exceeds forecast.
BitNautic solution to the challenges
Solution to shippers challenges
BitNautic created a means whereby users can view availability and find offer, users can compare offers and buy reliable and binding contract.
Solution to carriers challenges
BitNautic has created a system that can list ships and update it's location for all users. BitNautic also ensure protection, regulations and real time transparency for all users.
TEAM
Token Distribution
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
For more details about Bitnautic, kindly visit
Website: www.bitnautic.io
Whitepaper: https://bitnauticcdn-bb3d.kxcdn.com/public/white-paper-en.pdf
Medium: https://medium.com/@bitnautic
Facebook: https://www.facebook.com/bitnautic
Twitter: https://twitter.com/BitNautic
Github: https://github.com/Bitnautic
Reddit:https://www.reddit.com/user/bitnautic/
LinkedIn: https://www.linkedin.com/company/bitnautic-official
Author's bitcointalk username: sholex00
Author's bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1256875