Kratos an innovative solution to revert trading challenges:
Kratos is a peer to peer platform build on blockchain technology that can help streamline trading processes and solve the challenges of the trading operations. Through the implementation of a decentralized network architecture, the Kratos platform digitizes paper contracts and transforms them into smart contracts. These smart contracts can self execute when certain conditions are met. for example, once a delivery and payment is made, a smart contract will archive itself as a complete contract. While the blockchain technology ensures that no data is tampered. Smart contracts guarantees speed and less complexity both of which lead to higher transparency between trading parties.
The implementation of both innovations on Kratos leads to higher transparency between traders, allowing them to provide timely and accurate deliveries with less overhead costs.
The platform acts as an ecosystem enabler to improve the physical commodity trading process. The efficiencies generated by the system, in the long term, can potentially remove the need for middlemen. As a consumer, you will be able to enjoy products you use daily at a lower price by using the Kratos platform, trading Firms will be able to operate at a cheaper price, leading to lower transportation costs.
Almost all industries rely on physical commodity trades for goods production. Things you use and consume every day; be it cars, food, or cellphones, all require parts that need to be transported from one part of the world to another. Ever wondered why the prices of commodities are so volatile? This phenomenon is a result of old trading processes full of inefficiencies which increases production cost and, in turn, impacts the price at which we buy those products.
Sadly, commodity trading has not changed much in decades. Despite the reliance on intermediaries, trading still use the decodes-old process of using papper contracts, the perfect tool for frauds, defaults and complications, the industry is plagued with a lack of transparency, efficiency and speed. The biggest challenge the industry faces is ensuring the quality of product. But, because there are several parties involved, the quality assurance certificate can be forged at multiple ends and no one would know the fraud occurred. The inability to trace the origin of the product often leads to lack of transparency and mistrust between trade partners and intermediaries are usually hired to help oversee the trading operation because of it. However the truth is this mediators extract fees which can increase the operational cost by 5% or more. The second major challenge originates from the industry’s dependency on manual documentation. Anything operated manually often leads to data mismatch and even smallest discrepancy can lead to weeks in delays, leading to increase in overhead costs, even delays in securing finance from the bank.
Kratos TOS Token ICO Details
A utility token
Established on Ethereum ERC-20
To be utilized for token curation registry processes
Token name: TOS
Token value: 1000 TOS =1 ETH less 20%
Token value (ICO): 1000 TOS=1 ETH
Total supply: 300,000,000
Pre-ICO period: 80,000,000
ICO period crowdsale: 85,000,000
Rodmap:
Team:
For more information about the ICO, please visit the following links:
Website https://kratospct.io/
Medium https://medium.com/arkratos
Twitter https://twitter.com/Arkratos_com
Telegram https://t.me/arkratos_group
Facebook https://www.facebook.com/ArkratosBlockchain
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Bountyhuners.io: ID 826