BITNAUTIC-TRANSFORMING THE SHIPPING INDUSTRY USING BLOCKCHAIN TECHNOLOGY

Shipping for a long time been recognized as a catalyst as a catalyst for socio-economic development, Adams Smith noted that “a business working in a country in a country town without links to the outside world can never achieve high levels of efficiency because its small market will limit the degree of specialization”. Shipping especially contained shipping has been a cause and effect of globalization. Container shipping makes it possible for a global economy to work, it connects countries, markets, businesses and people allowing them to buy and sell on a scale not previously possible. But despite all this benefits the shipping industry specially in developing countries is plagued with several problems such as highly variable freight rates, over capacity, increasing regulations, security threats, corruption, high number of intermediaries, lack of transparency and difficulty in shipping small cargo. All this problems would be solved with the birth of BitNautic which is a distributed platform based on the ethereum blockchain, for matching demands and supply of shipping services , for all the category stakeholders which includes producers of goods, ship owners, charters, brokers, exporters and importers. Bitnautic would help in breaching the gap between government regulators and the shipping industry, thereby increasing the growth and development of the shipping industry in developing countries through the decentralization and digitization of the shipping industry.
Shippers are faced with the following key challenges:
• Many shippers are usually confused on the best option to move their cargo
• Shippers go through a tedious process just to find the best rates to ship their cargo
• Most shippers are not prepared for the bureaucratic process of documentation
• Most shippers are placed in a tight corner when their shipping demand exceeds forecast, they are either short of containers or shipping above the required capacity.

NEW POSSIBILITIES WITH BITNAUTIC
Bitnautic addressed the above problems facing shippers with an open decentralized and digitized platform, that would enable stakeholders in the shipping industry to come together on the same page and negotiate their own terms. With Bitnautic stake holders in the shipping are availed with the following opportunities:
• Ship owners all over the world can list their ships on the platform and update their positions same apply to cargo owners, this ensures real time tracking of ships and cargo containers.
• Availability of a reliable booking system that is based on the blockchain technology. With the availability of smart contract on the blockchain shippers and users can set up their rates and equipments which would save them from unwanted surprises, as everything now is fixed and accurate, running on autopilot.
• With the decentralized and data encrypted nature of the blockchain information stored in the Bitnautic platform is secured and only users decided when and with whom they want to share their information.
• The Bitnautic platform is easy to use, transparent , inexpensive, has a smart intelligent system for shippers and cargo owners to make the right decision and there is the currency flexibility were users can pay for services using cryptocurrencies or Bitnautic tokens

HOW THE BITNAUTIC PLATFORM WORKS

ROADMAP

TOKEN DETAILS

TOKEN DISTRIBUTION

FUNDS ALLOCATION

To find out more about the project use the links below:
Website: https://bitnautic.io/

Whitepaper: https://bitnauticcdn-bb3d.kxcdn.com/public/white-paper-en.pdf

ANN Thread Link: https://bitcointalk.org/index.php?topic=3351552

Telegram: https://t.me/bitnautic

Facebook: https://www.facebook.com/bitnautic/

Twitter: https://twitter.com/BitNautic

Authors Bitcointalk username: wapfire

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1795123