Bitnautic is a blockchain application which will transform the global shipping industry by connecting ships, carriers and shippers. Shipping industry holds 90% of the global trade which shows its worth. Almost every type of business at some stage is in need of shipping either for receiving goods or sending them away. So it’s obvious that the shipping industry is the largest of all.
Problems and difficulties of shipping industry and the solution:
The unfortunate thing is that this valuable industry is facing problems such as high freight charges, regulations and security threats. The developing countries are facing much more severe problems like the need of multiple intermediaries with huge amount of commissions. Some of the other problems shipping industry is facing are here:
- Lack of transparency
- Difficulties in shipping small cargos
- Limited number of sea-lines
The fortunate part is that Bitnautic has answered all of the industry’s problems.
How Bitnautic will benefit the entire industry:
This blockchain based distributed platform primarily match the demand and supply of the shipping industry. The stakeholders that will be benefited from this ecosystem are goods producers, brokers, ship owners, charters, importers and exporters. Ship owners will be able to list their ships on the platform and update their status. In the similar ways cargo owners will also be able to do the same. By these real-time listings, all the users will be able to see the actual scenario of the freight market and will resultantly be benefited.
The smart contracts will be benefiting carriers and shippers for a reliable booking system. This makes the program reliable and trustworthy where the contracts are executed and prices are locked for up to six months. Because of that invoices are always accurate.
It provides security of your data:
Your data such as contract information, shipping information, assets information and ship name is all kept secure. Users enjoy a complete authority over their data and they decide who will see the information.
However, public data is kept on the blockchain which is accessible to all the participants.
Bitnautics cuts the expenses of shipping transactions:
The platform eliminates the need of any intermediaries which means you don’t have to pay the commissions fees. There is no markup for using the program. The only fee that is paid is by ship owners and carriers to carry out the operations.
Common scenarios where Bitnautics will help you:
The first scenario is the unexpected need of shipping. You will only have to see the carrier availability and book your shipping. You can also buy contracts and use them whenever such unexpected scenarios arise.
There are multiple service providers with different rates. How will you get the most economical rate? On this platform it only takes five minutes for you to compare the prices and choose what suits you.
Sometimes we have a small amount of goods to be shipped and find it hard to choose the feasible option. Bitnautics gives an option where users only have to put their items and they will receive favorable options.
For more information visit.
Website:
https://bitnautic.io
Telegram:
https://t.me/bitnautic_group
Vimeo:
https://vimeo.com/bitnautic
Reddit:
https://www.reddit.com/user/bitnautic/
Bitcointalk:
https://bitcointalk.org/index.php?topic=3351552
Linkedin:
https://www.linkedin.com/company/bitnautic-official
Twitter:
https://twitter.com/BitNautic
