KRATOS: Decentralized Physical Commodities
Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.
For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Furthermore, a decentralized commodity trading platform transforms and significantly improves the physical international trade of commodities throughout their life cycle. The challenges posed by commodity trade include lack of confidence, manual documentation and unnecessary intermediaries. These problems often result in significant delays and high costs.
For this reason, I want to introduce you ARKRATOS, a blockchain solutions company founded in Singapore in 2017. ARKRATOS has developed a blockchain solution called KRATOS, a commercial platform for the business of physical raw materials. The platform addresses the challenges for trade in physical commodities, in particular the lack of access to trade finance for small and medium enterprises (SMEs) involved in the commodity sector.
KRATOS (TOS) will address the lack of commercial financing for SMEs through a Token Curated Registry (TCR) Registry process. Currently, SMEs must pass almost exclusively through banks to obtain financing for trade.
As I said, KRATOS (https://kratospct.io/) is a platform based on Ethereum that uses Blockchain technology and intelligent contracts to face these challenges. As a result, the KRATOS platform offers greater transparency, greater efficiency and less complexity than any other existing system. Moreover, KRATOS has developed a Token Curated Registration process for the operations presented to the KRATOS platform. -|-
The main objective of Bitsmo is to guarantee that even as a new user of the world of cryptography, they can make transactions and trade with cryptocurrencies as easily as possible. Bitsmo includes many functions in a single exchange platform with an easy-to-use interface that allows users to easily become familiar.
Image Benefit KRATOS is more efficient for these potential investors to examine the list of high-quality operations than to examine potential operations that would otherwise be presented through different means. Covering KYC / AML industrial grade, HR, Administration and Finance, Arkratos provides an end-to-end solution for the entire commodity trading ecosystem. KRATOS is faster because it works with Smart Contract protocols and Blockchain technology. It is also less expensive due to the minimum fixed cost.
The project gives the opportunity to earn KRATOS Tokens performing some social media tasks and doing simple steps from the bounty program explained into the following BountyHunters Webpage here (https://bountyhunters.io/dashboard/KRATOS), where you can access the link in order to see what are the conditions to become an early TOScontributor and start acquiring tokens.
For more information about the project, you can visit and read their WhitePaper available here (https://kratospct.io/pdf/KRATOS_Whitepaper.pdf). You can also stay tuned in their official Telegram Channel (https://t.me/arkratos_group). I hope you liked the post and soon I'll send you new ones.
KRATOS uses TOS as a utility token built on Ethereum ERC-20 to be used for Token Curation Registry (TCR) process.
Price in ICO: 1 ETH = 1,000 TOS
Tokens for sale: 250,000,000
Token distribution Funds Allocation
Date Events Aug 2017 Seed Funding. Feb 2018 KRATOS Proof of Concept (POC). Jun 2018 MVP 1.0. Jul 2018 Pre-ICO. Sep 2018 ICO. Oct 2018 TCR & MVP 2.0 with Risk Management module. Dec 2018 MVP 3.0 with Finance module. Mar 2019 MVP 4.0 with HR & Administration module. Sep 2019 MVP 5.0 with Logistics module. Dec 2019 KRATOS ERP.
Email: [email protected]
Telegram username: @clauming
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71
How KRATOS™Helps Eliminate Middlemen
KRATOS™, which is the pioneering blockchain-based innovation from Arkratos, uses high-end encryption to maintain decentralised records that cannot be altered or forged. This helps enhance trust among parties at various stages of the global commodities trading system. When it comes to digitising trade records, KRATOS™provides a system that is far more efficient than traditional paper-based systems. Using blockchain technology, it allows digitized documents to be stored, shared and verified in real-time. This flexibility ensures that the requirement of middlemen and associated costs as well as turnaround time at multiple stages of commodities trading is reduced significantly, if not completely eliminated. More importantly KRATOS™ provides you with these key benefits without risking the integrity the supply chain or otherwise compromising the process of global commodities trade. So in effect, while blockchain innovations in their current form might not be able to eliminate middlemen completely, they can definitely move us a step closer to a world without middlemen.
Read more here: https://medium.com/arkratos/bl...
Summing up the KRATOS™ Advantage
The key aspects of KRATOS™ that clearly benefits various stakeholders of the physical commodities trading ecosystem are as follows:
· Eliminates chances of data manipulation/interception-based frauds
· Enhances trust among stakeholders of the complex global commodities trading system
· Improves transparency and reduces turnaround times
· Reduction of overheads through potential elimination of middlemen at multiple levels
· Single window access to multiple facets of global commodities trading
What’s important to note here is that these are the immediately identifiable benefits of blockchain technology which by all accounts is in its infancy. Going forward we can only hope that solutions such as KRATOS™ will evolve further and provide benefits in as of yet unforeseen ways.