KRATOS: Decentralized Physical Commodities





  • Introduction

    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.


    Definition

    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. -|- 


    Goals

    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. 


    Benefits

    ImageBenefit
    2018-10-04_15-32-02.pngKRATOS 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.
    2018-10-04_15-31-45.png
    Covering KYC / AML industrial grade, HR, Administration and Finance, Arkratos provides an end-to-end solution for the entire commodity trading ecosystem.
    2018-10-04_15-31-56.pngKRATOS is faster because it works with Smart Contract protocols and Blockchain technology. It is also less expensive due to the minimum fixed cost.



    Bounty program

    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.


    Token details
    KRATOS uses TOS as a utility token built on Ethereum ERC-20 to be used for Token Curation Registry (TCR) process.

    Token: TOS
    Platform: Ethereum
    Type: ERC20
    Price in ICO: 1 ETH = 1,000 TOS
    Tokens for sale: 250,000,000

    Token distributionFunds Allocation
    2018-10-04_15-36-41.png2018-10-04_15-36-47.png



    Roadmap

    DateEvents
    Aug 2017Seed Funding.
    Feb 2018KRATOS Proof of Concept (POC).
    Jun 2018MVP 1.0.
    Jul 2018Pre-ICO.
    Sep 2018ICO.
    Oct 2018TCR & MVP 2.0 with Risk Management module.
    Dec 2018MVP 3.0 with Finance module.
    Mar 2019MVP 4.0 with HR & Administration module.
    Sep 2019MVP 5.0 with Logistics module.
    Dec 2019KRATOS ERP.




    Author Details

    Email: [email protected]

    Telegram username: @clauming

    BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1870482

    Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71



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