KRATOS Demystified – Blockchain based Physical Commodities Trading platform

Almost all industries rely on physical commodity trades for goods production. Things you use and consume everyday; 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 costs 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 firms still use decades-old process of using paper contract the perfect tool for frauds, defaults and complications. The industry is plagued with 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 where the fraud occurred. The inability to trace the origin of the product often leads to a 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, these 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 the smallest discrepancy can lead to weeks in delays, leading to increase in overhead costs, even delays in securing finance from the bank. The good news is we all can forget about these problems. Meet KRATOS, an innovative solution to revert these trading challenges. KRATOS is a peer-to-peer platform built on blockchain technology that can help streamline trading processes and solve the challenges of the trading operations. But how? Through the implementation of a decentralized network architecture, the KRATOS platform digitizes paper contracts and transform 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 . So, what does all of this mean to you? 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 cost. It’s a win-win situation for all parties involved. Join us and revolutionize commodity trading with KRATOS

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