√ Kratos - Decentralized Physical Commodities Trade on Blockchain - Tupai Lugu

Thursday, October 4, 2018

Kratos - Decentralized Physical Commodities Trade on Blockchain


Commodity trading challenges include insufficient trust, manual documentation, and unnecessary intermediaries. These problems often result in significant time-delays and high cost. KRATOS is an Ethereum-based platform that employs Blockchain Technology and Smart Contracts to address these challenges. As a result, KRATOS platform delivers better transparency, higher efficiency, and less complexity than any other existing system. The use of this platform would result in more timely deliveries and lower cost.

A decentralized commodities trading platform, significantly transforms and enhances international physical commodity trading across its whole product life cycle. Commodity trading challenges include insufficient trust, manual documentation, and unnecessary intermediaries. These problems often result in significant time-delays and high cost. 

KRATOS is an Ethereum-based platform that employs Blockchain Technology and Smart Contracts to address these challenges. As a result, KRATOS platform delivers better transparency, higher efficiency, and less complexity than any other existing system. The use of this platform would result in more timely deliveries and lower cost. KRATOS has developed a Token Curated Registry process for trades submitted to the KRATOS platform. Trades submitted on the platform for trade finance will be curated by token holders. 

The output of this curation process will be a list of high-quality trades, which will represent a subset of trades that may not otherwise receive financing. It would be difficult for others to compete with Arkratos since it already has a functional MVP and has secured commitments for the use of its platform from multiple global commodities trading firms.

KRATOS will address the lack of trade finance for SME’s through a Token Curated Registry (TCR) process. Currently SME’s must almost exclusively go through banks to raise trade finance. This is a long and cumbersome process, often delaying the trade lifecycle and significantly reducing trade profits. At times, certain trade finance deals will not be financed due to manpower issues and system inefficiencies among banks. ARKRATOS’ management and advisory team has over a 100 year of collective experience in trading physical commodities and has been working very closely with players in the physical commodities trading space to deliver an innovative and robust model for various players to both receive and provide trade finance.

KRATOS will provide SMEs a platform to facilitate fundraising for TCR processed qualified trades. This in turn will enable KRATOS to achieve its vision in 3 years as the premier one stop shop for all physical commodities trading needs, making us the Alibaba of physical commodities trading.

Vision
To replace legacy inefficient technologies with innovative blockchain based solutions.
Mission
Our focus is to provide latest blockchain based technology solutions to help businesses increase transparency, eliminate operational inefficiencies and build trust within their business ecosystem.

KRATOS is a blockchain based platform for the Physical Commodity trading industry. The founders have experience across many industries like Banking & Finance, Education, E-Governance, Healthcare, Insurance, Sustainability & Traceability. Presence of a deep and vast in-house knowledge pool helps to dig deep into underlying core issues and create solutions & products to address these issues.

Srinivas Koneru, the anchor investor of Arkratos, belongs to a US$2billion revenue generating company operating in over 15 countries across Asia, Europe and Africa. With a group capital of US$ 230 million and collective experience of 100 years, the company holds an eminent position in the international commodities trading ecosystem.

According to Mr. Srinivas Koneru, “Blockchain will be a game changer in technology space. Arrival of Blockchain can be compared to that of Internet which changed the way the world operates today.” as quoted during TXF Amsterdam, 2018.

SERVICES
The Arkratos team has significant experience in delivering large scale global services platforms in the financial, telecoms and mobile content industry, with a proven track record managing and delivering some of the world’s largest mobile network operator platforms and services and architecting numerous financial series application solutions, security and anti-fraud models.
  • Blockchain Product Development
    Arkratos intend to enhance your current processes using innovative blockchain solutions by streamlining- Verification, Cryptography, Automation, Trust-shifting etc.
  • Smart Contract Development
    We offer full suite of smart contract development depending on the product and solution architecture. Our solidity programmers can leverage the blockchain solution using smart contracts.
  • Tokenomics
    Transform your Business Idea to a successful Business plan; We are there to help you in every stage of planning & execution of the right Tokenization strategy.
  • Whitepaper Advisory
    Read-through and studying of whitepaper. Getting it reviewed from our professionals and advisors bringing true collaboration and help organization to strategize future-proof businesses.


The KRATOS platform
KRATOS - A decentralized commodities trading platform, significantly transforms and enhances international physical commodity trading across its whole product life cycle. Commodity trading challenges include insufficient trust, manual documentation, and unnecessary intermediaries. These problems often result in significant time-delays and high costs. KRATOS is an Ethereum-based platform that employs Blockchain Technology and Smart Contracts to address these challenges. As a result, the KRATOS platform delivers transparency, higher efficiency, and less complexity than any other existing system. The use of this platform would result in more timely deliveries and lower costs.

KRATOS has developed a Token Curated Registry process for trades submitted through its platform. Trades submitted on the platform for trade finance will be curated by token holders. The result of this curation process will be a list of high-quality trades, which will represent a subset of trades that may not otherwise receive funding.

It would be difficult for other platforms to compete with Arkratos since it already has a functional MVP and has secured commitments for the use of its platform from multiple global commodities trading firms.

The challenges in trading commodities
  • Insufficient trust
    The physical commodity trading process lacks transparency in terms of origin, quality and quantity of the ordered commodities as well as the shipment details. Hence, buyers cannot entirely trust their trading partners and end up involving mediators such as brokers, private investigators, and arbitrators etc.
  • Documents
    Transactions may include a significant amount of manual administration due to discrepancies in documentation. Manual documentation is both time-consuming and prone to errors. Hence, manual documentation not only leads to a few weeks worth of delay of but also results in increased costs.
  • Quality assurance
    Physical commodities require crucial quality assurance. But worldwide locations where most goods are commonly manufactured have very lenient supervision and security. Even documents can be easily altered. Given the lack of transparency in the system, quality assurance remains questionable in commodities trading.
  • Secured capital
    Given the current market situation, SME's face challenges when seeking assistance from Financial institutions in obtaining proper funding for commodity trading. Despite having met the stringent economic requirements for trade finance and the due diligence check, SMEs are significantly less likely to receive funding of the same caliber as larger players because of the limited visibility and insufficient evaluation from potential financiers.

The Solution Advantages
  • Real world usage
    Whitelisted data of high quality trades will facilitate SME’s expanding access to potential financiers. As a result, it becomes more efficient for these potential investors to vet the list of high-quality trades than to vet any potential trades otherwise presented through different means.
    Digitalising the current paper-based process through smart contracts reduces overhead costs and delivery time for the service operations.
    Arkratos provides an end to end solution for the entire commodities trading ecosystem. Our platform encompasses industry grade KYC/AML, HR, Administration, Finance.
    It is faster as it runs on Smart Contract protocols & Blockchain Technology. It is also less expensive due to the minimal fixed cost.
  • Market adoption potential
    Interest from customers - Financing module speeds up payments to service providers and reduces the issues of cash flow to traders.
    We already have a major client for this platform - Rhodium Resources - as a part of our group of companies. Specifically, Rhodium will be the first customer employing the “Financing” module of the platform, funding several commodities trades using the funds raised by the ICO, and paying a fee for doing so.
  • Market presence
    KRATOS has been developed by Arkratos Blockchain Solutions. Arkratos’ anchor investor is an established company with global operations in over 15 countries.
    Arkratos will leverage its early adopters relationships in the commodities space to onboard new participants in the ecosystem providing network effects.
Token Information
Token name : TOS
Token value : 1000 TOS = 1 ETH
Total supply : 300,000,000
Pre-ICO period : 80,000,000
ICO period crowdsale : 85,000,000
Token type : Ethereum ERC-20

Token distribution
Pre-ICO & ICO 55%
Advisors 4 %
Ecosystem Participants 5%
Founders & Team 20%
Exchange Listing 4 %
Bounty 1%
Reserve 11%

Fund allocation
Platform Development 50%
Sale & Marketing 18%
Risk & Compliance 6%
Operations 21%
Legal & Audit 5%

The Funds raised from the crowd sale token will be used in:
Platform Development: Development of different modules such as Risk & Compliance Management, Insurance, Logistics (Ground, Sea & Air) and other module enhancements.
Sales and Marketing: Global sales and marketing to on-board customers and increase the number of players on the platform.
Risk & Compliance: Proper risk & compliance management team to handle each of the activities.
Operations: Proper support, infrastructure & security in place for a more robust system.
Legal & Audit: Legal team and auditors for total system transparency.

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