The world of blockchain goes beyond Bitcoin, which was the first application of blockchain technology. It is the technology that has great potential of altering the world totally, adding more convenience and speed to our lives. It is a decentralized, and digital record that cannot be manipulated hence creating trust and resilience. Free of any centralized authority’s influence, blockchain works on the peer-to-peer principle that eliminates any single party control. It uses cryptography as the basis of its transactions ensuring transparency throughout the process, and probably that’s why The Economist calls it a “trust machine.” No one can easily tamper with any of its transactions. Moreover, every transaction is traceable by anyone.

Blockchain has applications in several industries. However, only a few companies are working on the blockchain technology to alter the landscape of the world’s biggest industry — the maritime industry. The global trade industry accounts for 90% of the world’s trade, whereas global shipping companies face payments disputes of $140 billion tied up daily. The cost of administration is also getting new peaks with a load of paperwork and traditional transactions. BitNautic, by applying blockchain principles can bring a revolution in the shipment industry and its process.

Takes Away the Risk of Forgery:

A significant proportion of the global shipping industry still operates in old-fashioned ways and a lot of paperwork. BitNautic digitizes the whole process, diminishing the need for paperwork, cutting the administration costs besides dealing with forgery and temptation problems. The decentralized, p2p data makes it nearly impossible to change or alter the records and allows you to trace the credibility.

Simplifies the Transactions:

By using BitNautic wallet or BTNT currency, you no longer have to wait for the processing of your financial transactions. No more they remain held up, neither you have to pay heavy taxes or transaction fees. You can simply use BitNautic wallet to pay via reliable cryptocurrency that keeps a record of every transaction and gives you access to identity management and transparent process.

Enables to Track your Shipment:

Tracking and tracing your cargo at every step of the journey has never been so simple as BitNautic made it. It updates you about every phase of the shipment, notifies in case of delays and hurdles. Not only limited to it, but the sensor in your cargo keeps you updated with the condition of goods. It also alerts you within no seconds of damage and unauthorized access to shipment.

Makes the Whole Process Risk Free:

From choosing the right carrier service to ensure the safe delivery of your products, and the right price, its platform provides you with ultimate ease of mind. From scores of cargo services and ships dealers, you can choose the right one of your choice based on his reputation. Besides it, BitNautic marketplace enables the secure exchange of wholesale goods, and commodities.

It doesn’t matter whether you are a ship owner, carrier service provider, importer or an exporter, infusing blockchain in your business can genuinely transform its structure, making it more reliable, safer and profitable.