BitNautic is a decentralized blockchain-based shipping and cargo platform.

The BitNautic platform is designed to streamline communication between industry participants (importers, exporters, shippers, ship owners, carriers and agents). The BitNautic solution is supposed to facilitate secure and transparent negotiating and transaction process.

The BitNautic application will have the following features: cargo booking system, ship brokerage system and cargo consolidation. Shippers will need to enter cargo origin and destination, ship dates and type in the BitNautic system. They will get offers directly from carriers together with all necessary specifications and details. Ship owners will need to provide the ship location and date; they will then receive the data on matching cargos. The BitNautic team is developing an AI engine to meet the specific need of shipping industry and provide quality matching results.

The BitNautic developers have also envisaged the ship and cargo tracking, as well as escrow services. To facilitate transactions and trading of goods and service, the BitNautic team are issuing an ERC20 hybrid BTNT token. It will be used for subscription for professional use of the BitNautic Platform, cargo booking fees payment, etc.

According to the roadmap, BitNautic platform will be made available for public testing (public beta) in Q3 2018.