BitNautic: Decentralized Shipping Platform

Introduction

Based in Lugano, BitNautic is a single platform, capable of holding together all the major players of the shipping market: carriers, shippers, producers, buyers. Based on the blockchain, it is a completely transparent network, where ship owners can list their ships, update their location in real time, and cargo owners can find the best routes for their shipments, and at the best price. At the same time this allows them to forge new business relationships, extending their network and bringing new customers to their business.

How does BitNautic work?

In traditional shipping ways, the transactions involve a lot of paperwork such as sales contracts, charter-party agreements, bills of lading, port documents, letters of credit and others related to vessel and cargo. All these documents need to pass through a long chain of departments. BitNautic prevails over old traditional shipping ways, which eradicates the need for several contracts to be signed multiple times and hence reduces paperwork. BitNautic also provides services and transportation which is internally boosted by decentralized blockchain technology. Inspired by the way blockchain payment system works, BitNautic proposes a trading platform for commodities where consumers, importers/exporters, ship-owners, service providers and producers of goods will be able to trade their products in the open market and free trade environment. The potential of blockchain within this platform makes it invulnerable to hacks, frauds or viruses making it totally transparent and secure. The BitNautic Decentralized Shipping Platform, takes the product, the manufacturer, the transporter, the consumers and everything else in between, to one surface. The implementation of blockchain technology and smart-contracts makes the process more transparent, secure, effective, less time-consuming and less vulnerable to cyber-attacks. Moreover, it makes the tracking of Orders, shipments, consignments, container or of a ship more accurate and effortless. The AI (artificial intelligence) systems manage and control most of the process to avoid any human errors or inefficiencies. The complicated calculations of estimated delivery time of a shipment, which is otherwise influenced by unpredictable factors like the bills of lading, port documents, letters of credit and others related to vessel and by the weather conditions on the route to be followed by the ship, will be calculated by the AIs. It Solves, the biggest challenges faced by the shipping industry, as one single solution with the implementation of blockchain technology and smart contracts.

Bitnautic ICO

The ICO token BTNT provided by BitNautic is an ERC20 token which will act as a medium to help you be a part of the project. Funds raised via ICO and pre-ICO will mainly be used for the research and development of the platform, in-house trading business, and to purchase ships to be used for the transportations of goods in containers as well as bulk products such as agricultural goods (sugar, corn, rice etc.), minerals and construction materials. The BitNautic ICO will involve the release of 35 Million tokens for crowd sale. The pre-sale for BitNautic starts on the 1st of May and ends on 30th of May, with the main ICO Phase 1 starting on 1st of June and ending on 4th July 2018, and the ICO Phase 2 starting on the 11th of July and ending on the 15th of September. BitNautic also plans to incorporate a bonus program; the PRE-ICO SALE 2018–03–15 to 2018–03–30 has a Bonus of 30%, with the bonus decreasing weekly for Phase 1 (1st Week Bonus = 20%, 2nd Week = 15%, 3rd week= 10%, 4th week = 5% and the rest of the 4 weeks has no bonus) and daily for Phase 2: the Bonus Program will see a starting bonus of 34% on the first day of ICO Phase 2, and decrease progressively by 0.4% every day until it will reach 10% in the last week of ICO.

Pre ICO Starts: May 1, 2018

Pre ICO Ends: May 30, 2018

ICO Phase 1 Starts: Jun 1, 2018

ICO Phase 1 Ends: Jul 4, 2018

ICO Phase 2 Starts: Jul 11, 2018

ICO Phase 2 Ends: Sep 15, 2018

Token Symbol: BTNT

Token Type: ERC20

ICO Supply: 35 Millions

Total Token Supply: 50 Millions

Bitnautic Features

It involves the following features as listed below:

Transport System: BitNautic will have a fleet of ships, owned by BitNautic or listed by the ship-owners/ shipping companies on the platform. These ships will mainly cater to the transportation needs of the in-house trading arm of the business. The ship owners can use the platform to make their ships’ opening positions known to charters. BitNautic will use funds raised through the ICO for buying ships capable of carrying the cargos for the in-house trading business in near future.

Booking system: The user can see the ships available to carry their cargo based on their current location cross-matched with the destination of the cargo. The best matched lowest prices will be given to the user from which they will have the option to choose from multiple packages from different service providers based on specifications- weight, time frame, destination, address, source address. Booking a broker agent for all shipping chores can be executed using the BitNautic booking system.

Brokerage system: A real-time ship brokerage system for ship owners, broker agents, and the courier companies; all possible with the BitNautic platform. The brokerage system of BitNautic will give ship-owners an opportunity to offer the ships which they can avail to get going on the job.

Ship & Cargo Tracking System: BitNautic also deploys an AI (Artificial Intelligence) based state of art ship and cargo tracking system for its users. This feature is specifically designed for ship owners and consumers for booking a cargo, viewing the status and position of the ships in real time. The same tracking facility would be extended to cargo owners as well to see their cargo location in real-time.

E-commerce Platform: Here various users can come together and have trade deals. The payment system of this platform is fast, simple and secure which uses global digital currency removing all the barriers and difficulties associated with fiat currency.

Shipping and cargo marketplace(SCM): The main goal is to facilitate existing shippers, cargo companies, brokers, and traders to use the BitNautic platform and the payment system easily to market their shipments in the global market. The platform would bring everybody associated on the same table where high market demand can easily be translated into the excess supply.

Mobile Application: The BitNautic mobile application would allow booking and tracking features along with detailed reports for all activities by the user. The mobile application would provide real-time detailed reports that would help customers get a better insight which in turn would help in sketching a better picture of the cargo status, resulting in improved customer service.

Exclusive deals and discounts: Based on the behavior of the users, the BitNautic platform offers deals which we believe will prove as an important milestone. Special deals would be arranged for retaining customers and meeting all their expectations as an uphill task in each and every market globally.

WHITEPAPER

Token Allocation

Crowd Sale (Pre ICO + Main ICO) — 70.0%

Founders — 4%

BitNautic Team — 6%

BitNautic Advisors — 5%

Bounty Program — 5%

Reserve Fund — 10%

Funds Allocation

Facilitate Ships Purchase — 30%

Admin Operations -7%

Marketing & Sales — 30%

Research & Development — 20%

Legal Fees — 3%

Exchange Integrations — 10%

Bounty Program

Mainstream Media — 25%

Social Media bounty — 24%

Bitcointalk Bounty — 26%

Blog/ Forums Bounty — 14%

Translation Bounty — 8%

Bug Reporting Bounty — 3%

(If you are interested to participate in bounty program, send your nomination to bounty@bitnautic.io)

Social Media Presence

Website — Facebook — Twitter — Medium — Telegram — Reddit- Linkedin