Topic: ALL YOU NEED TO KNOW ABOUT KRATOS (Read 162 times)

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 arbitrator etc.

Documents

• Transactions may include a significant amount of manual administration due to discrepancies in documentation. Manual documentation is both time-taking and prone to errors. Hence, manual documentation not only leads to delays of a few weeks but also results in increased costs.

Quality assurance

• Physical commodities require crucial quality assurance. But the regions in which most of the goods are manufactured commonly have very lenient supervision. Even the documents can be easily altered. Given the lack of transparency in the system, the quality assurance remains questionable in commodities trading.

Secured capital

• In the current market situation, SME's face challenges to seek assistance from Financial institutions to obtain financing for commodity trading. Even after meeting the stringent economic requirements for trade finance due diligence check, limited visibility and insufficient evaluation from potential financiers make SME significantly less likely to receive financing relative to larger players.

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 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.


Roadmap

Aug 2017 - Seed Funding

Feb 2018 - KRATOS Proof of Concept (POC)

Jun 2018 - MVP 1.0

Jul 2018 - Pre-ICO

Sep 2018 - ICO

Oct 2018 - TCR & MVP 2.0 with Risk Management module

Dec 2018 - MVP 3.0 with Finance module

Mar 2019 - MVP 4.0 with HR & Administration module

Sep 2019 - MVP 5.0 with Logistics module

Dec 2019 - KRATOS ERP


Token Information

Token name                   TOS
Token value (Pre-Sale)   1000 TOS = 1 ETH less 20%
                                    (Pre-ICO period discount)
Token value (ICO)          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


Team

SRINIVAS KONERU
Anchor Investor
Singapore

SRINIVAS KONERU
Anchor Investor
Singapore

MARK FUNG
Director
Hong Kong

ASHISH SRIVASTAVA
Senior Vice President
Singapore

SUE KAH YONG
Blockchain Architect
Singapore

ASHISH CHOPRA
VP- Industry Specialist
Singapore

JAGADEESH (JAY) MUNNANGI
Functional Trade Expert
Thailand

AYASKANTA JEE
Talent Manager
Singapore

SUMIT NARANG
Sr. Blockchain Developer
Singapore

ADITI SEN
Product Marketing
Singapore

SHWETA GUPTA
Marketing Specialist
Singapore

YAZID YACOB
UI/UX Designer
Singapore

PARUL SINGH
Blockchain Developer
Singapore

MOUPIYA SAWOO
Marketing & Communication
Singapore