Putting a commodity trading ecosystem in the realm of blockchain with our newest ICO client, KRATOS™
The FinTech wave has engulfed nearly every aspect of the financial industry, with incumbent institutions facing competition on all fronts by young and dynamic challenger startups. The trading of commodities however, has been relatively untouched by all this innovation.
This is where Mr. Srinivas Koneru from Akratos’ Anchor Investor, Symphonia sees an opportunity for disruption. According to him, “The multi-trillion commodities trading industry globally is suffering from the challenge of increasing trade finance gap despite numerous programs and schemes rolled out by several international banks.
“The supply chain challenges of quality assurance due to immense number of intermediaries, documentation fraud adding to mistrust between the trading partners and delays in trade finance add to overhead costs to a marginally profit driven industry. Lack of a holistic solution in the market at present, is what makes KRATOS™ ‘The Game changer’.”
According to Mr. Ashish Srivastava, Senior VP at Arkratos, “Our blockchain-based platform, KRATOS™ is an ecosystem for all the stakeholders of this industry. Our Token Curated Registries will help SME’s find trade finance options and provide financiers with reliable potential trades. The use of blockchain technology and Smart Contracts will ensure higher transparency, higher efficiency and lesser complexity, which will revolutionize the industry in coming years.
“We are extremely excited to be collaborating with trade.io and their team of experienced members in the blockchain and crypto space. There is much synergy together to continue solving the challenges faced by the physical commodities trading industry through blockchain technology.”
How will our community benefit?
Using our affiliate link, TIO holders can also receive a 5% bonus when purchasing KTOS : https://kratospct.io/join.php?affiliate_id=tradeio
ICO crowdsale dates: 1st November 2018 — 31 December 2018
Finer details:
Token supply: 300M KTOS
Token price: 0.001 ET
Read their one-pager here: https://bit.ly/2Mgvu56
KRATOS™, their flagship product is a blockchain-based platform that is accessible 24/7 for the commodities trading industry. The blockchain technology allows KRATOS™ to act as a single source of truth. A distributed version of all documentation that is necessary to facilitate commodities trading is shared and visible to all involved participants of trade in real time. The smart contracts between the trading parties allow for more efficient, accurate and simpler processes leading to lower overhead costs and time delays.
KRATOS™ has currently secured commitments across various global partnerships to further strengthen their blockchain technology platform including:
- Linxens: Effective authentication, verification & management of trade transaction documents
- tradeteq: Credit analytics, trade finance matching
- Bancor Network: Cryptocurrency conversion platform
- Artemis: Industry grade KYC/ AML check for the platform users
- Ethereum: Smart contract protocol execution
- AWS: Cloud service hosting of the platform
- Cloudflare: Ensure web security
trade.io’s CEO Jim Preissler commented on the collaboration, “We are very excited to be partnering with Akratos and are very confident in the capabilities of their team. Having reached their seed funding of USD 5 million and 15+ early adopters, KRATOS™ is a project that shows a great deal of promise and I am looking forward to see how we can help them disrupt the commodities trading industry.”
About trade.io
trade.io is a next-generation financial institution based on blockchain technology, creating a truly unique exchange that will revolutionise asset trading and investment banking. By leveraging decades of experience in the investment banking, trading & FinTech sectors, and combining them with the power and transparency of the distributed ledger, trade.io has providing the ultimate security and transparency.
For more information on the trade.io ICO Consultancy services, please reach out to consulting@trade.io.
About Arkratos:
Based out of Singapore, Arkratos Blockchain Solutions is a part of large holdings company which has over 100 years of collective expertise in international commodity trading industry with $2 billion consolidated group revenue, $230 million group paid up capital and operation in over 15 countries across Asia, Africa, and Europe.
Arkratos provides fintech solutions services on a global scale. Advent of blockchain technology prompted the company to develop its first Blockchain based product- KRATOS™. The company also provides services like Blockchain Product development, Smart contracts, Tokenomics consulting and Whitepaper advisory.
For queries, reach out at hello@arkratos.com, +65–66619240
