For people who are not aware about what BitNautic is all about, it is a decentralized marketplace for commodities where importers, exporters, end-consumers, and producers of various goods trade their products smoothly with the help of blockchain technology.
The main objective of BitNautic is to help everyone starting from the end-consumers to the ship owners and the investors all across the world. With the help of BitNautic, the practice of trading can be made smooth by connecting all the continents to one unique platform. The services that are provided by BitNautic are internally boosted by decentralized technology blockchain. It is because of this reason that this particular platform is considered to be safe from hackers, viruses, and frauds as well. It makes the platform completely transparent and secure.
How is BitNautic helpful to the Shipping or Maritime Sector?
The shipping industry is one of the oldest industries that is known to man. Although recently, technology has been initiated in this particular industry many of the cases still remain to be obsolete. Most of the transactions that are involved in this industry are done through paper-work. The fact that all these paper has great value and importance the process becomes lengthy and time-consuming as well.
In addition to this, there are several other problems that are faced by the shipping industry such as security threats, poor tracking, environmental regulations, labour disputes and lack of transparency.
In order to solve all these problems, the shipping industry has initiated the use of Blockchain Technology. This is where the use of BitNautic comes into the picture. With the help of BitNautic, the long lengthy processes of paper-works are cut short. The application also comes with various useful features that prove to be beneficial for the shipping industry.
In addition to that, the application also provides greater transparency.
The shipping industry is benefitted in the following ways:
• BitNautic provides global currency which would help the entire shipping community come to the same platform.
• BitNautic also transforms the traditional shipping practices that prevail in the shipping industry.
• The cost of transactions is also lowered with the use of BitNautic.
How does BitNautic work?
As already mentioned above BitNautic is a decentralized platform that is based on the blockchain technology. The particular application also comes with a lot of unique features which helps the shipping industry in various ways. BitNautic introduces a digital currency that can be used globally and it enables fast and easy transactions. This application has the true potential to bring all the three air, land and ship cargo on one platform and thus, it can be used by everyone in order to benefit themselves.
Token Details
Token Symbol: BTNT
Token Type: ERC20 (Ethereum)
Price: 1ETH = 500 BTNT
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Conclusion
Thus, from the above discussion it is clear that with the introduction of BitNautic, the shipping industry has benefitted to a great extent with the use of this amazing application. All the problems that long prevailed in the shipping sector can now be eliminated with the use of this particular application and this is exactly what is great about this application.
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Writer: Cryptoflintcode
