Nauticus Platform Enables Better Global Banking and eCommerce

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Who has ever guessed that today blockchain technology becomes one of trusted technology due to its security and accessibility? So far, we could see how most people, retailers and financial institutions have used this technology to enhance their businesses. Considering the advantages of using blockchain technology, Nautic is also interested in utilizing blockchain to create a global banking and eCommerce solutions.

Nauticus and Blockchain Technology

Not only taking a long time to process transactions, the current banking system also lack transparency, since we have to involve banks or other financial institutions as middlemen. The role of such third party also makes both of main parties ( usually buyers and sellers ) cannot have a real-time transaction, not to mention the risks of corruption and money laundering, or high operational cost required.

At the same time, blockchain technology brings us to a future of crypto-economy which will solve all of the problems found in the traditional system. And now Nauticus, powered by blockchain technology offers us a user-friendly, efficient and secure crypto banking, payments and eCommerce solutions underpinned by the Nauticus Coin.

Let’s see how the features created to enable such a new ecosystem.

Nauticus Crypto and Fiat Currency Exchange

The Nauticus Exchange will be the foundation platform for subsequent Nauticus banking, payments and eCommerce solutions. Here, you can immediately trade Nauticus Coins with dozens of other cryptocurrencies such as BitCoin, Ethereum, Ripple and even more currencies in the near future.

This exchange also will support six major foreign fiat currencies like USD, EUR, JPY, HKD, AUD and ZAR, and will expand to 16 fiat currencies in the near future.

Within the first 12 months, Nauticus Exchange will develop a payment system which gives its users the access to transfer funds between each other or to make payments to external parties.

And oh, we do not have to worry about paying for high operational fees. Since Nauticus will connect buyers and sellers (or both parties of a financial transaction) directly, it will only require much lower fees than traditional banks – as little as 0.1 percent and will even lower in the future.

Nauticus Marketplace

In order to support the eCommerce, Nauticus will build its own marketplace. Here, a decentralized blockchain based rating system will be used. It will enable users, merchants and businesses so those whom they have traded with can offer feedback to ensure trust and reliability. There will also be a ratings and reviews system for verified purchasers of products.

Other platforms may have applied their own rating systems, but Nauticus rating system will be much more detailed and granular than traditional platforms. It will provide reviews of the entire supply chain and the component of a product.

But why does Nauticus think that we need the information? The information is provided to ensure the transparency. So that consumers can select goods based on environmental considerations or the labour conditions under which the goods were produced.

Nauticus Platform Security

Because the platform uses blockchain technology, so all of the information and transactions will be securely recorded into blockchain. The records will be permanent and unchangeable, ensuring secure and accurate personal and identifying information. It will be held on private distributed ledger systems managed by multiple server locations.

Nauticus Platform will use KYC policy to verify the identity of each customer. For your information, KYC (Know Your Customer) policy helps prevent theft, money laundering and the financing of terrorism.

Nauticus Token Sale

Of course, all of the great project plan mentioned before will be well developed after the ICO of Nauticus Coin (NTS) meets a success. For your information, the total supply of its token is 2,500,000,000 NTS, with one Nauticus Coin (NTS) is worth 0.00001 BTC. Its ICO includes pre-sale and the main sale is started on March 18th until May 18, 2018.