There are two major problems that 50 years of experience summarizes to us in the sector. One is fraud, the other is supply issues. The cost of fraud to the world is four trillion dollars a year. The most common types of fraud are fake insurance notifications, poor quality products, delayed deliveries, and even fake companies. For example, a coffee shipment of 200 tons from South America to Africa can be made in three weeks, while it can take up to eight weeks. These delays in products of strategic importance, such as rice, sugar, cement, can lead to serious problems for some states. Such uncertainties, which could lead to major crises, seem to have convinced the Catena team that there should be a platform for this. The main objective of Catena is to eliminate barriers to trade, to create competition and opportunities, and to create a fair distribution in the market. According to the Catena team, these problems can be solved if the blockchain network is configured correctly. In a trade business, there are multiple participants in the nature of the business. These are; manufacturer, trader, seller, buyers, shippers, insurance companies, quality auditors, government and commercial institutions in the form of can be sorted. There must be an unconditional trust, transparent and smooth trading environment among all participants. Any problems may be delayed, corruption may occur, and loss of confidence may occur. In such a case, this commercial agreement may be damaged or completely destroyed.
Catena offers a very strong solution to all the participants we mentioned above about trade. Catena is a decentralized platform on the blockchain network that was developed to solve the security problem only. Having a decentralized platform can sometimes offer great opportunities. In this way, users and customers do not have any confidence problems on the platform. Contracts carry out the entire blockchain network as a powerful, secure and transparent database. So Catena takes a step forward. The stock exchanges and trading platforms that act as a means of holding the money until both sides agree to it guarantee the enforcement of smart contracts when blockchain is involved.
Catena offers us two new technologies to boost the trade economy. ETP and COMAI technologies will enable many people or businesses to achieve growth and scalability, make their jobs right, create new opportunities and secure their business processes.
1- ETP: The efficient trading platform is a set of pre-programmed smart contracts. In this way, everyone can develop a very powerful smart contract for their business without programming knowledge.
2- COMAI: A mathematical model that allows you to define the best opportunities with the help of artificial intelligence.
Final Words:
Catena token is a very important part of the platform in the key role of allowing any trade or contract to operate in the system. Catena has managed to attract world-class traders and manufacturers in different industries and business volumes and has a tremendous potential to overcome the key challenges of the global trade economy's confidence and supply chains and to grow. For this reason, Catena token has the potential to maintain its value at all times and even increase its value continuously. Catena is one of the bravest and most quality projects in recent times. If the Catena team moves in line with the road map, there seems to be a lot of success. Still, I don't want to give you any investment advice. If you want to invest, doing your own research would be much more logical. Below you will find important links to Catena.
Website: https://www.catenaex.com
Whitepaper: https://s3-ap-southeast-1.amazonaws.com/whitepaper1/White+Paper.pdf
Telegram: https://t.me/Catena_DEX
Facebook: https://www.facebook.com/CatenaExchangePlatform
Medium: https://medium.com/@Catenaex
Bounty0x username: yenilmez86