AKSHAY PATIL

Today, shipping industry accounts of around 90% of the value of the World Trade. Shipping is the life blood of the global economy. Without shipping, intercontinental trade, the bulk transport of raw materials, and the import/export of affordable food and manufactured goods would simply not be possible. This hugely valuable industry has beentroubled for years by challenges like overcapacity, highly variable freight rates, security threats and increasing regulations. On the other hand, local producers, charterers and shippers, especially the ones operating from developing countries, are facing several problems when it comes to shipping, like the high number of intermediaries, the expensive freight rates, the lack of transparency, the limited number of sea lines, and the difficulties in shipping small cargo. It’s a well-known fact in the industry that global shipping has to increase efficiency, improve processes and perform a fundamental digital transformation, to ensure future profitability for the ship owners, and to provide more opportunities for the charterers and producers all over the world. To solve the industry critical problems, we are creating BitNautic, a distributed platform, based on the Ethereum Blockchain, for matching demand and supply of shipping services, for all the industry stakeholders: producers of goods, ship owners, charterers, brokers, importers and exporters. In our vision BitNautic contribution to the digitalization and decentralization of the shipping industry, will contribute to the growth of developing countries, in an open market and free trade, increasing international trade and cooperation, public-private partnerships within the industry, knowledge sharing, and bridging the gap between government regulators and the shipping industry. BitNautic has started his operations with a focus on the emerging countries of the Africa continent. BitNautic development and expansion will be funded with the Crowdsale of the BitNautic Token BTNT, used to access the BitNautic platform.