Pioneers Come Together to Develop a World-class Blockchain-based Platform for Physical Commodities Trading

SINGAPORE, May 4, 2018 /PRNewswire/ -- The 21st floor of Millenia Tower, Singapore is buzzing with activity. The pioneers of physical commodity trading industry have come together on board for Arkratos Blockchain Solutions as advisors. Providing insights from their decades of experience, they are working together on developing a world-class blockchain-based commodities trading platform - KRATOS.

Founded by Mr. Srinivas Koneru, a serial entrepreneur with 35 years of experience in IT and commodity trading, the product is backed by Singapore based holding company whose annual turnover is over US$2 billion.

The challenges faced by the agricultural product-based industry are shared by Mr. Sudarmo Tasmin, Deputy President Director, TBLA, the largest agri-product based company in Indonesia and Mr. NG inwei, CEO Agritrade Resources Limited, an integrated energy provider with market capitalization of HK$7.85 billion.

Mr. Henry C. Mytton-Mills, founder and CEO of Aries Maritime Holdings and Mr. Roy Wong, director of 70 Ships Pte Ltd are constantly sharing their experience from shipping and logistics perspective.

The valuable recommendations by Mr. Cheam Hing Lee, MD and CEO of Rhodium Resources and Mr. Ojas Doshi, MD, Rhodium Investments about commodity trading and trade finance have helped Arkratos team shape KRATOS as a trader's haven.

Adding to the handpicked advisory panel of KRATOS are expert from trade finance industry, insurance, vessel chartering, crypto expert, marketing and PR, technology innovation and blockchain technology.

These domain experts have come together seeking a solution for the challenges they have faced in their decades of experience. KRATOS uses blockchain technology to solve the challenges of documentation fraud and lack of transparency, the biggest challenge in the commodity trading industry and helps in tracking the origin of the product. It also converts paper contracts into digital contracts reducing manual documentation errors and saving overhead costs. KRATOS converts digital contracts into smart contracts that self-execute when the pre-determined conditions are met, thereby saving on processing time and making the trade flow faster.

Based on the initial response received from the early 15 adopters for the beta version of the platform, KRATOS is surely going to revolutionize how the trade had been done till date.

About Arkratos:

Arkratos provides innovative services solutions services on global scale. It has recently launched its blockchain-based product - KRATOS. It also provides Blockchain Product development, Smart contracts, Tokenomics and Whitepaper advisory services.

Contact: Shweta Gupta, [email protected], +65-6661-9251

Photo - https://photos.prnasia.com/prnh/20180504/2123274-1

SOURCE Arkratos

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