TITA Project - Blockchain Technology on Commodity Trading

hagz (30)in #tita • 6 years ago

The Tita Project is all about building a decentralized ecosystem powered by Blockchain technology for the buying and selling of locally/globally traded commodities and finished goods thereby setting up pedestals that enhance the financial systems of the communities where these commodities are produced. Tita project is a unique and the very first of its kind in Africa, creating a peer-to-peer decentralized market place and also a decentralized crypto-to-commodities asset exchange. Powered by the Blockchain technology, Tita Project provides transparency, security and ease of financial settlement of any trade transaction on the network across national and international borders.

The TITA Network is powered by the Ethereum Blockchain through the use of Smart contracts. The TITA Project is creating a decentralized network, its ecosystems are driving to Increase the Efficiency of the Supply Chain of finished or unfinished goods, Bridges Asset Investments, diversifies risk in the commodity Market and provides enhanced financing for producing communities.

The TITA Project has a strong value proposition to Commodity Exchanges, Finished goods Market, Manufacturing Organizations, logistic companies, security companies providing services for commodity trade, clearing houses, agents, buyers and sellers alike. Thereby creating a unique space for our users by creating multifunctional platforms that connects these various players, making trade easier and give them the ability to access a wide range of services.

With the Commodity Market capitalization valued at over $50 Trillion, the TITA Network empowers everyone to seamlessly interact, trade and invest in one of the biggest markets in the world.

The TITA Token is the common entity which moves between these addresses (Activities) and triggers the desired functions to automatically come into play or be terminated. The concept design has made it possible for the TITA Tokens to be built in a unique way and designed with functions to fit for tracking physical commodities and goods along the supply chain, where a lot of transnational procedures are still recorded on paper. On the TITA network you have the benefit of managing all the title transfers electronically through a distributed public ledger, certified by any counterparty of the supply chain, which would eventually increase trust between the market players (and reduce counterparty risk) and ease hedging processes due to elimination of clearing.

The TITA Project has a strong value proposition to logistic companies, security companies providing services for commodity trade, clearing houses, agents, buyers and sellers who are not only incentivised for participating but have a trusted platform. We will create a unique space for our users by creating a multifunctional platform and that connects these markets, makes trading easier and gives them the ability to access a wide range of services not limited to logistics, tracking and security services. We have employed data analysis from surveys based on geographical locations to provide real time solutions to address particular trade problems and give traders access to enhanced financial systems like credit lines after extensive verification to boost production and trade.