TITA PROJECT REVIEW
Today i like to present you TITA project which can solve the cash settlement problem and this can be utterly suburbanised platform that means nobody owns this platform. there's not a lot of struggle to induce your a refund after you ar victimization the ethereum block-chain. good contracts ar powerful and build the work potential on its own. Imagine if you'll be able to connect the crypto world and therefore the commodities world, then it’s about to be super simple. you'll be able to trade from anyplace and you'll be able to a be farmer or manufacturer or provider or monger, you get the correct worth. this can be a peer to see marketplace and further as exchange.
THIS PLATFORM can DIVIDE INTO 2 SECTORS
- TITA Center. this can be a suburbanised network - the e-commerce market, wherever raw materials and finished merchandise see with producers, consumers, sellers, suppliers and different traders. block and good contracts can guarantee transparency of trade relations, further because the quality of products and services delivered. The theme of the TITA Center is shown within the figure below.
- TITA Exchange. The platform can implement its suburbanised exchange, which is able to make sure the responsibility of trade services with their association to varied world commercialism platforms in real time. this can make sure the best worth and convenience of commercialism futures contracts. the employment of robotic genus Apis is enforced for automatic and semi-automated dealing for users.
TITA's ecosystem
Decentralized networks designed to control like e-commerce markets wherever Raw Materials and their finished merchandise acquire contact with different makers, buyers, sellers, suppliers, distributors and commercialism agents. this can offer users an honest product visibility and make sure that prime quality standards, transparency, and group action convenience ar met with the employment of good contracts and therefore the power of blockchain technology.
What are the issues TITA going to solve
Cash Settlement
The main downside in money settlement is that the commodities spot wholesale market isn't associate degree organized one (globally). artefact costs vary from location to location and conjointly in accordance with their quality characteristics, selection and most popular end-uses in numerous locations.
There is no single distinctive damage quotation for a artefact valid throughout the country at any given time.
Credit Lines
Access to international markets changing into additional unnatural as a results of tighter credit lines of intermediaries in developed markets.
Logistics
Commodity traders recognize that a typical metals cargo isn't simply from mine to smeltery or skilled worker to purchaser; rather, it will involve ships, trains, warehouses, and factories on the means. And even once that cargo sits in on a barge or vessel for a month or in a very mill for a year, its possession will modification multiple times.
Technology
The commodities markets are laggards once it involves innovative and newest technology. several commodities traders have invested with heavily in their Commodities commercialism and Risk Management (CTRM) technology. However, several firms and people aren't glad that they're unlocking the complete advantages of their investment
Website - https://titaproject.io/
Whitepaper - https://titaproject.io/whitePaper.pdf
author: snyderfx
profile: https://bitcointalk.org/index.php?action=profile;u=1219054