The TITA Project is Unique and the very first of its kind From Africa- creating a peer-to-peer decentralized marketplace for globally traded commodities and finished goods and also a decentralized crypto-to-commodities asset exchange as its's two main Ecosystems. All of which are powered by the Blockchain Technology to provide Transparency, Security, Ease of Transaction, Better financial settlement and a community enhanced financing structure for producers/producing communities..
WHY Blockchain ?
Blockchain technology can make Physical Trade execution easier, Faster and Less Expensive. For Example - Documents play a major role in international commodity and finished goods trade, but the process throughout the ages have had High processing cost, Limited automation, Poor risk management tools, and is Labour Intensive.
By having the Buyer, Seller, Third Parties (Logistics and Inspection companies, Banks, Brokerage Firms, etc) on the same distributed ledger.
All parties can simultaneously view, update and share data about a physical delivery, document issuance and payment. We are ensuring Trust through the Blockchain.
Blockchain technology provides risk management capabilities to provide rewards on trusted platforms to individuals directly without the use of middlemen.
HOW IT WORKS
A decentralized network designed to operate like an e-commerce marketplace where Raw Materials and their finished products intersect with their respective producers, buyers, sellers, suppliers, distributors, and other agents of trade.
- This will give users good product visibility and ensuring that high quality standards, transparency, and transaction ease are met with the use of smart contracts and the power of the blockchain technology.
- A special TITA protocol has been uniquely designed and will be implemented to ensure the TITA CENTER's operations.
- The Platform is designed with the intergration of different players (Logistics and Inspection companies, Banks, Brokerage Firms, etc ) other than the buyer and seller.
- Ensuring trust means our Protocol has the ability to perform verification easily and effectively.
- The use of the TITA tokens to facilitate and prolong market activities.
A decentralised commodity trading exchange designed to provide robust trading services due to real time connections with various commodity global trading floors around the world thus giving best possible prices and user experience for trading futures contract.
The use of Automated APIs is implemented to enable automatic and semi-automatic trade executions for all our users.
- Trade Commodities using future contracts and options with a select number of crypto-currencies
- The use of robotic API’s is implemented to enable automatic and semi-automatic trade executions for users.
- Highly Secure wallets to enable seamless transactions and swift payouts
- Reduced Transaction fees
Centralized trade barriers and structures have reduced trade transactions, indirectly limited access to raw commodities, created price manipulation by governing bodies and has painted the commodity market as not risk worthy. This has caused a lot of harm to this market than good and the problem inadvertently will still continue to grow..
Limited Credit Lines
Access to international markets becoming more constrained as a result of tighter credit lines of intermediaries in developed markets.
Poor Supply Chain Structure
Commodity traders know that a typical metals shipment is not just from mine to smelter or refiner to purchaser; rather, it can involve ships, trains, warehouses, and factories along the way. In this market, there are too many inefficiencies.
Low Risk Management Tools.
Many commodity traders have invested heavily in their Commodities Trading and Risk Management (CTRM) technology. However, Many companies and individuals are not satisfied that they are unlocking the full benefits of their investment.
Slow Cash Settlements
The traditional financial and verification setups offer a major drawback in cash settlement which births transaction bottlenecks.
The TITA Network; which is powered by the Blockchain and the use of Smart contracts. The TITA Network's ecosystem (TITA CENTER and TITA EXCHANGE) will be driving to Increase the E ciency of the Supply Chain of finished or unfinished goods, Bridge Asset Investments, diversifies risk in the commodity Market and provide enhanced financing for producing communities.
With uniquely designed features linked by addresses which serve as activities within the ecosystem. Full stack utilization of blockchain technology.
Full benefit of managing all the title transfers electronically through a distributed public ledger, certified by any counterparty of the supply chain.
Next Generation Wallet
With full implementations of the TLS & SSH encryption protocols, wallets are seamlessly secured and transactions fast.
Introducing our business model, the GVM (Guild Verification Model). Providing users of the platform ease of use and trust between the buyers and the sellers.
Transactions are done through the blockchain therefore allowing users gain access to their own records and monitor transaction fees.
Very Low Fees
Aiming to reduce conversion fees from foreign exchange by introducing the TITA token, providing a means of transaction and close to nothing generated fees throughout the blockchain.
Runs completely on blockchain protocol. User can now choose what and how their data is used and stored.
All payments within the TITA Network would be in TITA (The platforms token). Other cryptocurrencies would also be introduced for ease of exchange. Cryptocurrencies like: BTC,ETH, XLM.
The TITA Token is considered as the most valuable asset on the network. The TITA token will be referred to as “TITA” and will be issued to serve as fuel for the ecosystem and as a form of exchanging on the platform to give incentives to users, to encourage trade and to build a trust less platform (escrow) to facilitate market activities, Provide database for Producers, Manufacturers, Supplies and other Agents in the Supply Chain Circle. It will also be used as the staking unit for selecting block producers, as well as a single medium to pay for costs incurred by the TITA Network.