Grotto Technology (“Grotto”) aims to deliver business process automation solutions, built on blockchain technology and smart contracts. We will unite commercial buyers and sellers in a decentralized, open and fair network, enabling the execution of business processes across whole industries and participants. This will allow businesses to generate economies of scale through the ability to interact with anyone on the network. The smart contract technology that underlies the platform will provide an automated and transparent system for performance of business processes.
The Grotto platform is the solution for the most crucial business problems, such as limitations due to the lack of information, lack of infrastructure, lack of transparency, and consequently, lack of trust.
Fundraising, with the use of Grotto Technology Supply Token (“GTST”), will help to support product development and sales and marketing for the deployment of the platform. GTST is an internal currency of the Grotto platform and will be used as one unified token for all transactions across multiple industries. The different sectors of industries will create an intricate ecosystem with thousands of interconnected businesses, in which the token will be exchanged, and its value will be consistently on the rise. Our aim for GTST is to become the principal cryptocurrency which will largely replace sanctioned currencies in multibillion dollar industries over the course of several years.
Grotto’s first automation solution will be Supply: a patent pending business process automation solution for businesses in the beverage industry.