Kratos Innovation Labs provides smart contract solutions across industries. Their first product, x-DeFraud detects and prevents fraud by storing all the supporting documents in a trading cycle on a distributed ledger system (Blockchain). With pre-defined algorithms, all the documents flowing in the distributed ledger are x-rayed by x-DeFraud system to prevent fraud. The company is targeting to solve problems in Trade Finance transactions which often involve manual paper (and unstructured electronic) transfers of records (purchase orders, invoices, bills of lading, customs documentation, certificates of authenticity and makeup) that accompany physical goods.