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Fr8 Network

UPCOMING 280 views
7.2
Total Rate

The $700B US trucking industry is the backbone of American commerce with 80% of all cargo transported overland by trucks, yet it is plagued with inefficiency and ultimately controlled by a bloated intermediary brokerage system whose incentives are not aligned with the true stakeholders. Imagine forming a blockchain platform bringing together shippers, carriers, truckers and brokers where they can place and track orders, assess performance records, compare pricing and extend credit. Add in a set of decentralized applications (DApps) linking up these stakeholders--and a new digital token speeding their transactions--and you could cut billions of dollars in inefficiencies from the $700 billion-dollar-a-year trucking industry. That is the vision of Fr8 Network, a newly formed upstart that aims to take the pain out of shipping by targeting, in particular, the $66 billion a year in fees exacted by some 16,000 middleman brokerages. Some key points: · Potential savings are huge. Trucks travel an astounding 29.6 billion miles every year only partially loaded or entirely empty--a waste of capacity even as businesses struggle with a shortage of drivers. · Cut that unused capacity in half, and we could save $30 billion a year in fuel costs and reduce carbon emissions from trucks by 100 million tons per year, 20% of their total carbon output. · By matching customers to and carriers online, the industry could sidestep broker fees that pose up to 20% of the cost of shipping goods; cut fees in half and the industry saves some $30 billion.
General
Website: Visit
White paper: Read
Whitelist/KYC: Kyc
Country: USA
Token Info
Ticker: Fr8token
Platform: Ethereum
Token type: ERC20
Available for sale: 100,000,000 Fr8token
Financial
ICO Price: 1 Fr8token = 0.15 USD
Accepting: ETH
Social Media
  • 1

    May, 2017

    Project initiated.

  • 2

    July, 2017

    Proof of Initial Thesis - Direct carrier negotiation netted an 18% discount overnight, proving we didn’t need brokerages to drive deep savings.

  • 3

    August, 2017

    1st Carrier Customers Onboarded - (Fr8 National Carrier Network). 8 regional carriers (complete lower 48 coverage). 500 independent carriers.

  • 4

    September, 2017

    1st Shipper Customers Onboarded - (Fr8 National Shipper Network). Lewisco Holdings commits to ship $5m through Fr8 Market.

  • 5

    Q1, 2018

    Blockdaemon Partnership announced. Fr8 Fair Trade Consortium Launch. MVP Launch.

  • 6

    Q2, 2018

    Development Begins on Added Value Products & Services. Fr8 Market Expansion (USA only).

Jon Fox

CEO

Sloane Brakeville

CTO

Ling Qing Meng

VP Engineering

Shankhri Balaji

Chief Strategist

Yevgeniy Spektor

Lead Engineer

Barry Glasco

Senior Enterprise Engineer

Michael Zargham

PHD Mathematician

Matt Barlin

MIT Trained Data Scientist

Peter Crane

Business Development

Will Kamensky

Community Management

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