Fr8 Network

Fr8 Network

TBA
17,958 Views
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.
7.1
TOTAL SCORE
5.8
ICO PROFILE

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General
Website: Visit
White paper: Read
Dates: TBA
Whitelist/KYC: KYC
Country: USA
Token info
Ticker: Fr8token
Platform: Ethereum
Token Type: ERC20
Available for sale: 100,000,000 Fr8token (10%)
Financial
Raised $ 1,213,222
ICO Price: 1 Fr8token = 0.15 USD
Accepting: ETH
May, 2017
Project initiated.
July, 2017
Proof of Initial Thesis - Direct carrier negotiation netted an 18% discount overnight, proving we didn’t need brokerages to drive deep savings.
August, 2017
1st Carrier Customers Onboarded - (Fr8 National Carrier Network). 8 regional carriers (complete lower 48 coverage). 500 independent carriers.
September, 2017
1st Shipper Customers Onboarded - (Fr8 National Shipper Network). Lewisco Holdings commits to ship $5m through Fr8 Market.
Q1, 2018
Blockdaemon Partnership announced. Fr8 Fair Trade Consortium Launch. MVP Launch.
Q2, 2018
Development Begins on Added Value Products & Services. Fr8 Market Expansion (USA only).
Screenshots taken on 16 Mar 2018
Jon Fox
CEO
Participates in a number of projects
Sloane Brakeville
CTO
Participates in a number of projects
Ling Qing Meng
VP Engineering
Participates in a number of projects
Shankhri Balaji
Chief Strategist
Participates in a number of projects
Yevgeniy Spektor
Lead Engineer
Participates in a number of projects
Barry Glasco
Senior Enterprise Engineer
Participates in a number of projects
Michael Zargham
PHD Mathematician
Participates in a number of projects
Matt Barlin
MIT Trained Data Scientist
Participates in a number of projects
Peter Crane
Business Development
Participates in a number of projects
Will Kamensky
Community Management
Participates in a number of projects

Advisors (19)

Scott Walker
Partner Distributed Network Advisors (DNA)
Participates in a number of projects
Dustin Boyer
Partner Distributed Network Advisors (DNA)
Participates in a number of projects
Emily Bush
Partner Distributed Network Advisors (DNA)
No participating data
James Regenor
Deputy Executive Secretary National Security Council Executive Office of the President for Bush and Obama Administrations
Participates in a number of projects
Adam Helfgott
CEO Madhive
Participates in a number of projects
Tom Bollich
CTO Madhive
Participates in a number of projects
Court Coursey
Managing Partner, Tomorrow Ventures
Participates in a number of projects
Konstantin Richter
CEO Blockdaemon
Participates in a number of projects
Alex Lightman
CEO Millennium Energy Corporation
Participates in a number of projects
Matt McGraw
Founding Partner, The Bureau
Participates in a number of projects
Matt McKibbin
CDO, Decentranet
Participates in a number of projects
Ted Moskovitz
Founder, Decentranet
Participates in a number of projects
Eric Greenberg
Founder, Chairman and CEO Warp Media
Participates in a number of projects
Scott Nelson
Chairman & CEO Sweetbridge
Participates in a number of projects
Mac McGary
President, Sweetbridge
Participates in a number of projects
Dave Henderson
Co-Founder and CFO Sweetbridge
Participates in a number of projects
Rebecca Lerner
EVP Madhive
Participates in a number of projects
E. David Ellington
Founder Silicon Valley Blockchain Society
Participates in a number of projects
Amit Pradhan
Managing Partner Jet Ventures
Participates in a number of projects
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