Fr8 Network (Fr8token)

Description:

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.

Category: ❖Business Services
Hype:  
Rating: 5.2/10
Project Type: Blochchain
Platform: Ethereum
Location: USA
Total Supply: 100,000,000
ICO Price: 1 Fr8token = 0.15 USD
Accepting Currency: ETH
KYC: Yes
Whitelist: No

Start Date

May 12th 2019 09:08 UTC

Days Hours Minutes Seconds

End Date

May 12th 2019 09:08 UTC

Days Hours Minutes Seconds

Team

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

Advisers

Scott Walker

Dustin Boyer

Emily Bush

James Regenor

Adam Helfgott

Tom Bollich

Court Coursey

Konstantin Richter

Alex Lightman

Matt McGraw

Matt McKibbin

Ted Moskovitz

Eric Greenberg

Scott Nelson

Mac McGary

Dave Henderson

Rebecca Lerner

E. David Ellington

Amit Pradhan

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