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Fr8 Network

TBA
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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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SOCIAL ACTIVITY

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TEAM PROOF

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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
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).
Last screenshot taken on 20 Mar 2020
Fr8 Network ICO
Screenshots taken on 16 Mar 2018
Jon Fox
CEO
Takes part in this project only
Sloane Brakeville
CTO
Takes part in this project only
Ling Qing Meng
VP Engineering
Participates in several projects
Shankhri Balaji
Chief Strategist
Takes part in this project only
Yevgeniy Spektor
Lead Engineer
Participates in several projects
Barry Glasco
Senior Enterprise Engineer
Takes part in this project only
Michael Zargham
PHD Mathematician
Participates in several projects
Matt Barlin
MIT Trained Data Scientist
Takes part in this project only
Peter Crane
Business Development
Takes part in this project only
Will Kamensky
Community Management
Takes part in this project only

Advisors (19)

Scott Walker
Partner Distributed Network Advisors (DNA)
Participates in several projects
Dustin Boyer
Partner Distributed Network Advisors (DNA)
Takes part in this project only
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
Takes part in this project only
Adam Helfgott
CEO Madhive
Participates in several projects
Tom Bollich
CTO Madhive
Participates in several projects
Court Coursey
Managing Partner, Tomorrow Ventures
Takes part in this project only
Konstantin Richter
CEO Blockdaemon
Participates in several projects
Alex Lightman
CEO Millennium Energy Corporation
Participates in a number of projects
Matt McGraw
Founding Partner, The Bureau
Participates in several projects
Matt McKibbin
CDO, Decentranet
Takes part in this project only
Ted Moskovitz
Founder, Decentranet
Participates in several projects
Eric Greenberg
Founder, Chairman and CEO Warp Media
Takes part in this project only
Scott Nelson
Chairman & CEO Sweetbridge
Participates in several projects
Mac McGary
President, Sweetbridge
Participates in several projects
Dave Henderson
Co-Founder and CFO Sweetbridge
Participates in several projects
Rebecca Lerner
EVP Madhive
Takes part in this project only
E. David Ellington
Founder Silicon Valley Blockchain Society
Participates in several projects
Amit Pradhan
Managing Partner Jet Ventures
Participates in several projects
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