A decentralized protocol & marketplace for the global logistics industry.
Fr8 Network is a set of decentralized applications designed to connect the freight industry’s fractured value chain by transparently connecting key stakeholders, removing high-cost arbitrage, increasing efficiencies, and re-aligning incentives to deliver increased value to all players.
The blockchain creates true transparency and efficiency in multi-party workflows, which are prevalent in the freight industry. By leveraging blockchain technology to decentralize our offering, Fr8 Network fuels growth and drives efficiency, while redistributing revenue across the value chain, preventing information censorship, and mitigating the industry’s considerable environmental impact.
The Global Logistic Problem:
A single global shipment travels through dozens of legacy systems with no correlating data standards. Each leg of the journey requires its own version of paperwork resulting in growing piles of non-correlated critical data that each party must decipher.
Solution - The Fr8 Protocol:
The Fr8 Protocol defines the four necessary components a shipping, credit, or insurance contract must contain — for any stakeholder in any region. Clear standards enable new efficiencies and capabilities for logistics systems worldwide.
Communication standards create a single source of truth regarding a shipment's location, state, and contents for coordinating multi-party workflows. Documentation standards shift the marketplace away from costly physical paper and into the digital era.
Bitcoin showed the capacity of blockchain technology to transfer value programmatically. The Fr8 Protocol for settlement defines payment terms that are enforceable across the instances of applications built using the Fr8 Protocol.
Regulatory bodies publish embargoes, tariffs, customs requirements, and more at intervals that make it very challenging to remain compliant. Fr8 Protocol enables baking this data into the base level of contracts.
Fr8 Protocol defines how information systems interact with the blockchain requiring different levels of encryption for messages passed to a smart contract.
|Round||Token Price||Bonus||Min / Max Purchase||Soft Cap||Hard Cap|
Public sale —
|0.15 USD||No||-||Uncapped||60,000,000 USD|
Proof of Initial Thesis - Direct carrier negotiation netted an 18% discount overnight, proving we didn’t need brokerages to drive deep savings
1st Carrier Customers Onboarded - (Fr8 National Carrier Network)
1st Shipper Customers Onboarded - (Fr8 National Shipper Network)
Build & Connect the Network Internationally
Ocean Freight Integration