- Exclusive interview. FactR - intelligent blockchain token for logistics leading hyperledger and stellar BASE.INFO team has interviewed Cory Skinner the CEO & Founder of FactR project. Aug 1, 2018
FactR Protocol integrated business platforms will be able to integrate FactR tokens into their ecosystem via peer networks on Hyperledger/secure web services. Users can purchase/earn FactR tokens by performing platform specific incentivized actions and then use these tokens to receive premium services on the platform such as instant freight invoice processing. The app will keep a small number of tokens as payment for services rendered, and allocate the rest toward users performing specific actions that add value to the platform, such as the processing of commercial freight transactions and associated documents. Applications or companies that use the FactR Protocol can provide services that utilize FactR tokens.
When a user wants to use a service, they give some amount of FactR tokens to the application. In this model, some tokens are earned by users (described above), with the rest are directed towards a “user growth pool.”Our mission is to bring decentralized, immutable Blockchain technologies to the logistics and freight industry, advancing and enhancing supply chain transparency and enabling trusted global freight, fleet and logistics transactions management. By doing this, we will drive trust and automation in freight logistics transactions, lowering operations costs and enabling instant finance settlement.We will use a Stellar based token and will integrate to our platform (see below). Token-based transactions will occur using approved partner Crypto Exchanges such as Coinbase.
The FactR Protocol’s core customer value proposition is intended to be the reduction
of the net working capital investment requirements of carriers in the freight logistics
industry, coupled with seamless and trusted transaction automation. FactR Protocol integrated platforms will be able to integrate FactR tokens into their
ecosystem. Users can earn FactR tokens by performing platform specific incentivized
actions and then use these earned tokens to receive premium services on the
platform. The platform/app will keep a defined number of tokens as payment for
services rendered, or a % of the invoice value, and allocate the rest toward users
performing specific actions that add value to the platform (i.e. payment of