THE FABRIC TOKEN - High-Level Development & Management of Smart Con...

Blockchain technology, currently the underlying architecture of most cryptocurrencies, allows the automatic processing of online operations in a decentralized non-mediated manner via smart contracts. On the grand scale, smart contracts can easily and phenomenally improve the current efficiency of online relationships in terms of speed, security, and cost, while also reducing complexity. However, adopting blockchain technology and smart contracts is currently a challenging task due to several integral problems, namely comprehensibility, resource allocation, and smart contract development, among others. The solution proposed herein is the Fabric Token ecosystem, which will allow users and businesses to easily adopt blockchain technology and smart contracts and will consist of four main components. The first component we propose is the Fabric Token itself, which will be used as a functional utility to pay for products and services within the ecosystem. The second is TokenGen, a user-friendly platform used to generate smart contracts for the token economy. The third is DApp Workbench – an all-in-one solution for businesses looking to integrate blockchain technology and smart contracts into their business process management. The last component will be the Fabric Store, a decentralized marketplace for smart contract components, which will allow third-party developers to further expand the functionality scope of the Fabric Token ecosystem. We see Fabric Token and its associated technologies as a fundamental part of the future mainstream adoption of blockchain and smart contracts, ultimately allowing people of any means and any background to play their part in building a decentralized world.

The Fabric Token (FT) ecosystem aims to empower individuals and businesses with easy access to blockchain technology and smart contracts by providing a bundle of user-friendly software. The products within the FT ecosystem will focus primarily on helping people of any background to create and deploy their decentralized application (DApp), without the specialized computer programming knowledge that they would usually need.

As we show in the White Paper, blockchain technology and smart contracts can have a drastic impact on industries as varied as finance, food delivery and government. To this end and to solve the problems listed below, we present the Fabric Token ecosystem.

The Fabric Token ecosystem will empower individuals and businesses with easy access to blockchain technology and smart contracts thus allowing virtually anyone to participate, in one way or another, in building a decentralized and trustworthy world.

The Advantages

The payment utility within the FT ecosystem.

One of the fundamental parts of the FT ecosystem will be the Fabric Token itself. It will be used as a utility to pay for products and services within the platform. For example, if someone wants to generate token and fundraiser smart contracts for their project, they will have to, in the end, pay a small fee in Fabric Tokens in order to get access to their code.

Additionally, the Fabric Token is going to be used as a digital asset which will be exchanged between third-party developers and users on the Fabric Store. The main idea behind Fabric Token is that, unlike the more popular cryptocurrencies, its value will depend solely on the FT ecosystem’s performance and growth, rather than on other external factors.

Fabric Store
A decentralized marketplace for smart contract components.

The Fabric Store will allow third-party developers to earn tokens and build their reputation by complementing TokenGen and DApp Workbench with their custom-built software components. Strictly digital in nature, it will provide a lucrative opportunity for talented programmers, while helping the FT ecosystem expand and provide even more possibilities for businesses and individuals.

The marketplace will embrace the decentralized and immutable nature of the blockchain by storing its data on it, guaranteeing fair product reviews that cannot be tampered with, and protecting sellers from chargeback fraud, a common issue in traditional online stores.

TokenGen
A simple web application for smart contract generation.

TokenGen will allow users to generate smart contracts for their token and fundraiser by going through a simple step-by-step process – selecting token and fundraiser functionality, filling out details such as token name and symbol, paying in FT, before finally getting the fully tested and secure smart contract code as specified by the user.

The smart contracts generated by TokenGen will be fully editable in case users need to add custom functionality. TokenGen also provides in-depth documentation on all smart contract templates, including a guide that comes with the code, making it easy, if needed, to edit something at a later point.

DApp Workbench
The business application platform for incorporating smart contracts and blockchain into BPM.

DApp Workbench will help organizations develop smart contracts through business process modeling. The application features a drag-and-drop interface, which will make use of the BPMN 2.0 standard, enabling the import and reuse of diagrams created using other BPMN-compatible tools.

A subset of the BPMN specification and pre-defined smart contract components will allow the creation of fully automated workflows for various blockchain technologies, including, but not limited to, Ethereum and Hyperledger Fabric. DApp Workbench will enable all the steps of development of automated business processes starting from design, compilation and testing through deployment, monitoring and decommission of workflows on the blockchain.

DESCRIPTION TOKEN
Symbol: FT
Name: Token
Token Token Type:
ERC-20 Platform: Ethics
Number of tokens: 100 million FT
Available for purchase: 80 million FT
Maximum target: 22.829
ETH Token Price: 1 ETH = 2,700 FT
Purchase Method: ETH
Starts on January 15, 2018 and ends on February 29, 2018

Token Distribution
80% will be available for sale to the general public.
12% will go into the Fabric Token core team and will be released after 12 months.
7% will be allocated to the advisor and released after 6 months.
1% will be used for bounty program.

ROAD MAP

september 2017
Getting Started in TokenGen Development
Current UI and beta functions, which feature a total of 6 smart contract templates that extend the token function and fundraiser base, are both fully operational. This tool will be available to the user once the Fabric Token launch is complete.

Oct, 2017
Getting Started in DApp Workbench
Extensively test and ultimately determine software architecture, technology stack, supported blockchain, and modeling notation for BPM.

Feb, 2018
TokenGen 1.0
Includes fully-functional web apps for token intelligent contract making and fundraiser.

Apr, 2018
TokenGen 2.0
Additional additional contract templates are added for token and fundraiser functions.

Jul, 2018
DApp Workbench Public Beta
Includes a fully functional DApp Workbench desktop application as well as a cloud with a limited set of contract smart components, which will be defined and published before beta launch.

september 2018
DApp Workbench 1.0
Expand the beta version of the software by significantly expanding the intelligent contract components provided by DApp Workbench.

Oct, 2018
Cloth Shop Development Starts
The initial code for the project intelligent contract is written, optimized, tested, audited, and then deployed. Furthermore, UI works with smart contracts developed.

Dec, 2018
General Beta Cloth Shop
Some functional UIs connected to smart contracts from the Fabric Store are open to the public for testing purposes.

Feb, 2019
Fabric Shop 1.0
A fully decentralized market operating for intelligent contract components is launched in general to enable third-party developers to further improve the performance of our vanilla projects and expand the adoption of the Fabric Token ecosystem.

2019+
Fixed Token Token Ecosystem further
Further improvements to Token Token ecosystems primarily focus on expanding the range of functionality covered by intelligent contract components that make the product accessible to a growing group of users and businesses.

Team