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.
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Rating Insights
The Fabric Token ecosystem aims to allow users and businesses to adopt blockchain technology and smart contracts, and will consist of four main components:
The first component 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 platform used to generate smart contracts for the token economy.
The third is DApp Workbench — a solution for businesses looking to integrate blockchain technology and smart contracts into their business process management.
The last component is the Fabric Store, a decentralized marketplace for smart contract components, which aims to allow third-party developers to further expand the functionality scope of the Fabric Token ecosystem.
Major Competition: NEO and NEM blockchain projects. Potential Advantages to Competition: Little to none.
Product
The product is far from ready, there is very little action on the GitHub repo and the main focus of the team at the current status is to write a smart contract for an ICO. The heart of the project will not be developed until after the ICO and a public beta will not be released for several months. The product has appeal and a decent target user base given that even those familiar with programming must learn solidity from scratch to develop smart contracts on the Ethereum network, therefore being able to write programs without technical experience will help streamline smart contract adoption. However there is extremely stiff competition given this is the same end goal of the NEO and NEM projects which are very successful already.