SKYFchain is an ethereum based blockchain platform which aims to switch the logistics industry to unmanned systems (drones/robots). It contains all vital information about the drone’s specifications, manufacturing, testing and operational results, also all financial transactions inside the blockchain will happen via the platform’s smart contract.
Currently the logistics industry runs on manual labour, which takes up 50% of the cost, if they can be replaced by drones this cost can be cut down drastically. But right now the robot industry exists only in the form of studies done by large organizations and it faces hindrance in the form of regulation, expensive insurance and more importantly there is no stable platform for it to expand on a global scale. SKYFchain attempts to solve this problem by aiming to become the first B2R (business-to-robots) blockchain platform through which all information about the unmanned systems (in air, water and ground) can be accessed.
User orders a product or service on the SKYFchain platform through fiat or cryptocurrency, they are exchanged for SKYFT tokens inside the platform automatically and are sent to the smart contract. The smart contract sends the tokens to the service provider wallet after subtracting 1.5% as transaction commission, this commission is split and given in the following ways – 50% to super node holders, 25% to all token holders and the remaining 25% is sent to the community development fund for liquidity purposes.
SKYFT token is an ERC20 utility token, this will be the only currency used for all transactions inside the SKYFchain platform. Total token supply is 1.2 billion and the tokens available during the sale are 528 million (~44% of the total supply). The token sale is divided into 2 stages – presale and crowd sale.
Robot industry is currently in a nascent stage, one major example right now would be the use of drones by Amazon to deliver goods but this is done on a very small scale with plenty of constraints. The use of drones in various sectors – recreational, entertainment, logistics is projected to grow exponentially and with companies looking to cut costs, the need for a feasible platform will arise. SKYFchain aims to be that operating platform through which the drone industry could take off, with no solid competitor in the market, if they can achieve the points stated in the roadmap this project could change the landscape of the logistics industry.
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