The New Revolution in Blockchain Development: Fabric Token

Aayush Jindal

4 years ago

3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The use of blockchain technology is increasing rapidly across industries. Thanks to the cryptocurrency technology’s ability to create an efficient, secure and fool-proof system with room for automation. However, a glimpse at the entire ecosystem and the adoption rate, one can easily spot the challenges that are currently being faced by various organizations when it comes to development and implementation of decentralized ledger and its associated smart contracts capabilities into their operations and processes.

One of the main challenge being lack of expertise in the development of blockchain-based applications, which are better known as decentralized applications or DApps. There are only a handful of developers, who are proficient in the technology and given the demand, they tend to charge a lot for their services. At present, only large companies with deep pockets can afford such services, leaving small and medium enterprises and individuals behind. Even if someone is willing to learn and build DApps, the existing development environments are so cumbersome to use, that they end up being more confused than succeeding in their mission.

At the time when the blockchain and decentralized applications are becoming the next step in the technology evolution, it is imperative for the creators of blockchain protocols and ecosystems to provide user-friendly and easy to understand solutions which can be adopted by anyone, irrespective of their technical background. Such solutions are already available for legacy platforms, but not in the blockchain environment, at least until now.

Fabric Token (FT), a blockchain project has recognized the need for such easy to use solution to make decentralized applications available to everyone. In order to make it a reality, they have come up with an ecosystem which makes building DApps from scratch a walk in the park. The platform makes use of a tried and tested approach in the cryptocurrency sphere to create a DApps development environment with easy to use interfaces, with which individuals can create their own smart contracts and applications over blockchain.

In simple words, the Fabric Token platform offers a solution which is akin to WYSIWYG development tools that make building websites as easy as dragging and dropping various elements. However, the functions of the Fabric Token ecosystem are much more complicated than that as it is designed to enable users to create full-fledged DApps in a simple way, while providing an option to further customize the underlying smart contracts to suit their needs. In order to make it a reality and build an entire ecosystem around it, the Fabric Token will be sold in a crowdsale, set to begin on February 15th, 2018.

By the way of offering such a solution, the FT project aims to drive widespread blockchain adoption as Fabric Token is designed not just to accommodate complex systems but also the simplest ones that are used by everyone, every day.

The holistic Fabric Token system is composed of 4 major parts, which include TokenGen – a simple web application for smart contract generation, which can be readily used to create custom tokens and crowdsale code to run an ICO. TokenGen is supplemented by DApp Workbench, which provides the environment for businesses of any size to easily create decentralized applications without the inherent need for programming knowledge.

Now, what is the use of creating a DApp if it can’t be put to use? The BPMN compatibility of DApp Workbench allows the creators of smart contracts to readily incorporate them into existing Business Process Models and BMPN compatible tools to introduce blockchain into regular business operations.

These solutions are fueled by the platform’s own Fabric Token which acts as a medium of value exchange against services within the ecosystem. The value of Fabric Tokens will be tied directly to the overall performance and growth of the Fabric Token ecosystem, rather than other factors that are known to influence other cryptocurrencies in the market. Meanwhile, the Fabric Store enables monetization of products and services built over the platform by providing a place to buy and sell smart contract components, DApps and more against FT cryptocurrency.

Once the Fabric Token ecosystem is fully functional, it is expected to drive blockchain adoption to new levels. Those who are interested to play a role in the inevitable blockchain revolution can do so by taking part in the upcoming crowdsale.

More information about the Fabric Token project is available at – https://fabrictoken.io/

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.