Blockchain was a priority topic at Davos: «A World Economic Forum survey suggested that 10 percent of global GDP will be stored on blockchain by 2027. Multiple governments have published reports on the potential implications of blockchain, and the past two years alone have seen more than half a million new publications and 3.7 million Google search results for blockchain» - McKinsey.
The adoption of blockchain into companies' architecture has the potential to dramatically reshape the capital markets industry, with a significant impact on the way businesses model themselves, manage risks, save cost and capital. However, the revolution will not happen overnight due to the high barrier to entry into this sector.
The capital expenditure needed to develop workable blockchain solutions is insurmountable for most companies.
The technical knowledge and development expertise needed to build an effective solution is limited and would take too long to implement.
These limitations raise two questions that need to be answered for industry-wide adoption to occur:
How can companies reduce the capital costs of developing a blockchain application?
How can companies reduce the time needed to develop and implement a market-ready version of the technology?
Forward Protocol solves the challenges highlighted above by:
Lowering the barrier to entry across verticals through a B2B approach that connects ideas, companies, and markets with open source, fully customizable, no-code blockchain smart contract tools within Forward Factory to make blockchain adoption seamless.
Forward Factory makes blockchain adoption an unambiguous and straightforward process for organizations. Decide. Deploy. Test. Evaluate. No hidden cost is involved.
Forward Protocol employs an easy-to-use WordPress-like model to facilitate a no-code environment that users can interact with even without technical knowledge.
Forward Protocol provides blockchain toolkits that connect the value-driven economy. The modular architecture and ready-to-deploy fully customizable smart contracts are designed for anyone to adopt blockchain technology, without any risk.
The protocol’s modular design allows any organization to choose the module suited to their platform and modify it to be functional to their use case. Forward Protocol sets the stage for a value-driven economy, while the deploying organizations set the parameters.
The terms of interaction in Forward Protocol are validated and executed by various types of smart contracts. These smart contracts were built to motivate and reward particular outcomes, leverage on-chain data, and cut costs while enabling blockchain operability.
Forward Protocol will be fully decentralized, maintaining independence from any third-party influence.
The Forward Ecosystem
Forward Protocol * Forward Factory * Proof of Ownership (PoO) * Initial Value Offering (IKO) * Proof of Value-Delivered (PoVD) * Proof of Value (PoV) * Distributed Rewards and Revenue Sharing (DRRS) * Forward ID * Forward Pay
Tokens & Staking * FORWARD (Forward Token - Utility) * FUSD (Forward USD - Stable) * Staking & LP Contracts * Governance
Forward Chain * Forward Explorer * Forward Bridge * Multiple Consensus * Forward SDK
Forward Protocol’s smart contracts can be deployed in any EVM-compatible blockchains, both Layer 1 and 2. We are an open ecosystem where any developer can contribute to the Smart Contract Template Library. The smart contract developers will profit from the transaction fees charged on the contracts they develop and deploy. This functionality is similar to the “WordPress plugin directory” with it's own revenue models.
The Forward team will kickstart the process by creating five core smart contracts which we believe cover most of the global value transfer situations. The fees on these contracts will be decided by the DAO governance. The primary purpose of these core smart contracts is to track and incentivize value transfer among participants, ensure transparency and trust, and reward preset outcomes.
Database: No off-chain DB; all data will be on-chain. Platforms that deploy the protocol retain the option to replicate the data off-chain.
Research shows that the value-driven economy is one of the world’s fastest-growing markets across sectors, with estimates projecting expenditures to hit $394 billion by 2027.
The current marketplace is served by traditional centralized markets, many of which are currently exploring blockchain adoption and its capabilities.
There is a plethora of use cases for blockchain as more and more organizations look to how they can implement the technology. With the high barrier to entry into the space, companies face the challenging task of deciding how and which opportunities to pursue. Forward Protocol eliminates this challenge by providing the opportunity to deploy blockchain toolkits and test them without the risk of financial commitment.
The smart contracts are fully customizable and can be tailored to any organization's needs. This flexibility allows us to cooperate and partner with legacy entities rather than compete with them.
- There are two primary revenue streams:
- There will be a percentage of fees charged on all smart contracts deployed from Forward Factory. For example, if someone uses an escrow service with the Proof of Value-Delivered model, Forward Protocol will charge a small fee for every transaction they complete (decided by the DAO).
- Every transaction on the Forward Chain attracts a transaction fee which will be covered with $FORWARD (once Forward Chain is live on the mainnet).
- The $FORWARD token is used as the reward token in the system to encourage and incentivize continued engagement with the protocol. Every platform using Forward Protocol will be giving $FORWARD as rewards which they have to buy from the market to reward their users.
- All smart contracts will first attempt to deduct fees from the integrating platform's pre-purchased token pool, otherwise they will acquire tokens from the open market as necessary to fulfill the transaction.
(Web3 Explained #1) How Forward Fits In
January 26, 2022
Forward Protocol - Proof of Ownership Smart Contract Examples
December 11, 2021
Forward Protocol Disrupts The Blockchain Space
December 20, 2021
ForwardAfterHours SE01E05: Live Session with Co-Founders KEY & Mitch Rankin + Special Guest Mic Mann
January 31, 2022
Go-To-Market Strategy - Whitepaper
- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.
- CoinbaseCoinbase is a digital asset exchange company headquartered in San Francisco, California. It operates exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
- Blockchain and cryptocurrencyTopics related to blockchain and cryptocurrency.
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
- BitcoinBitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009.
- EthereumEthereum is an open-source, public, distributed blockchain computing platform featuring smart contract (scripting) functionality, which facilitates online contractual agreements.
- SolanaSolana is a decentralized blockchain built to enable scalable, user-friendly apps for the world.
- Polkadot (cryptocurrency)Polkadot is a blockchain network built to enable Web3 and decentralized internet.
Vlad Morarucrypto investor
Bohdan LvovHi, my name is Bogdan im from Ukraine.
Oleksii K.Crypto enthusiast
Mikhail MareevInvestor, trader, economist
Bill GonzalezIBM employee
Sergey FominMarketing specialist and translator
Katrina-Kay PettittData Duchess @ Golden