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Interview with Doncho Karaivanov COO of the Fabric Token project.
In a nutshell, what is the Fabric Token?
The Fabric Token is a utility token that is purposed to be used as a payment means within the Fabric Token ecosystem – a platform aiming to make blockchain technology and smart contract easily accessible by individuals and businesses.
What is the team’s experience in terms of blockchain applications and development?
Between the founders, we have close to 20 years of experience in the blockchain and crypto world. While we have played around with the blockchain architecture, we didn’t really get into blockchain development until the Ethereum network and its unique smart contracts it introduced into the world. Since then, we have been following the industry closely and in the beginning of 2017, we came up with the idea for the Fabric Token ecosystem. That is our first public blockchain project.
Who is the typical client of the Fabric Token?
The typical client is anyone looking to develop a decentralized application without having to acquire the technical knowledge currently needed to do so. For example, TokenGen, the first component of the FT ecosystem, will target individuals looking to quickly generate safe and secure smart contract for their token and crowdfund. Then there’s DApp Workbench, which is the main component of our platform, which will allow businesses of any size to improve their
intra- and inter-organizational business processes by integrating blockchain technology and smart contracts into their BPM.
Will DApp Workbench have a GUI interface, can non-programmers use it?
Yes and yes. DApp Workbench will come with an intuitive drag-and- drop interface using business process diagrams most companies are already very familiar with.
What are some example applications that can be easily created with the Fabric Token platform?
Obviously, tokens and crowdsales, which will be the specialty of TokenGen. Then there’s almost any imaginable use case for business processes.
Once a DApp is created does it need to pay recurring fees to the TokenGen app or DApp Workbench?
TokenGen is going to use a one-time fee payment model i.e. users will pay in FT once at the end of the smart contract generation process and that’s it. After that, they will have access to their project for life. DApp Workbench on the other hand will follow a subscription-based payment model, which will cater to the different needs of different businesses.
Will the DApps created have a GUI interface themselves?
That is actually something we are considering introducing, but more on that once we fully focus on the development of DApp Workbench.
Will the DApps be compatible with other smart contract enabled blockchains such as EOS?
For now, TokenGen will support only the Ethereum network and the Solidity programming language. Dapp Workbench will also support the ETH network, but it will also provide access to Hyperledger Fabric as it is more business-oriented. As the blockchain industry evolves, we will bring about support for new blockchains if we deem any fit for our platform.
What are token economy templates?
Those are your standard token and crowdfund functionalities i.e. ERC-20 token, Pausable Token, Finalizable Fundraiser, Capped Fundraiser, Refundable Fundraiser, etc. Pretty much any smart contract that is related to a crowdfund falls under this category of templates.
Will the DApps be able to use other decentralised services such as IFPS, Bluzelle DBs, etc?
There should be no issues with that at all, so yes.