SKYFchain — Bringing Blockchain to the skies with Incredible Drone Capacity and Flight Time

What is it?

“The SKYFChain Operating Platform will provide a disruptive solution for switching global logistics industries to unmanned systems.” (AKA Drones) As an independent blockchain-based Operating Platform open to all industry participants it will contain critical information for each stage of lifecycle of a cargo robot. The operations and access to clients of SKYF drone will be used to develop and test the SKYFchain. “ — Skyfchain Whitepaper

So what is SKYFchain and how does it work?

Skychain Business Model Infographic — Source: https://www.skyfchain.io/#how-it-works

SKYFchain will match information for market participants (customers) with the execution of smart contracts (aka transactions). Each time a transaction takes place, the platform will collect a small commission. Transactions will be paid in USD but executed in system using SKYFT tokens.

The platform will start by testing SKYF drones then branch out to sea-borne and ground-borne cargo robots as they are released onto the market overtime as technology improves.

SKYF Drones are the world’s first heavy and industrial grade cargo drone. It is capable of a mind boggling 400kg/880lb cargo with a flying range of up to 350km/220 miles.

Why do I care?

These drones are a two fold breakthrough with innovation. The places these drones can go and the things they can do is mind boggling. Lets look at a few scenarios you could potentially use an unmanned air vehicle for with this weight capacity and this range.

You could provide disaster relief after a tsunami, hurricane, or earthquake by airdropping supplies from 100’s of miles away (skies will not be impacted by debris so you can get to places people in these scenarios can’t even get themselves with conventional means. )

You could airlift supplies to areas that are snowed in at high elevations. Supply distribution can get rough in untraveled areas outside of urban sprawl in the dead of winter and this would give people access to goods and services that are badly needed.

You can deliver supplies with almost 50% less operational and labor costs.

Some other use cases at a glance:

• Aerial application of chemicals Forestry

• Oil and Gas Delivery

• Postal Logistics

• Marine/Army Logistics

• Fire Prevention

All about the numbers

The Project Roadmap for SKYFCHAIN is a lengthy one and very ambitious. It extends out to 2025 with the inclusion of ground and sea-borne cargo robots being implemented into the system. My one concern about this project is the variables on the roadmap require technologies not fully operational yet. Long drawbacks and delays could be imminent to seeing the project through on its full scope. Network nodes will be implemented in 2019 with drone sales ramping up in the year 2020. Price action could see parabolic growth in the early 2020's as inclusion of third party drones get implemented onto SKYFchain’s mainnet, but most investors will have trouble waiting that long to see 100x returns. Here’s a look at rough estimates of key metrics for SKYFchain amount of operational drones per year:

Total Supply of SKYFT tokens: 1,200,000,000 Price at ICO: 1 SKYFT = .65 USD  Minimum Purchase = 3000 SKYFT Coin Buy Back: 20% of revenue of first 1000 skyft drones will be reserved with producers to purchase back SKYFT tokens from the market (Similar to Binance quarterly revenue but the tokens are given to the Community Development Fund instead of a coin burn).

Final Thoughts: I think this project is incredible for a long term investment. The use cases of this type of unmanned drone with the specs that it has is mind boggling. I knew we were entering into the era of drones, but I did not realize that such flight distances with such heavy payloads would come so quickly. Blockchain is a perfect use case for Drone technology. The goods and services this technology can provide eliminates a lot of its competitors by simply just doing and going where they simply cannot go. Cutting labor costs and the human element for most parts of this process will certainly save money, and will make hours of operation almost pointless. A drone knows where its going and the geographic layout of its flight path, and should be a safer form of delivery and free up some traffic congestion over time. The real exciting step forward for this process will be the implementation of other 3rd party drones onto the SKYFchain mainnet (really smart idea so you aren’t boxed in if you get outshined in drone production).Still this technology has concerns though.. how much pushback will things like the FAA or government regulations halt its growth cycle? What limitations or delays in technology could interfere with the project’s long and ambituous roadmap? If all goes according to plan this could easily be a 100X coin, but the growth could be slow and sideways through 2018 waiting for mainnet to be launched and getting the partnerships and assembly of drones up to speed.

This is not financial advice in any way, I am not your financial adviser. This is simply a study into this project and the things I learned while breaking it down for myself.

SKYFchain Info:

Website: https://www.skyfchain.io/ Whitepaper: https://fpivc.box.com/v/SKYFchainWhitePaper Telegram: https://t.me/SKYFchain Medium: https://medium.com/@SKYFchain Twitter: https://twitter.com/SKYFchain Facebook: https://www.facebook.com/SKYFchain-2030350540582744/