VOY FraK Protocol

VOY Tokenise the Real World. Fractionalise Assets. Unleash Liquidity. Revolutionize RWA's - Together, Further.....

Comment

The Voy Journey: From Inspiration to Innovation

Inspiration

RWAs valued at a staggering $256trn with trade tokenised assets now at $16.1trn and supply chain and trade finance at $25trn with a trade finance gap of $3trn. We at VOY we have thrown down the gauntlet to change the world and target these figures. We focus on tokenising RWA verifiable and transferable docs from originator to validator enabling a new era of movement of on chain RWAs with our initial focus, but not limited to, supply chain finance the banks biggest and best kept secret of low risk high yield lending. But what about truly democratising these assets for smart wealth for all. As CEO of VOY I was inspired to develop a further protocol to enable smaller lenders, much like a crowdfunding effect, securing returns and rewarding participants through democratising wealth accessibility for all. For example post covid, we saw global trade assets stop, farms failed, support packages for countries issued costing $billions, struggling economies, smes failing to support their businesses and the trade finance gap rose to $3trn. This faster funding will unlock new liquidity to trade finance and asset markets, allowing for example, farmers in Kenya, liquidity fast and stakers can become the bankers. The vault stakers earn the funds the banks currently earn.

  • The inefficiencies in traditional financial systems
  • The potential of blockchain technology to revolutionize financial transactions
  • Ability to add ethical, sustainable and ESG practises
  • A desire to make international trade more accessible to small and medium-sized enterprises (SMEs)
  • Liquidity to emerging markets higher value items, baskets and large portfolios
  • Difficulty understanding how to use defi and Web3 wealth management with terrible UX/UI
  • Ever growing amount of chains used
  • Txn costs

Core Innovations issues

I identified key areas where other projects had fallen short:

  • Document Tokenization: Securely digitizing and tokenizing RWA documents for enhanced efficiency and transparency.
  • Asset Tokenization: Converting real-world assets into digital tokens for easier trading and management.
  • Multichain Transaction Visibility and Deployment: Ensuring seamless operations and visibility across multiple blockchain networks.
  • Democratized Fractional Ownership: Opening up new liquidity sources by allowing fractional ownership of assets, thus bridging retail and corporate wealth management.
  • Scaleability and onboarding hurdles
  • Lack of ability to switch between public and permission asset lending
  • Secure, low risk liquidity
  • Poor UX/UI for web3

Core Innovation with VOY FraK as a Solution

  • The solution for fractionalised marketplace and liquidity, easy Web3 and wealth management for all.

These core innovations set VOY apart and addressed critical gaps in the market.

Lessons Learned

Throughout this journey, I've learned:

  • The importance of persistence in the face of technological challenges
  • The value of building a strong, diverse team and the best hard working devs with complementary skills that share your vision to change the world
  • The necessity of educating potential users about the benefits of blockchain-based solutions
  • The critical role of user experience in driving adoption of new financial technologies
  • Keep things simple
  • Build in phases and not too much in each build keeping focused
  • build for interoperability
  • Praise your team for their hard work

Building the Project

The development of VOYs FraK involved several key steps:

  • Conceptualizing the platform and its core features
  • Researching the onboarding process of chains, protocols and collections
  • Developing a robust business model
  • Enabling a new era of UX/UI away from existing non user friendly web3 models
  • Utilising innovation on-chain of ERC-6960 as cor of the FraK protocol

The most crucial step was finding the right development team. After several false starts, we finally assembled a group of talented developers who truly understood the unique challenges of building a blockchain-based trade finance platform.

Challenges Faced

Developing Voy Finance in the emerging fields of crypto, blockchain, and trade finance presented numerous challenges:

Industry Immaturity

  • Lack of established best practices
  • Rapidly evolving technology landscape
  • Time

Adoption Hurdles

  • Skepticism from traditional financial institutions
  • Limited understanding of blockchain technology among potential users
  • Resistance to change in established trade finance processes

Technical Complexities

  • Ensuring interoperability with existing financial systems
  • Making FraK scaleable for multi-chain, low cost and public/private
  • Developing robust security measures to protect sensitive financial data
  • Scaling the platform to handle increasing transaction volumes
  • Lack of innovation and non user friendly UI

Accomplishments we are proud of

We started this FraK build of VOY trade ecosystem 18 days ago so im super proud of my team for pulling this build and submission together so fast.

Whats next for VOY (after we win)

  • Connect FraK to our TizeR RWA tokeniser protocol utilising MLETR compliant ERC-3643 T-REX and TradeTrust for security token asset ownership of verifiable and transferable records
  • Onboarding coinweb layer and other ecosystem partners
  • On chain RWA partners growth
  • Add chains, protocols and collections
  • Grow the SPV or asset class type
  • TVL growth campaign
  • Build VOY DAO for management decisions and as asset manager of the vault lending
  • Enable DvP smart escrow on payments
  • KOL round
  • Community growth
  • Coinlist and Paid Launchpad tokensales
  • VC round
  • CEX Kucoin, MEXC Coinstore, Bybit, Bit2Me and more

Despite these challenges, we remain committed to our vision of revolutionizing the world by digitising and tokenising it from visions like tron in the 80's to current digital worlds metaverse, we believe that this is our global path to supporting ethical and sustainable change and remove inefficiencies and fraud and support visions trade a better world starting with global trade finance through blockchain and Ai technologies. By focusing on document and asset tokenization, multi-chain visibility, and democratized fractional ownership, we're addressing key pain points in the industry and support GDP growth. As the market matures and adoption increases, we're confident that Voy Finance and its protocols will play a pivotal role in shaping the future of RWA's, liquidity, international trade and wealth management for all.

FraK Litepaper link

FraK Demo Walkthrough Video link

VOY Deck link

FraK Deck link

VOY Website link

Please dont be shy, come try our RWA fractional tokeniser and super cool marketplace here link and http://52.214.112.83:3000/login below

Built With

Share this project:

Updates