Syncfab


Welcome back to my next article. on this occasion I will discuss about Syncfab, surely you are wondering what is Syncfab. I will explain below.

Blockchain and smart contracts serve as a way forward to Industrial Revolution 4.0, creating economies of scale and potentially combining supplies. Decentralized manufacturing will make the industry more accessible, safe and economical for more participants in the immediate peer-to-peer (P2P) ecosystem.

Silicon Valley-based SyncFab aims to leverage technology and connect with IoT and IIoT to provide buyers and manufacturers with high-quality data that will streamline processes along the supply chain. Linking buyers with manufacturers in IIoT through the business-to-business SaaS (B2B) ecosystem, SyncFab creates a public peer-to-peer ecosystem where buyers can find companies capable of precision machining on precision production parts on demand and involve participants eager to improve efficiency in the supply chain. While the government is building the Internet (ARPANET), SyncFab believes that IIoT will be built collaboratively, through public-private partnerships (which SyncFab has formed). This cross-sectoral collaboration will collect and combine best practices and share wisdom from Multiple perspectives.Official website https://blockchain.syncfab.com/

The SYNCFAB MFG platform is designed to continue to address current issues and challenges faced by small and medium enterprises that operate in inaccessible supply chains and manufacturers, and expand their cross-sectoral networks and encourage cooperation to meet global production needs.


More Streamlining Procurement and Transactions in the SyncFab Feature
With sufficient funding, SyncFab plans more advanced Smart Contracts features to record and validate procurement transactions in Smart Manufacturing Blockchain, the process will reduce delays in payments.


Benefits to Hardware Innovators
  • Cheap and high quality quote from source
  • Purchase, tracking, & rearrangement on demand
  • Connect with a local vetted manufacturer network
  • Secure transactions and communications through smart contract
Benefits for Hardware Manufacturers
  • Eliminate marketing costs by asking buyers to connect directly to your manufacturing facility
  • Secured payment through smart contract
  • Complete control of your prices & abilities
  • Less headache overhead and process to focus on producing the highest quality products
MFG Token Powered Supply ChainThe MFG Token is a utility token used on the SyncFab platform to reward buyers and producers, make payments, protect intellectual property, promote trust and transparency through the execution of smart contracts in blockades
  • Create a unique offer auction to incentivize producers to get faster quotes with MFG
  • MFG loyalty awards can be offered for a consistent refund
  • Buyer qualifies through prior MFG token commitments
  • Manufacturers may provide discounts at prices quoted with the MFG token
ROADMAP


Eth address : 0xa886F31d706CC107eF112D5A648820eBe075d104























































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