SyncFab – Blockchain for Hardware Manufacturing Supply Chain

INTRODUCING

Introducing to you a first manufacturing industry using a peer-to-peer network and a decentralized blockchain system, which will supply customized and adapted chain and incentivized token systems adapted for public and private blockchains. Using public-private partnerships, with manufacturing at the local, regional and national levels, we will create an industry platform called SyncFab’s Smart Manufacturing Blockchain, which will run a fully decentralized manufacturing system through a public peer-to-peer ecosystem, powered by Token MFG Utility.

Getting Started Development

The technology of the manufacturing industry is now highly significant, with the development of robotics, sensors, large data, artificial intelligence, and augmented reality systems, successfully connecting digital and physical manufacturing technologies through robust and reliable networks. We will revolutionize the manufacturing system, by utilizing the blockchain technology and systems we designed, with that, our platform will enable the creation of a public peer-to-peer ecosystem which will allow users to find companies capable of implementing precision on-demand production machines high. We will shift the manufacturing process to a high-tech smart factory with a highly optimized system process, so users will get a lower cost of service charges, and users can find solutions such as sourcing, tracking and organizing precision parts of production and better procurement systems.

The difficult economic situation of recent years has led to the fact that car owners are forced to save on everything, including the repair and maintenance iron horse. Because service-maintenance rarely offer significant discounts, motorists are looking for ways to buy parts cheaper.

The market reacted to the demand by the emergence of low-quality consumables and spare parts for cars of all brands. The attackers put on the packaging logos of famous brands that can lead buyers astray — they believe that just this seller is not as greedy as others and therefore sells items at half the price.

But to fix this important issue is possible thanks to smart contracts, blockchain technology and project SyncFab.

Platform SyncFab represent the ecosystem in which the main persons are direct manufacturers of various parts, equipment, machinery and users of these products. This includes such concept as the Internet of things, which is developing rapidly. Customers directly will be able to absolutely complete information and data about any detail: how does it manufacture, what quality, by whom made, all the technical specifications and if desired, he can order the product with the properties that he needs.

That is, each participant in this platform will benefit from its use. Sometimes it's hard sometimes to find the equipment or part with a defined size, here is a very large range and the ability to request under their whims so to speak.

Such benefits will only encourage both producers and buyers will increase demand, convenient location on the same site and all operations will be carried out using the token MFG, which was developed based on blockchain technology. So even the money transfers are safe thanks to smart contracts, confidential and fast transactions with low commissions without any intermediaries like banks or payment system.

This ecosystem will allow many businesses to optimize production processes, reduce the amount of money on advertising, finding buyers, improve sales system. Already most companies understand that the future for smart technology and start spending a lot of money on their implementation and the development of their plans. Only in 2020 will spend around half a trillion dollars for this purpose.

In conclusion

SyncFab envisions a vibrant ecosystem of buyers, manufacturers, suppliers and logistics service providers actively buying, selling and ordering manufacturing-related services within a decentralized smart-contract blockchain system. We believe that blockchain technology is the most important part of it, and we believe with the experience that we already have, we can build a platform that is safer and better than similar platforms.