The World Of manufacturing Is In Danger!
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Due to the fragile recovery process in the industrialized economies, the pace of world manufacturing has remained relatively low. Significantly weakened growth is expected from developing, and emerging economies as the global economic spectrum are still uncertain. The big players, the United States and Japan are currently dictating the growth meters, but with the increased pressure associated with the financial volatility and falling oil prices have contributed to the overall instability in the large industrialized economies.
In response to this, states have adopted a position towards structural reforms to incentivize the manufacturing industries further. Up until now, a positive 2.2% growth is registered since 2016 thanks to disruptive technologies like 3D printing that aim to democratize the global manufacturing market. But there’s an even more significant development that will disrupt the market on an even grander scale!
The Syncfab Network: bringing blockchain to the table!
Syncfab wants to revolutionize the way we think about manufacturing by connecting product owners directly to the hardware and product manufactures. By building a trustless, decentralized ecosystem, Syncfab will streamline the supply chain processes in a way that will greatly decrease the production costs for all of the involved parties. Nowadays, the intermediaries and supply chain brokers control the access to the large manufacturing corporations.
These middle bridges substantially increase the final price of the product and most of the time do not offer Intellectual Property protection, making it difficult for up and coming innovators to stay relevant in today’s markets.
The market potential is huge!
If we look at the United States manufacturing statistics, they ship roughly 1.4 trillion USD worth of exported goods with the yearly global liquidity of 15 trillion by the end of 2030. Additionally another 20 billion USD is expected to bloom out of the IoT industries (Internet of Things) with a projected 500 billion USD by 2020. Having a platform like SyncFab, at the ground zero of the next industrial revolution will surely spell massive profits for the early investors.
The MFG token: a manufacturing cryptocurrency
Based on the widespread ERC20 infrastructure, the MFG token will facilitate the Smart Contracts feature on the SyncFab ecosystem, thus ensuring a safe and reliable market cycle where all the involved parties will uphold their parts of the contracts. With the help of the MFG token buyers will be able to get cheaper and higher quality goods, sourced directly from the owners. Having a curated network of vetted suppliers, buyers can always be confident that they will get the highest grade possible goods for their invested money.
The manufactures will greatly benefit by using the MFG token as they will receive instant payment for the delivered goods through the safety provided by the distributed ledger system. Using SyncFab will significantly reduce the manufacturers’ cost for marketing as the platform itself will become the standard on the global manufacturing market. A total of 1 billion MFG tokens have been issued, once the token sale has ended, all of the unsold tokens will be destroyed to ensure a fair store of value for all investors!
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