Syncfab And Its Token Sale Offering

Supply chain management is essential for any business that has to do with manufacturing. The process can consist of a network of buyers globally. For this reason, processes might take too long or may just be plain tedious. This could be as a result of miscommunication or unreliable middlemen. Lots of manufacturers have started exploiting IoT options to aid in enhancing their processes. There is one platform which aims to aid manufacturers in process improvement. It is known as SyncFab. But first, what exactly is SyncFab?

What is SyncFab?

SyncFab which is also called Synchronized Fabrication was established in the year 2013 with the goal of urging manufacturing locally. This establishment which Is based in silicon valley is carrying out an ICO or initial coin offering. This is to provide funds for its plans to merge contract technology which is Ethereum based on their supply management tool already in existence.

Additionally, this platform aims to revolutionalize Supply Chain Management as well as Manufacturing through Blockchain technology, Smart Contracts as well as IoT. The service provided by SyncFab consisted of the on-demand production.

The process of procurement is a procedure which is transparent. This method will enable users to manage their available RFQ in one location. Attaining notifications in real time as regards quote is also feasible. Additionally, users can have to track in real time in their processed procedures.

SyncFab Token Sale

This is the pioneer P2P blockchain in the manufacturing supply chain sector. This website uses an MFG powered token which is a kind of utility token. It will become a crucial part of the platform utilized by SyncFab. Users can become a part of the MFG token sale. There would be MFG tokens capped at about 300,000,000 available. 30 percent of this would go to the public market while another 30 percent would be forwarded to the community pool. Additionally, 10 percent would be for the founders while 15 percent would be for SyncFab. Lastly, the remaining 15percent would be forwarded to smart MFG tech LTD.

The SyncFab team

As stated on the website, the SyncFab ICO team consists of 9 individuals. They have experience in engineering, Supply chain management as well as marketing. Additionally, there are six investors stated consisting of Gil Penchina who used to be an initial investor in PayPal, entrepreneur Mike Jones as well as Dollar Shave Club angel Investor.

Jeremy Goodwin is the current CEO of SyncFab. He works alongside the Chief Strategy officer known as Andy Wong. Also included is the CTO jay Ligda. Their Design department is led by Dennis Delgado who is the Chief design officer. Victor Nguyn the VP product and operations oversees procurement while the marketing department is overseen by Ben Gerstein who is the VP marketing.

Conclusion

Managing supply chains is not exactly straightforward. If you want to learn more about how SyncFab aids to correct the problems faced by both manufacturers and buyers. Visit the SyncFab website:https://blockchain.syncfab.com/team for additional information: Telegram, ANN Thread, BOUNTY Thread

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