SyncFab - Blockchain for Hardware Manufacturing Supply Chain

If you are working in a manufacturing business, you will completely agree that supply chain management is a pivotal aspect of it. This activity involves the networks of the buyers and suppliers around the world. To improve the process of the supply chain management, many manufacturers have adapted to the IoT solutions to improve their productivity.

The SyncFab is the short version of the Synchronized Fabrication which was established in 2013 with the main objective to develop the local manufacturing. The company is located in the Silicon Valley. Now they are raising the fund through their unique ICO to develop their existing supply chain management tool. Unlike the other ICO, the fundraising objective is to develop the already existing tool. So, it is not exaggerating to say that it is more real than other ICOs.

SyncFab is the B2B platform which connects the supply chain buyers with the suppliers or manufacturers who can cater to their demands. The brilliant project is made to decrease the costs of the supply chain management as well as increase the productivity amongst the buyers and the manufacturers. Not to mention that this is to help the small, moderate, and medium-sized manufacturers to have the same opportunity to expand their wings and compete with the giant firms.

The supply chain management tool introduced by the SyncFab will help the entire bidding process by using the blockchain technology. The system will help the buyers to meet the suitable manufacturers in no time. Meanwhile, the Ethereum blockchain will bound the users to agree to the smart contracts and make payments to the manufacturers. These activities can be safe and secure for both parties.

The token of SyncFab will be used in the ecosystem and the app. The token will be used by the manufacturers and buyers as the incentive to use the useful and beneficial platform. The token can also be earned by the manufacturers if they contribute well to the ecosystem. For instance, the manufacturers will earn the token from being timely mannered when they produce the quotes.

If the fundraising is successful, the team will then develop the tool and launch the smart contract platform in 2019. This information is according to the roadmap they share on their official page.

When it comes to the proficiency, you can rest assured that this program is real. We’ve double checked the website and their staff. Each member of the project team has the solid LinkedIn profile. We have also checked the white paper they share. You could engage with the project team through their LinkedIn or Facebook page.

If this project really happens, this is going to be a breakthrough in the manufacturing industry. The local manufacturers, small manufacturers, starters, and individuals will be helped a lot with the ecosystem. The buyers won’t meet any difficulty in finding the best manufacturers for them. Not to mention that the transactions are done securely without any third-party intervention.

It is a decentralized and effective system. Its token is MFG Token, which can be a great investment for you.

Consider joining if you are interested with the concept.

Website: https://blockchain.syncfab.com/
Whitepaper: https://blockchain.syncfab.com/SyncFab_MFG_WP.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=2286102.0
Twitter: http://www.twitter.com/syncfab
Telegram: https://t.me/syncfab

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