SYNCFAB - EMPOWERING MANUFACTURERS

The technological development of the world in recent years is remarkable. Today any business or even small activity involves technology. We all live in a digital era where staying away from technology is impossible. The best example of the advancement in technology is blockchain. The blockchain technology has completely revolutionized the market through its outstanding features. Now Syncfab is planning to facilitate supply management chain of the market by directly connecting hardware manufacturers to the buyers using the blockchain technology. The syncfab is the innovative platform which bridges the gap between manufacturers and buyers by directly connecting them through peer to peer services. It is the B2B platform developed with an aim to create transparency in the marketplace where there would be no middleman. Syncfab stands for synchronized fabrication which leverages the world economy by encouraging the local manufacturing. The size of the blockchain market throughout the world is increased in these recent years and experts believe that till 2021, it will be revolutionary technology on which market will completely depend. More and more companies are planning to introduce blockchain in their system for managing records. So keeping the recent requirements in mind Syncfab is here with a peer to peer manufacturing supply chain based on the blockchain. Let's know more about the project.

PROJECT INSIGHTS

Syncfab is the blockchain based platform empowering manufacturers by directly connecting them to their buyers and was founded in 2013. The platform consists of webs of suppliers and buyers where they can interact easily without any cross-border barriers. Syncfab is the silicon valley based business which will conduct its initial coin offering (ICO) to leverage the existing supply chain management tool based on smart contracts and ethereum blockchain. The platform is all set to rule the future marketplace with its smart manufacturing blockchain system which will conduct peer to peer ecosystem using MFG utility token. The market had great flaws as there was a number of manufacturers who had public or private partnerships at a local, regional or national level which was making the market unfair place. So Syncfab is here to empower buyers and manufacturers both by introducing decentralized platform. The users don't need to worry about the payments as it is the most secure platform where payments will be based on ethereum smart contracts. The platform has its own unique utility tokens for its users which they can use within the platform for easy transactions. Syncfab also rewards the manufacturers, buyers and the users in the form of this tokens. Syncfab is ready to create dynamic future through its outstanding performance.

UNIQUE FEATURES

• Peer to peer manufacturing ecosystem
• Smart contracts for transparent payment
• Decentralised supply chain management
• Rewarding system
• Low transaction fee
• MFG economic model
• Transparent business model

MFG TOKENS AND ITS SALE INFORMATION

The syncfab has its own utility tokens which can use within the platform and they do not provide any type of ownership to the user. These tokens will be useful to conduct easy payments within the platform. The users also get incentivize in the form of these tokens which they can use to access the premium features. For example, if the manufacturer has uploaded the quote in a timely manner without any gaps then he will be rewarded in the form of these tokens even if his bid is unsuccessful. These tokens are available only during its sale. The pre-sale was from 15th November 2017 and the public sale was arranged on 15th January 2018. At last the public ICO will be released which will be opened on 15th February 2018.

PEOPLE BEHIND THE PROJECT

The Syncfab company is privately owned and involves nine individual experts. These nine individual experts have great experience in supply chain management, marketing and many more. The team also includes its six advisors which include angel investors and entrepreneurs like Mike Jones, an angel investor in Dollar Shave Club, and Gil Penchina. The team includes Hikaru Yuki who is the executive director of the project and Jason Tong is the general manager. The Jeremy Goodwin is the Chief Executive Officer and Andy Tong is the Chief Strategy Officer. In 2016 Syncfab joined US Department of Energy Clean Energy Smart Manufacturing Innovation Initiative. The team is the great strength of this project who made such a dream into reality.

CONCLUSION

Syncfab is built with an aim to facilitate the link between buyers and manufacturers by making it more transparent and secure. How will you feel if you get rewards for the business you do? The sybcfab is the only platform which conducts easy transactions worldwide using its utility tokens and also rewards its users for the transaction they do use the platform. The main idea behind the project was to integrate the blockchain technology into supply management chain to make it more easy and decentralized. The Syncfab also participates in the development of clean and smart manufacturing standards which makes this Project worth to look into.

To know more visit:

Website : https://blockchain.syncfab.com/

Whitepaper : https://blockchain.syncfab.com/SyncFab_MFG_WP.pdf

Published By: Kishan748

Btalk profile: https://bitcointalk.org/index.php?action=profile;u=1027561