SyncFab February 21, 2018 – Posted in: Reviews

Smart Manufacturing Blockchain Protocol and DAPP.

SyncFab is the first public B2B smart manufacturing blockchain solution incentivized by the MFG Token for a responsive just in time production supply chain. SyncFab removes the "trust tax" connecting Buyers directly with Hardware Manufacturers to decentralize access to economies of scale production while improving quality control, product lifecycle management and intellectual property protection using smart contract distributed ledger technology.

SyncFab’s proposal to decentralize the procurement process looks to do away with intermediaries, utilising smart contracts to streamline procurement processes. Direct access to manufacturers mean less miscommunication, fewer mistakes and minimal delays.

The platform will list manufacturers’ machining capabilities, and buyers can directly order parts from them. Smart contracts guarantee production standards and payments, while protecting intellectual property.

Its decentralised application (dAPP) built on the Ethereum blockchain will be fueled by the MFG Utility Token, used for quick, secure and cost-effective transactions.

The MFG Token

The MFG Token is a utility token used to reward purchasers and manufacturers, make payments, protect intellectual properties, promote trust and transparency through the execution of smart contracts on the blockchain.

SyncFab’s smart MFG token public presale, which includes a limited-time 25% bonus for purchasers, raises over $1 million.

Founder and CEO of SyncFab, Jeremy Goodwin, commented, “Industrial manufacturing is the next frontier for disruptive technologies to ignite growth and overcome industry shortcomings. The overwhelmingly positive response to our PreSale validates the eagerness for working class manufacturers to embrace our blockchain solutions. We look forward to broadening our offering, boosting utilization rates in small independent machine shops, and enhancing cost savings for large industrial buyers.”

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15 Feb — 15 Mar, 2018

Industry: Manufacturing

TOKEN SALE DETAILS

Token Name MFG
Token Standard ERC20
Accepted Currencies ETH
ICO Dates 15 Feb — 15 Mar, 2018