SyncFab (MFG)

What is SyncFab

Through public-private partnerships with manufacturers at the local, regional and national levels, SyncFab’s Smart Manufacturing Blockchain will advance efforts to decentralize manufacturing via a public, peer-to-peer ecosystem, powered by the MFG Utility Token.

By collecting quality data about today’s opaque manufacturing supply chain and making it public, SyncFab’s platform aims to make the supply chain more transparent, efficient, and sustainable.

Blockchain and smart contracts serve as the way forward into the Industrial Revolution 4.0, creating economies of scale and potentially aggregating supply. Decentralized manufacturing will make the industry more accessible, secure and economically sound for more participants in a direct peer-to-peer (P2P) ecosystem.

Silicon Valley-based SyncFab aims to harness technologies and connect with the IoT and the IIoT to provide purchasers and manufacturers with high quality data that would streamline processes along the supply chain.

Connecting purchasers with manufacturers in the IIoT through its business-to-business (B2B) SaaS ecosystem, SyncFab creates a public, peer-to-peer ecosystem whereby purchasers can find companies capable of advanced machining of on-demand precision parts production and engage participants passionate about improving efficiencies in the supply chain. While the government built the Internet (ARPANET), SyncFab believes the IIoT will be built collaboratively, through public-private partnerships (of which SyncFab has formed). Such cross-sector partnerships will collect and combine best practices and share wisdom from multiple perspectives.

Inventors, innovators, and designers enter an interactive, cloud-based portal where a growing network of certified machine shops and advanced manufacturing facilities are mapped by several criteria, such as, who is local and clean.

With SyncFab’s curated and adaptive services, companies attempting to shift their manufacturing processes to high-tech smart factories, and those exploring ways to optimize their “cost-to-serve” process (lowering overhead costs per customer account) can find solutions such as sourcing, tracking and organizing precision parts production and improved procurement systems.

Essential to SyncFab’s Smart Manufacturing Blockchain will be the use of the MFG Utility Token, a first of its kind to incentivize community users to embrace blockchain technology. Core to the blockchain’s adoption is a shared sense of trust between purchasers, developers and manufacturers built on a public and more transparent supply chain system, where small to medium-sized manufacturers can access a blockchain and be a supplier in spaces where they are currently obscured.

With the MFG Token’s launch, SyncFab serves as an early adopter, protocol developer and integrator of Smart Contracts into the manufacturing supply chain blockchain. The MFG Token will be utilized firstly on SyncFab, secondly on SyncFab's soon to be developed Smart Manufacturing Smart Contract Ethereum Blockchain and ultimately adopted by new and emerging partner manufacturing supply chain blockchains using SyncFab's developed blockchain smart contract protocols or their own with the industry's first MFG Token Smart Contract-based incentive mechanism.

The MFG Token will be integrated on the SyncFab platform which has a strong network launchpad built out from public-private partnerships. Though it’s designed to serve a public, peer-to-peer Smart Manufacturing Blockchain, it’s utility is designed to be complementary to third party standalone solutions, such as those future supply chain blockchains which are more inward-looking, private enterprise based supply chain blockchains.