SyncFab logo
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SyncFab (MFG)

ICO

SyncFab creates a peer-to-peer manufacturing supply chain and incentivized token system adapted for public and private blockchains.

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Overview

Project industryBlockchain Infrastructure
Product typePlatform
FoundedUnited States

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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.

Details

Pre-sales: Nov 15, 2017 - Feb 15, 2018
Public sales: Feb 15, 2018 - Mar 15, 2018
Token supply: 868,459,136 MFG
Total tokens for sale: 300,000,000 MFG
Soft cap: 5,000 ETH
Hard cap: 33,000 ETH
Raised: 3,000,000 USD

Legal

Blockchain Platform: Ethereum
Registration year: 2013
Office address: 120 Estudillo Ave. San Leandro, CA 94577
525 S Hewitt St. Los Angeles, CA 90013

Token info

Ticker: MFG
Type: Cryptocurrency
Token standard: ERC-20
Token price in USD: 1 MFG = 0.12 USD
Accepted currencies: ETH
Bonus program:
15.11.2017: +50%
1.02.2018: +25%
Token distribution:
30% - Token sale
30% - Partnership Adoption Pool
15% - SyncFab
10% - Team, ​Advisors
15% - Smart MFG Tech LTD
Funds allocation:
Token Sale - 30%
Partnerships Pool - 30%
SyncFab (Tech Dev) - 15%
Team & Bounty - 10%
Smart MFG Tech LTD - 15%

Offices on the map

SyncFab Roadmap

1
Q4 2013

SyncFab concept created

2
Q2 2015

SyncFab 1.0 launches Local Product Development Design and Manufacturing Ecosystem

3
Q1 2016

Cities of San Francisco and San Leandro select SyncFab for STIR Civic Technology Partnership Program

4
Q3 2016

White House and DOE add SyncFab into the Clean Energy Smart Manufacturing Innovation Institute (CESMII)

5
Q3 2017

SyncFab 2.0 launches Regional Advanced Manufacturing Parts Procurement Platform

6
Q4 2017

SyncFab MFG Token Presale

7
Q1 2018

SyncFab MFG Token Sale

8
Q2 2018

MFG Token integration into existing platform

9
Q3 2018

Format Buyer Blockchain Smart Contracts

10
Q4 2018

Format Manufacturer Blockchain Smart Contracts

11
2019

Integrate Blockchain Smart Contracts into existing platform

Project team

Jeremy Goodwin
Jeremy Goodwin
Chief Executive Officer
Jeremy Goodwin linkedin
Danielle Smith
Danielle Smith
General Counsel
Danielle Smith linkedin
Jay Ligda
Jay Ligda
Chief Technology Officer
Jay Ligda linkedin
Dennis Delgado
Dennis Delgado
Chief Design Officer
Dennis Delgado linkedin
Ben Gerstein
Ben Gerstein
Head of Marketing
Ben Gerstein linkedin
Ram Maurer
Ram Maurer
Sales Manager
Ram Maurer linkedin
Max Wasilko
Max Wasilko
Procurement Manager
Max Wasilko linkedin
Michael Cuesta
Michael Cuesta
Procurement Manager
Michael Cuesta linkedin
Vinay Munjewar
Vinay Munjewar
Manufacturing Blockchain Manager
Vinay Munjewar linkedin
Srinivas Ratnam
Srinivas Ratnam
Blockchain Developer
Srinivas Ratnam linkedin
Nisha Mane
Nisha Mane
Blockchain Developer
Nisha Mane linkedin
Swapnil Ghorpade
Swapnil Ghorpade
Full Stack Developer

Advisors

Chris Cheng
Chris Cheng
Technical Advisor
Chris Cheng linkedin
Xiaochun Li
Xiaochun Li
Smart Manufacturing Advisor
Xiaochun Li linkedin
Henry Robinson
Henry Robinson
ERP Advisor
Henry Robinson linkedin
Dauod Thompson
Dauod Thompson
Manufacturing Quality Advisor
Dauod Thompson linkedin
Deborah Acosta
Deborah Acosta
Smart City Advisor
Deborah Acosta linkedin
Mike Jones
Mike Jones
Business Advisor
Mike Jones linkedin
Gil Penchina
Gil Penchina
Crypto Advisor
Gil Penchina linkedin
Jeff Berwick
Jeff Berwick
Financial Advisor
Jeff Berwick linkedin
Simon Cocking
Simon Cocking
Marketing Advisor
Simon Cocking linkedin
Mark Crone
Mark Crone
Legal Advisor
Mark Crone linkedin
Andy Tong
Andy Tong
Strategy Advisor
Andy Tong linkedin
Peter Moricz
Peter Moricz
Strategy Advisor
Peter Moricz linkedin
Steven Sprague
Steven Sprague
Technology Advisor
Steven Sprague linkedin
Michael Wong
Michael Wong
Security Advisor
Michael Wong linkedin
Victor Nguyen
Victor Nguyen
Product Advisor
Victor Nguyen linkedin

Social media

SyncFab web-siteSyncFab RedditSyncFab TelegramSyncFab InstagramSyncFab BTCTalkSyncFab LinkedInSyncFab TwitterSyncFab FacebookSyncFab Github

User rating:

5/5 ( 1 )
0

SyncFab rating

9
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