SyncFab was founded in 2013, after Jeremy Goodwin spent 4 years as the CFO of a Chinese manufacturing company, where he gained deep insights into the problems of manufacturing industry and supply chain management.Jeremy describes SyncFab as a peer-to-peer, Industrial Internet of Things (IIoT) manufacturing blockchain. He explains the current problems that small hardware manufacturers in particular face when trying to reach their buyers, and gives a detailed overview of a simplified process that this new platform aims for. SyncFab (Synchronized Fabrication) proposes ways to eliminate intermediaries and marketing costs by using blockchain to directly connect buyers with hardware manufacturers. The platform should speed up ordering and improve production tracking and pricing, and create new income streams for working class and blue collar workers.Jeremy also introduces the team and explains how people who don’t have any experience in manufacturing industry can benefit from this platform. SyncFab has already established a number of private-public partnerships on a local and federal level to help innovate the automotive, aerospace and defense industry. They are looking to raise a total of $30M USD.
MFG Token is designed to incentivize sellers to speed up the sending of quotes and executing orders, and buyers to answer faster to a vendor’s bid or place another order in a preset timeframe. SyncFab has launched the MFG Token public sale on February 15, which will run until March 15 2018 or until the hard cap is reached.
Original source: http://cryptoradio.io/jeremy-goodwin-syncfab/
