Technology today has changed the global landscape of how we live and do business and today we have seen the emerging of the blockchain which is set to disrupt several existing industries to help restore transparency, accountability and cut down on running costs. In this article, we shall take a brief review of SyncFab a startup venturing into the distruption of the Manufacturing Supply Chain using the blockchain.
SyncFab MFG is a Decentralized Smart Manufacturing blockchain project that's creating the world’s first peer-to-peer(p2p) manufacturing supply chain and will introduce an incentivized token system adapted for public and private blockchains! SyncFab having being in this business since 2013 believes the solution to some of the bottlenecks in the Manufacturing Supply Chain is by the use of the Blockchain Solution that will Eliminate
middle men, utilize a Smart Contract system for the procurement process, cut down on wasted labour-hours which might be caused by miscommunication which could lead to manufacturing mistakes/delays
As you know by now one of the biggest problems of the manufacturing industry is the lack of a collaborative innovation between manufacturers and buyers which is were SyncFab comes in to bridge this gap. SyncFab with its innovative ecosystem will be used to link buyers directly to hardware manufacturers to help stimulate trade and improve their relationship, with this kind of setup both parties in this circle that is the manufacturers and buyers get to benefit from this supply chain and some of the benefits can be seen below:
Benefits to Hardware Innovators
-Cheaper and high quality quotes from the source
-On-demand purchasing, tracking, & reordering
-Connect with a network of local vetted manufacturers
-Secure transactions and communications through smart contracts
Benefits to Hardware Manufacturers
-Guaranteed payments through smart contracts
-Complete control of your pricing & capabilities
-Less headaches of overhead and processes to focus on producing the best quality products
-Eliminate marketing costs by having buyers directly connect to your manufacturing facility
We all know the crazy markups that these middlemen come up with that make getting these products so expensive and am pretty sure somewhere along the way we have had an encounter with them but thanks to SyncFabs distruptive blockchain solution this means we shall be getting quality products, reduced costs and a better relationship between manufacturers and buyers.
To learn more about SyncFab MFG visit https://blockchain.syncfab.com/ and join the chat on Telegram to learn more about the project. Remember to take time to read the WhitePaper and visit other channels available, for anything else in connection with the project visit the links below.
► Website : https://blockchain.syncfab.com/
► Whitepaper : https://blockchain.syncfab.com/SyncFab_MFG_WP.pdf
► Facebook : https://www.facebook.com/syncfab
► Twitter : https://twitter.com/syncfab
► Telegram : https://t.me/syncfab
► Medium : https://medium.com/syncfab
► Bitcointalk Announcement : https://bitcointalk.org/index.php?topic=2286102.0
Author: crypto1010
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=923186
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Disclaimer: This article is for educational purposes only and does not provide any form of financial or investment advice. The reader is aware that there are always risks involved in dealing with any blockchain and cryptocurrency assets, my advice do your due diligence before investing in these crypto projects.
