SyncFab SyncFab

SyncFab

SyncFab is a technology company established in 2013 and headquartered in Silicon Valley, with the goal of connecting purchasers with manufacturers through the dynamics and innovations of the IIoT.
ongoing
MAIN TOKEN SALE
Feb 15, 2018 — Mar 15, 2018
Raised 11 000 ETH
Hard cap 33 000 ETH
Prices
  • From Feb 15, 2018 Till Mar 15, 2018 —
    1250 MFG
    =
    1 ETH 1ETH = $837.873
past
PUBLIC PRESALE
Jan 15, 2018 — Feb 14, 2018
Raised 11 000 ETH
Cap 15 000 ETH
Hard cap 33 000 ETH
Prices
  • From Jan 15, 2017 Till Feb 14, 2017 —
    1562 MFG
    =
    1 ETH 1ETH = $837.873
About SyncFab

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 advancedmanufacturing 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.

A recent report found that U.S. companies spent an estimated $20 billion in 2012, and are forecasted to spend approximately $500 billion by 2020 on smart technologies.

In the 2016 Forbes’ Manufacturer Outlook, 32% of companies surveyed said their corporate strategy largely relies on integrated technologies via the IIoT. See Chart: Putting Technology in the Supply Chain.

These forward-looking companies are the customer base for SyncFab’s services.

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.

For example, to compensate for work done on RFQs creates more responses to the just-in-time needs of supply chain purchasers and buyers. Purchase managers cut through trust issues and delays with blockchain’s inherent transparency into cost and quality control.

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.

Features

- Eliminating Middleman. SyncFab aggregates all orders and sends requests directly to manufacturers that match the buyer’s requirements. Buyers can monitor all their parts in production from one place and have the parts delivered directly to their business.

- Promoting Small Businesses. SyncFab develops the technology to promote local manufacturing businesses, provide buyers with easy parts production, streamline the manufacturing process, and incentivize buyers and manufacturers with rewards for their efforts.


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

- Innovating Industry Technology. Decentralized app (DApp) will be the P2P IIoT manufacturing procurement network available to the public. It will eliminate intermediaries and brokers form the manufacturing process and giving everyday innovators and small businesses the power to manufacture.

Technical Info

Technical details:  Ethereum erc20 standard token. The source code:  The code of the product is not available. Proof of developer:  Public team.

Roadmap

  • Quarter 1, 2018

  • MFG Token Generation Event and Distribution
  • Quarter 2, 2018

  • MFG Token Acceptance Integration
  • Quarter 3, 2018

  • Format Ethereum Blockchain Smart Contracts for Purchasers
  • Read More
  • Quarter 4, 2018

  • Format Ethereum Blockchain Smart Contracts for Suppliers
  • Quarter 1, 2019

  • Implement MFG Ethereum Supply Chain Blockchain Smart Contract
  • Quarter 2, 2019

  • Survey Machine Shop Upgrade Requirements
  • Quarter 3, 2019

  • Formulate Upgrade Solution for Machine Shops
  • Quarter 4, 2019

  • Begin Implementing Machine Live Data Feed Upgrade Solution

Activity

Status:
Sr. Member
HIGH
Activity:
406
VERY HIGH
Merit:
250
HIGH
Posts:
328
MEDIUM
Views:
5 240
MEDIUM
Facebook
Posts:
353
HIGH
Followers:
7 548
HIGH
Tweets:
740
VERY HIGH
Members:
10 533
VERY HIGH
Alexa
Rank:
181 473
HIGH
Delta:
-420 820
Year commits:
21
Watchers:
4
Stars:
4
Forks:
0
Open issues:
0

Team

Verified 27%

Attention. There is a risk that unverified members are not actually members of the team

Jeremy Goodwin Chief Executive Officer
unverified
Chief Strategy Officer
unverified
Chief Technology Officer
unverified
Chief Design Officer
unverified
VP Product & Operations
verified
UI/UX Designer
verified
Blockchain Engineer
unverified
Blockchain Developer
verified
Executive Director
unverified
General Manager
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Business Advisor
unverified
VC Crypto Advisor
unverified
Manufacturing Advisor
unverified
Security Advisor
unverified
Product Advisor
unverified

4.07

positive
5.0 14
ICO Profile Vision Activity Potential Product Team

icorating
-
icobench 3.8

Collected:
0 ETH 0 USD
The amount in USD is calculated at the closing date of the ICO
Goal: Cap: ICO: 15 Feb 2018 15 Mar 2018

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

SYNCFAB is a platform which revolutionizes the manufacturing supply chain by connecting the buyers directly to the hardware manufactures through block chain.

PROS:

  • Easy purchases: The platform connects the  purchasers to the manufactures  in the IIOT   through  its Business to Business(B2B) and Saas system hence creating a good peer to peer ecosystem
  • Lower operational costs: The use of the   platform ensures elimination of  contraction of the internal procurement managers and external agents which reduces the overall cost incurred by the manufacturers
  • Transparency: The data regarding the performance record ,quality  and the size of the contracts  made between the purchasers and the manufacturers  is  well kept within the system enabling easy reference and retrieval by the new users
  • Security : The smart  manufacturing block chain n used in the platform  ensures that  the integrity of the platform is upheld as it ensures adequate security to the users information  and preventing any losses associated with hacking or misplacements
  • The MFG token used in the platform promotes faster production  as it gives priority  to the fastest manufactures hence  promoting faster growth
  • The involved team has adequate skills in the management of different projects and  their automation

CONS:

  • Restriction by the local or global laws and regulations
  • The value of the MFG token is easily affected by the non-related events in the digital currency
  • The scrutiny of the MFG token by  governmental institutions

SUGGESTIONS:

  • Generate a platform version that  that is not bound to laws and regulations and can be easily used by any user across the world
  • Link up the MFG token with all the manufacturing related exchanges in the digital currency market
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