SyncFab

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

Summary

For users wanting a better way to obtain goods from manufacturers, SyncFab might be a great option. Not only does it’s network create faster orders, but also MFG tokens are used to reward both buyers and sellers. It’s an ICO that will take time, but it might show some promise once its products are fully released.

Positives
Dedicated Team: With over 10 members, SyncFab has a team filled with individuals who are passionate about the project’s future development.
Silicon Valley Project: Since its developed in one of the most prevalent tech locations in the world, SyncFab is a reliable ICO that’s backed by high-end technology.
IoT and Blockchain: SyncFab infuses both forms of technology to create a decentralized platform where both buyer and manufacturer can benefit from working with each other anonymously.

Negatives
Worldwide Reception: While SyncFab was founded in the US, we wonder how it’s going to expand to countries within the European and Asian regions.
Lack of Milestones: SyncFab doesn’t display its milestones on its website, making it hard for new users to notice the long-term appeal of it.
Dispute Resolution: Even though it has smart contracts for payments, how does SyncFab assist in resolving conflicts between manufacturers and buyers?

This is a project managed by a team who are demonstrating a first-rate ability to cover all of the angles. When we cover any ICO at ICOExaminer, in almost every case we find ourselves having to chase the project team to explain gaps in the information they either present on the website or the white-paper.

With this project, however, pretty much all of the information we went looking for was available to hand. There were none of the usual frustrations of having to track down simple contact details, getting our hands on something as basic as the project logo or finding out where the project is domiciled.

It was all presented upfront by a team with the foresight to see that these might be required for a token sale. Under general circumstances, that may not sound impressive – but when you have liaised with innumerable project teams like we have, it gives off the very strong impression that communication, due diligence and transparency are the key strengths of the team that will be driving this project.