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SyncFab : Blockchain For The Manufacturing Supply Chain

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About SyncFab

SyncFab is a Silicon Valley based Decentralized Manufacturing Platform revolutionizing Manufacturing & Supply Chain Management through IoT, Smart Contracts & Blockchain technology. The service offered by SyncFab included the on-demand production. The sources are from growing network involving the process done by vetted machine by the region. The procurement process is also in transparent procedure. This way will allow any user to manage his or her RFQ only in one place. Getting real time notifications regarding all quotes is also possible. Besides that, user can also have the real time tracking in many of his or her processed procedure. Some of them include the production process, the instant update, as well as the digital quality assurance of the inspection reports.

About token sale distribution

It is the first P2P blockchain in the field of manufacturing supply chain. The token economy using by this website is powered by MFG. For your information, MFG token is a type of utility token. It will become the main part of the platform using by Syncfab, as well as on the environment of operating colleague manufacturing supply chain administration. User can enjoy the MFG token sale starting from October 16, 2017. Approximately, there will be around 300,000,000 MFG token available. The 30% is for community pool, another 30% is for public market, 10% for founders, 15% for syncfab, while the rest 15% is for smart MFG tech LTD.

Thought about the project

31% of businesses today cite finding the right manufacturing supplier as being a problematic issue.

– The current technologies and processes are outdated. Inefficient procurement process accounts for a yearly revenue loss of $1.5billion within North American businesses.

– Intellectual property (IP) are not securely protected. 36% of businesses cite IP protection as a top concern. 39% of businesses have experience a breach in the last 12 months.- No trust between purchasers and manufacturers because there are transparency or visibility into each other’s purchasing and manufacturing history.

Purchasers will define their parts production criteria, manufacturers’ information matching said criteria will be automatically sent the RFQ for quoting- The MFG token will be used for payments and also incentivizing purchasers and manufacturers for their efforts. All RFQs will work similarly to a unique bid auction. Purchasers issue bounty, in tokens, on the auction, which is claimed by manufacturers to incentivize them for faster bid time. Manufacturers can in turn re-use the tokens to provide future prospects with discounts on the quoted project.Trust, transparency, and security through smart contracts.New business model:We will be removing SyncFab’s mark-up fee, therefore, removing the middle-man/broker. Our business model will then switch to a professional-service model that will up-sell quality checks, engineering design alteration, project management.There will also be a % claimed through a nominal transactional fee of the final purchase order. (No bigger than current banking transaction fee.Current partnerships:BAAM – Bay Area Advanced Manufacturing HubUS Department of Energy CESMII

Clean Energy Smart Manufacturing Innovation Institute. City of San LeandroCity of San Leandro Chamber of CommerceSan Francisco STiR – San Francisco Startup in ResidenceAll these partnerships provide us with recognition, exposure, and connection to their network of local manufacturers. Order Volume:We are currently working with small and medium businesses (SMB), and individual purchasers with an order volume averaging $10,000 USD (California)With the platform and business case validated, we have plans to expand into other states, and going after mid-market (MM), and enterprise businesses whose order volume can be $100,000+ USD

The above things makes this project unique and great and a lot of potential for future.

Team members behind this project

In this project all team members are professionals and well experienced in the blockchain technology and their own business. That’s things make this project unique and great. Strong team and good project. Here is the details of team members…

CORE TEAM
Jeremy Goodwin, Chief Executive Officer
Andy Tong, Chief Strategy Officer
Jay Ligda, Chief Technology Officer
Dennis Delgado, Chief Design Officer
Victor Nguyen, VP Product & Operations
Ben Gerstein, VP Marketing
Michael Santore, Head of Community Relations
Sharon Wang, UI/UX Designer
Tam Du, Blockchain Engineer
Ali Zain, Blockchain Developer
ADVISORY BOARD
Mike Jones, An internet executive, investor and strategic advisor and CEO of Science, Inc.
Alan Safahi, Founder and CEO of ZipZap, Inc., a payment platform for moving money around the world.
Michael Wong, An experienced Information Security Manager with a demonstrated history of working in the financial services industry.
Mark Crone, Managing Partner of Crone Law Group, specializing in the corporate, securities.
Chris Cheng, Senior mechanical product designer with expertise in consumer electronics and medical devices.

Roadmap

Official link for latest updates and information

- Official Website: https://syncfab.com
- News: http://blog.syncfab.com
- Token Sale: https://blockchain.syncfab.com
- Twitter: https://twitter.com/syncfab
- Facebook: https://www.facebook.com/syncfab
- LinkedIn: https://www.linkedin.com/company/syncfab
- Reddit: https://www.reddit.com/r/syncfab
- GitHub: https://github.com/syncfab
- LinkedIn: https://www.youtube.com/user/syncfab

bitcointalk username : Jambrong66

bitcointalk link username : https://bitcointalk.org/index.php?action=profile;u=958957

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