Upgrading Today's Manufacturing Process To Blockchain Technology - SyncFab

in #blockchain8 years ago

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Manufacturing is currently one of the most dated industries in existence, with technology still in use from the year. Logically, you wouldn't assume manufacturing could possibly be a neglected area of business, giving its importance to provide us with life sustaining materials, jobs, and creating a better world.

Thankfully, the Ethereum Blockchain is here to not only change the way we manufacture products, but also save us tons of money through preventing waste and abuse. SyncFab connects buyers directly to hardware manufacturers, thereby eliminating "middleman" involvement and costs. The entire process is much more streamlined, with near effortless production tracking and customizable Smart Contracts. With SyncFab, you're in control of all the features your Smart Contract comes with. And that's just the beginning. Read more below!

Check Out Some Of The Awesome New Features Of SyncFab

Public, Peer-To-Peer Ecosystem - The decentralized, peer-to-peer ecosystem of SyncFab eliminates wasted spending, makes products and services more accessible, and puts an end to monopoly type behavior and crime. And it's all thanks to the SyncFab public/transparent ledger system.

Digital Smart Contracts For Manufacturing Deals - By opening lines of availability to isolated and otherwise inaccessible manufacturers, direct link Smart Contracts allow buyers to secure much more affordable deals, even if only for a short period.

MFG Utility Token - The MFG utility token is the on-site currency of SyncFab. With it, you can purchase token-based services and products at SyncFab with ERC-20 standard functionality. And if you should decide that you've had your fill of SyncFab, you can easily convert your MFG utility tokens back to Ethereum quick and easy.

Comprehensive Manufacturing Solutions - The framework for reliable networks of Blockchain communication have already been laid. Now, SyncFab and similar companies are engaging their Blockchain software offerings through real-life consumers and business, bringing them tons of brand new savings and opportunity to get ahead.

And with the existence and operations of SyncFab, comes experience points in knowing how Ethereum Blockchain technology reacts with the network built to support it. Also, precious knowledge is gained to repair security holes and operational methods BEFORE expansion of the Blockchain to legendary achievement levels.

Industrial Revolution 4.0 - Manufacturing Evolution Full Speed Ahead

Across manufacturing history, there's been a total of 4 officially verified manufacturing revolutions. The first happened in 18th century Britain, with the arrival of the very first textile machines. The second happened soon after 1903, with Henry Ford mass producing road worthy motor vehicles. The third revolution was established through the introduction of computers in the manufacturing world. The fourth is now active in the present day, with advancements in computing technology propelling us to brand new heights. Industrial Revolution 4.0 represents the culmination of everything we've learned up to now involving computer technology, at such a fast rate of change that it's officially been dubbed the 4th great industry/manufacturing revolution.

One thing is for sure. Blockchain has earn its place to change the rule of the game. For a more in-depth look at the features and benefits of SyncFab, be sure to visit the official website at https://blockchain.syncfab.com/

Thank you for your time,
Jack Andrew

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Wow! Syncfab takes us to a whole new level of technology and manufacturing.... This post deserves loads and loads of reviews.

Hi @viktur007, thank for your feedback!

I need to research further on two aspects of a decentralized supply chain:

  • How does this resolve manufacturers preferring to sell bulk to reduce quantities of transactions? Alibaba vendors often will not ship a single item; they have order minimums.
  • Is an oracle required to trust the supply chain information found on the supply chain? I like the chain of custody aspect, but we still have to deal with garbage in - garbage out.

Any thoughts?

Cheers,

@dcj

Nice post😉😉😉

Thank you. Is there anything in particular you wanna share?

Yeah... Blockchain has earn its place... i agree with this statement

You got a 1.89% upvote from @buildawhale courtesy of @jackandrew!
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Great information about block chain technology. Good information for the steemians.

Nice post, thanks :)