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SyncFab

Revolutionizing Manufacturing with Blockchain


Eliminate intermediaries and brokers to lower cost and increase your revenue. We directly connect you to hardware manufacturers and provide effortless production tracking. Eliminate marketing costs by having buyers directly connect to your manufacturing facility. SyncFab guarantees payments through our smart contracts and give you full control of your pricing & capabilities.

Platform

3.7


3.1
ICO PROFILE
4.7
TEAM
4.0
VISION
3.7
PRODUCT
Unknown
Start Date Unknown
End Date Unknown
Token MFG
Platform Ethereum
Price 1 ETH = 5,000 MFG

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.

Team

Mike Jones member of SyncFab ICO
Mike Jones
Gil Penchina member of SyncFab ICO
Gil Penchina
Jeff Berwick member of SyncFab ICO
Jeff Berwick
Simon Cocking member of SyncFab ICO
Simon Cocking
Peter Moricz member of SyncFab ICO
Peter Moricz
Xiaochun Li member of SyncFab ICO
Xiaochun Li
Mark Crone member of SyncFab ICO
Mark Crone
Michael Wong member of SyncFab ICO
Michael Wong
Chris Cheng member of SyncFab ICO
Chris Cheng
Jeremy Goodwin member of SyncFab ICO
Jeremy Goodwin
CEO
Andy Tong member of SyncFab ICO
Andy Tong
CSO
Jay Ligda member of SyncFab ICO
Jay Ligda
CTO
Dennis Delgado member of SyncFab ICO
Dennis Delgado
Chief Design Officer
Victor Nguyen member of SyncFab ICO
Victor Nguyen
VP Product & Operations
Ben Gerstein member of SyncFab ICO
Ben Gerstein
VP Marketing
Sharon Wang member of SyncFab ICO
Sharon Wang
UI/UX Designer
Tam Du member of SyncFab ICO
Tam Du
Blockchain Engineer
Ali Zain member of SyncFab ICO
Ali Zain
Blockchain Developer

Milestones

  • 1

    Quarter 1, 2018

    MFG Token Generation Event and Distribution

  • 2

    Quarter 2, 2018

    MFG Token Acceptance Integration

  • 3

    Quarter 3, 2018

    Format Ethereum Blockchain Smart Contracts for Purchasers

  • 4

    Quarter 4, 2018

    Format Ethereum Blockchain Smart Contracts for Suppliers

  • 5

    Quarter 1, 2019

    Implement MFG Ethereum Supply Chain Blockchain Smart Contract

  • 6

    Quarter 2, 2019

    Survey Machine Shop Upgrade Requirements

  • 7

    Quarter 3, 2019

    Formulate Upgrade Solution for Machine Shops

  • 8

    Quarter 4, 2019

    Begin Implementing Machine Live Data Feed Upgrade Solution

Financial

Token Info
Token MFG
Token Type ERC20
Platform Ethereum
Price in ICO 1 ETH = 5,000 MFG
Tokens for Sale 300000000
Investment info
Accepting ETH
Soft cap 5,000 ETH
Hard cap 33,000 ETH

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