SyncFab Co. a leading regional supply-chain management and business-to-business procurement platform for precision parts production, today announced its Utility Token Sale (Token Sale) effort to establish its ERC20 Ethereum MFG token and to present blockchain technologies to achieve better operational efficiency for its fast-growing community.
Employing the forthcoming utility market on SyncFab's eco-system, supply-chain purchase supervisors, CNC machine shops and third party design firms will have the ability to more conveniently supply domestic production and conduct secure transactions using Smart contracts on the blockchain.
SyncFab Token Sale And Platform
The Token Sale event will start on October 16th. For more info about the MFG token sale, visit https://blockchain.syncfab.com.
In relation to the above, the organization also announced the launch of its redesigned state-of-the-art SyncFab platform comprising mobile accessibility, optimized page load time, robust search feature, more compact order flow, digital inspection file, and online payment.
Founder and CEO of SyncFab, Jeremy Goodwin, commented, “With the launch of the MFG token, we plan to blaze a path in smart production and procurement to produce economies-of-scale manufacturing more affordable and accessible to all.
As we are committed to efficiency and security, the strong functions of smart contract on our newest blockchain service will enable our customers to shorten their discussions with suppliers and better manage their supply chains. Through our automatic peer-to-peer platform, SyncFab can also be solving a significant issue for manufacturers with limited marketing budgets and underutilized capacities.”
“The potential of smart manufacturing is data-optimized precision parts manufacturing. Different from Alibaba's professional services of linking international buyers with cheap traditional manufacturers in China, SyncFab is catering to the burgeoning clever manufacturing market in the US and Europe. The value proposition of SyncFab is that, by linking supply-chain purchase supervisors with those underutilized smart producers with advanced CNC machine shops, many nationally innovative factories are becoming more accessible and effective and procurement prices are reduced,” Goodwin reasoned.
Founded and headquartered in Silicon Valley at 2013, SyncFab is an active supplier of best-in-class low-cost solutions to supply chain buyers and national manufacturers. SyncFab began as an internet Design-For-Manufacturability platform and later evolved to a business-to-business supply-chain assnd IIoT Machine Learning Data mobilization platform matching industrial components buyers with a growing network of machine stores and innovative manufacturing facilities complemented by who is local and who's clean – an ISO 50001 US DOE certification for efficient energy management.
SyncFab's state-of-the-art B2B ecosystem enables sustainable neighborhood advanced manufacturing market by enabling buyers to secure, manage and track parts production online, which makes local manufacturing more desirable and rewarding and creating procurement bidding process more transparent through the energy of the internet, blockchain and internet payment.
SyncFab's customers include top 50 industrial makers in the Northern California area. SyncFab collaborates with national and municipal authorities initiatives in public-private partnerships to advance civic innovation and economic development.