Hi guys today I will be doing an evaluation on the SyncFab project. This evaluation would be done in a three part series.
The 1st part would be about the project introduction and statement of the problem, the 2nd part would encompass the solution and the benefits to manufacturers and innovators and the 3rd part would be an analysis of the ICO and token structure.
Part1: SyncFab project review
The impact of manufacturing in any economy cannot be overemphasized, as it plays a major role in the economy growth and development of most countries of the world. Manufacturing cannot be done without the innovators who are the brain behind the hardware manufactured. The problem here is that most of these innovators do not have a direct connection with the manufacturers and have to solicit the services of third parties in form of brokers that links the manufacturers and the innovators.
The problems
The challenges in this current world Manufacturing industries however are very much and a few of them are stated below:
- Consulting Brokers slows down the process of production, as valuable time is spent negotiating and reaching a workable agreement
- The innovators have no direct contact with the manufacturers which may lead to a lot of ideas being lost in translation
- The innovators may not be able to time production process as there is no transparency on how long the process is taking
This and many more problems exist in the current world system and affect mostly the small and medium companies as they are mostly the ones that need the services of the middle men.
Syncfab is the blockchain platform that possess the revolutionary solutions to these problem.
What is Syncfab?
In a simple and basic language, Syncfab can be defined as a system that creates a direct link between the innovators and hardware manufacturers. Syncfab revolutionize manufacturing by eliminating the need for middlemen (I.e. brokers) by creating a platform where the innovators can directly interact with the manufacturers. The will eliminate a lot of problems faced by the present manufacturing sector.
This platform is created on the Ethereum blockchain and controlled by smart contracts which eliminate the possibility of human errors.
In the next part I will explain how Syncfab will provide an innovative solution to the problems through the blockchain technology.
SyncFab Official Contacts:
Official website https://blockchain.syncfab.com/
Telegram community https://t.me/syncfab
ANN Thread https://bitcointalk.org/index.php?topic=2286102.0
My Bitcointalk Account: https://bitcointalk.org/index.php?action=profile;u=1633818
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