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Introduction
Productivist enables open data streaming, which any private organization or individual can use to help grow the Industrial Revolution 4.0. It creates new standards in smart manufacturing and decentralizes the production with an open ecosystem. This process guarantees data security and transparency for both the manufacturer and the client.
Industrial Revolution 4.0 refers to the latest trend of automation and the exchange of data in production technologies. It is also addressed as the fourth industrial revolution and comprises of cyber-physical systems, the Internet of things, cloud computing and cognitive computing.
Following are few of the challenges faced by the companies.
INEFFICIENCY
Maintaining manufacturing capacity for global companies or smaller actors is the main problem in production which is a barrier to improvement.
SOURCING COSTS
The wide range of offers and solutions available makes selecting materials or manufactures complex, which leads the production cost to increase.
TRACK RECORDS
The lack of transparency or no track record of some providers leads companies to turn to expensive actors with a good history when finding the right counterpart, but, it can be seen that even historic actors such as Kobe Steel Ltd (est. 1905) do alter quality and specification reports.
TRACKING PROGRESS
Order tracking is important in meeting client needs, but, as a buyer, you have to put your trust in the provider to meet the delivery deadline and as a manufacturer, it’s vital to manage the production capacities. However, that becomes more complex when you own a large number of sites and equipment.
Solution of Productivist
Productivist aims to connect professional manufacturers and their clients through an enclosed ecosystem that will develop the relevant sector. Users will find Productivist cheaper due to it’s decentralized process. Clients of various products will experience inexpensive outsourcing systems due to the availability of everything at one place. You can place an unlimited amount of orders and because all the suppliers undergo examination, the quality is ensured. The tracking system includes full IP protection and low transportation costs making it inexpensive and secure for both the buyers and sellers.
How is it working?
CREATING A PROJECT
When you use Productivist to create a project, the blockchain technology will commence a due diligence analysis and confirm your ability to complete the transaction.
SELECTING THE RIGHT FIT
When Productivist accepts a project, our system will find the best manufacturers upon various factors such as their track record, certifications, the technical aspects of the project, their producing capacity, the buyer’s location and the project deadline.
PRICING
The selected manufacturers are allowed to bid on the project along with their deadlines and the system will select the best offer that matches the interests of the final client.
PROJECT MANAGEMENT
The platform will provide the selected manufacturer with a specific slot for the project in their production flow and the buyer can receive live information about the status of their order.
PROD Token
PROD token will be a utility token and the value of the token will depend on the usage of the productivist ecosystem.
Instrument - PROD
Token name - ProducToken
Token Standard - ERC-20
Exchange rate - 1PROD - 0.1EURO
Token Supply - 385 000 000
Soft cap - 2,000,000 EURO
Hard Cap - 20,000,000 EURO
Productivist Team
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You can find out more information about the productivist project on below links.
Website: https://ico.productivist.com
Facebook: https://www.facebook.com/productivist
Twitter: https://twitter.com/ProducToken
Telegram: https://t.me/productivist
VERDICT
Productivist aims to develop the connection between manufacturers and potential clients while resolving issues like transparency and cost with the help of the blockchain technology. Their website includes simple yet easy to understand information about the project. The idea is very engaging, and we find the Productivist platform a promising project. However, it should be noted that there’s no proof of concept yet.
Author: Kevin Esky