Good day fellow Steemians and Cryptocurrency-Enthusiasts on the fastest growing cryptocurrency social platform. It is your ICO analyst Oluwatosin here again with one of the most exciting ICO around and personally, I am both fascinating and awed by this awesome project. Yeah, you are right, the name is Productivist ICO.
As usual I am going to be reviewing the project for you. Did I hear you say thank you? Never mind, after all what are friends for? Let’s get down to business.
WHY PRODUCTIVIST?
In the best simplicity of grammar, I would say the essence of this project is to ensure MAXIMUM PRODUCTIVITY. The global economy meltdown in the last decade has limited the growth and expansion of manufacturing companies and yet operational costs kept on increasing. Furthermore, companies spends huge amount of recruiting workforce to the organization. It is based on the background that the Productivist team has come up with an innovative project which offers organizations opportunity of recruiting the best hand in its local environment while reducing significantly amount expended on manufacturing overheads and wages. Why the inefficiency in the administrative of the entire manufacturing process when we could explore technology to solve the issue for us.
Specifically, the prevalent issues in the manufacturing industries are discussed below
INABILITY TO MEET DEMAND
In today ever-demanding and competitive business environment, manufacturing companies are often handicapped by their production capabilities, inadequate funds, government regulations which often result in their inability to meet the global demand for their product.
FINANCE AND MATERIAL ACQUISITION
Most time, manufacturing entities are faced with inadequate funds either for expansion or to acquire raw material needed for production thereby leading to proliferation of costs due to interest on borrowed funds.
DIFFICULTY IN SECURING QUALITY PARTNERS
Manufacturing projects often involve collaborations and partnership. Therefore investors often rely on track record of success of companies before hiring them in order to ensure successful transaction. This practice often limit available opportunity to new service providers regardless of their competency and also, it has been discovered that the so trusted older service providers are not necessary better or efficient as some exhibit the ugly habit of falsifying specification reports and quality.
MONITORING PROGRESS
The efficiency of supply chain and delivering of a satisfactory product to consumers is highly dependent of good ordering practice by the Purchaser same way manufacturers are saddle with the responsibility of overseeing assembly lines to ensure optimization of available resources and delivering of quality service to its client. As simple as this sounds, transparency issues and disappointment in meeting deadlines by the purchaser often jeopardize the whole manufacturing process. Manufacturers of the other hand, are often overwhelmed by the number of productions sites and machine owned.
PROTECTING INTELLECTUAL ASSET/ PATENT
Small Corporation are often preyed upon by larger firms even in the industrial sector to enjoy undue advantage in the ever-competitive business environment. Subsequently, large manufacturers with good ideas and financial transaction have a dedicated internal service to address security issues but the smaller firms are left unprotected.
SOURCING EXPERTS
Recruiting expect to handle the technical aspect of a manufacturing project is another bottleneck experience during product development. This is caused by inadequate technical knowledge by Purchasers who are usually responsible for staffing duties. Subsequently, it often leads loss of revenue and time wastage. Moreover, finding the expert professionals with requisite technical know-how is expensive and time consuming for both small and big manufacturing companies.
PRODUCTIVIST APPROACH TO SOLVING THIS PROBLEM
Relying on the disruptive blockchain technology which is reshaping the way business activities are being carried out. Productivist would create a unique blockchain to decentralized production activities thereby managing manufacturing chain of command. This remotely sited yet effective technology would ensure data security and transparency of transactions. Interesting features of this blockchain include:
It shall be digital; transferring information would be fast and efficient. With this blockchain, safety, trust and delivery is assured.
Second to non-hardware, the connectivity between production machines with the Productivist blockchain ensures the smartness of machines. It ensures automatic real time monitoring of production from the point of file transfer up to the end of the whole manufacturing activities.
Logistic efficiency; since all the machines would be connected to Productivist secured network, it would ensure easy identification of idle machines and available jobs would be assigned to them.
To facilitate the implementation of this blockchain technology, there is a need for a connecting device which is why the Productivist solution involves development of a smart device to handle this responsibility. The smart device would allow machine and system to connect to Productivist Blockchain Project.
The diagram is presented below
This present a huge benefit to machine owners because once a machine is successful connected to the Productivist Blockchain project, the project would have access to its production schedule and with commercial mode, it would be possible to assigned jobs to the machines without human intervention. This ensure efficiency and effectiveness as machine are optimize to their best activities.![smart device plus machines.
Subsequent with the addition of Freelabster as the first Brick of the Productivist Blockchain (an already existing project of this team), it would represent the first commercial use of the Productivist solutions. This would attract bigger companies towards the technology and the first step towards creating a global manufacturing capacities.
Smart device in connection with machine using Productivists Blochchain Technology
The blockchain pair of smart devices would assist with the validaton of blocks, and with mining activities, usage fee would gradually become reduced till when it becomes totally free.
THE PROJECT USE CASE
This is why I fell in love with this project. Several others ICOs always proposed multiple projects to be executed in the future but the Productivist team has a working product already since 2016. Yes, you are right, the team has been busy since last two years on this project and I see it succeeding. Let me introduce you to Freelabster.
FREELABSTER
Freelabster.com founded in 2016 is an initiative of Benjamin Pestel, Stanislas Gobert and Melissa Ibghi to address the growing issues associated with 3D printing which are exorbitant purchasing and maintainance cost and inadequate access to printing by the public. The idea was to create a market place where customers have access to a wider variety of printing professionals in their locale thereby leading to improved patronisation of the printing professionals. Having achieved this, the Productivist team is expanding the scope beyond just 3D printing and as well integrating blockchain into this solution to accommodate manufacturing process in its entirety.
Key information regarding productivist and freelabster are highlighted in the picture below
FREELABSTER AND PRODUCTIVITIST BLOCKCHAIN
Presently, the Freelabster.com would be the first to be migrated to the Productivist blockchain. ProducToken(PROD) shall be introduced which would serve as the currency of the platform and the platform would now offering a different kind of service, it would facilitate availability of manufacturing abilities for any project. With the recorded success of the Freelabster project so far, manufacturers would be receptive towards the solution. These are some of its success so far;
Optimization- with Freelabster.com more than 100,000 transactions have been completed bringing in massive profit.
Time efficient- traditional 3D printing system is slow but with this distribution system, speedy delivery has been achieved by assigned jobs to different printers systematically.
Professionals- 3D printing requires expert, Certified Freelabster are professionals with requisite skills and experience to get the job done.
Perfect fit- work are assigned to manufacturing firms taking into consideration specification, geographical location and past records of success to ensure attainment of the best result.
THE ULTIMATE BRICK: PRESENTING THE PRODUCTIVIST BLOCKCHAIN SOLUTION
The ultimate solution envisage by the Productivist team is the Industrial Brick, where companies would have opportunities of offering their production capabilities based on their record on the blockchain for third party to use. The dream is to create a global manufacturing market place where manufacturing entities regardless of their size are harmonize into getting the best result. This is possible by exploiting the blockchain technology, the platform token i.e PROD would serve as incentive and standard currency for manufacturing projects and enable the community to develop.
Subsequently, the platform would serve as a community for manufacturers where they can network, share ideas and provide solutions towards meeting the needs of their client. Since diverse manufacturers would be involved, this would ensure prompt delivery of resources to client in their locality and with blockchain, all transactions security are guaranteed.
Other advantages include optimization of resources, decentralized production, protection of intellectual property and it provides opportunity to do all this in real time.
The Production Scoring System
The production scoring system on the platform would serves as a judging criterion whereby manufacturers are rated on their suitability for a particular client project. The essence is to make the decision of who to patronize easier for the customers.
The modalities is presented in the diagram below
Participants in the Productivist’s Blockchain Project
You and Me
Almost everyone has a role to play in this project from every day Tom and Harry that need one kind of tool or another, they can easily order on the platform.
Manufacturing Companies
Manufacturing entities regardless of their size would have the opportunity of providing efficient and effective service to their customers.
Blockchain
The high level of security obtainable with this technology and since it cannot be tampered with by anyone makes the project more outstanding. The smart contract protocol of this project would offers highest level of security and transparency needed.
TOKEN LAUNCH
If you are convince like myself that this project is worth investing on, then you will need to register with the project here ico.productivist.com. You can buy the tokens with any of these popular cryptocurrency ( Etherum, Bitcoin, Litecoin, Dash, Dogecoin). To ensure that your tokens landed safely, you will need to have an ERC-20 compatible wallet.
Additionally, there are several bonuses for early contributors which are shown in the table below
TOKEN SALE STRUCTURE
Symbol: PROD
Hard Cap: 50 million EUR
Soft Cap: 3 million EUR
Maximum Supply: 100 millions PROD tokens
ICO(Hard Cap) 61,7 million PROD tokens
Emission rate: New tokens would never be created
THE PROJECT ROAD MAP
How the funds generated would be spent is presented in the chart below_
MEET THE PRODUCTIVIST TEAM
PRODUCTIVITY SOCIAL MEDIA LINKS
Bountyhive Username: Daseento
You have a minor misspelling in the following sentence:
It should be maintenance instead of maintainance.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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I just came across this project, let me do more findings on it
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Nice write up. Will go check it out at my leisure.
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This is educating
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Nice review.
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