SyncFab

The MFG Token is a Utility Token that will become a vital part of the SyncFab platform and operating partner manufacturing supply chain management ecosystems. SyncFab will be a supply chain management tool to procure, track and organize local parts production using smart contracts on the Ethereum blockchain network. Through public-private partnerships with manufacturers at the local, regional and national levels, SyncFab’s Smart Manufacturing Blockchain will advance efforts to decentralize manufacturing via a public, peer-to-peer ecosystem, powered by the MFG Utility Token. This document examines current burdens faced by small to mid-sized enterprises working within the manufacturing supply chain, and provides a comprehensive set of solutions to engage isolated and inaccessible manufacturers, widening their inter-industry networks and encouraging collaboration to meet global production demands. By collecting quality data about today’s opaque manufacturing supply chain and making it public, SyncFab’s platform aims to make the supply chain more transparent, efficient, and sustainable. The paper highlights the development of SyncFab’s decentralized application, the MFG UtilityToken which incentivizes streamlining of bidding and procurement processes, and details the upcoming MFG Utility Token Distribution Event (token sale). Blockchain and smart contracts serve as the way forward into the Industrial Revolution 4.0, creating economies of scale and potentially aggregating supply. Decentralized manufacturing will make the industry more accessible, secure and economically sound for more participants in a direct peer-to-peer (P2P) ecosystem.