SyncFab: The Future of Hardware Manufacturing - part 2: Problems

The problems faced in the manufacturing industry and the syncfab solution
There is not a solution without an existing problem and several problems exist in the manufacturing industry that affects both the manufacturers and the suppliers.

The Problems:

The money and time expended in recruiting a broker:

Companies often rely on brokers to outsource manufacturing of their hardware’s but this can be a really tedious process as getting a reputable broker with fees within a budget is hard task as well a it is to recruit a procurement manager.

No platform in place to verify the capabilities of manufacturers:

The capabilities of manufacturers can seldom be verified and this may mostly lead to empty promises and disappointments as regards the delivery date of products or ability to deliver products of the desired quality.

No platform in place to verify supplier profiles:

Just has it’s a hassle and is difficult to verify the capabilities of the manufacturers it is likewise the same for the suppliers. Manufacturers generally will want to deal with serious suppliers who pay on time, shows up on time for recipient of their products. Also purchasers need a reputable supplier with a history of success in their field.

The problem of tracking the supply chain progress:

Tracking is a very important part of customer satisfaction either in the supply chain or delivery of a product, in the current systems tracking is limited and products may spend more time than is expected on the supply chain. This leads to valuable time being wasted in the manufacturing process and may have costly results on the suppliers side.

Security and protection of ideas and intellectual property:

From experience I believe not everyone is comfortable leaving their unique product designs in the hands of a manufacturer they don't know. This may however lead to leaks of the design or just low confidence in the manufacturing process.
Syncfab is providing a solution for all these problems. I will be explaining the solutions and giving a real life example of how Syncfab works in the next part of this series.
Join the conversation on the Telegram community https://t.me/syncfabAnd the ANN thread https://bitcointalk.org/index.php?topic=2286102.0then for more information visit the Syncfab official website https://blockchain.syncfab.com/ 

Comments

Post a Comment

Popular posts from this blog

Get Ready To Be Rewarded For Streaming With CURRENT CRNC

Image
Project Introduction: The commercialization of the internet since it began in the mid-90s has changed the way we humans; interact, communicate, share experiences, have fun, do work and express our emotions. This has led to an increase in internet based companies who with great ideas, offer amazing services to better the lives of the people and in turn make enormous profits.  Consumer data is the air that this Internet services breathe and is what makes them thrive but in return the consumers use the service, donate their data and don't get a share of the rewards. Intellectual properties like music and videos are paramount in entertainment. Already consumers expend their data and sometimes money to enjoy these products with no form of monetary gain. What if there was a way to get rewarded for doing thing we already love doing? The blockchain has proven to be a even more revolutionary technology with which innovative solutions are provided for existing real life problems
Read more

SyncFab: The Future of Hardware Manufacturing - part 4: Token Sale and ICO Review

Image
Token Sale and ICO Review  Haven reviewed the SyncFab project; I also gave an example of a use case as applied to real life scenario. Next up is the ICO phase. The best blockchain projects with huge success in terms of ROI, implementation and meeting set goals all have some things in common: A good project that is needed, an experienced team, a Roadmap and clear vision for the future and finally good token economics The Project: Analyzing the project in the earlier parts of this series has shown that SyncFab is actually a project that relates directly with real life situations and offers innovative solutions to hardware manufacturing problems that almost all the parties involved face at one point or another. So this project is a go for me with the beta version already available I think this is a great project in all sense.  The Team: The Syncfab Team oozes of experience as it consists of members with a Successful track record in their respective fields.  The team consi
Read more

EQUI Capital: Limitless Venture Capital Opportunities for Everyone - Part 2: How It Works

Image
EQUI Capital - How it works The EQUI platform has three classes of actors; The Investors  The Holders  The Traders The investors are those who uses the EQUI platform to invest in businesses using the EQUI tokens. Investors commit the amount of their choosing into projects, the EQUI tokens are then sold for Fiat at a fixed rate. The investors are rewarded 75% of investment profits over a certain period if time on pro rata basis. The holders are actors who are yet to commit themselves to any investment but hold their EQUI tokens on the EQUI platform while the traders are people whose EQUI tokens are not held on the EQUI platform. Benefits of having token on the EQUI platform Aside from the returns and profits made by the investors, both the investors and holders are entitled to participate in a loyalty program which reaps rewards shared among the actors in the ecosystem. The profits of the traders however comes from the appreciation in the value of EQUI tokens and its s
Read more