ICORush

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.  ...

SyncFab's Solution to manufacturing problems In the previous part of this series I explained some of the problems faced in the manufacturing process. Now I will be shedding light on the way Syncfab is going to take these problems. The syncfab ecosystem is governed by a smart contract; the smart contract is responsible for carrying out the platforms actions like: Transparent Procurement processing, Supply chain management, change in supply chain management & peer to peer manufacturing. Syncfab's solution to cost of recruiting brokers:   The Syncfab platform removes the third party in the need for a supply chain process as purchasers, suppliers, manufacturers can directly verify whom they do business with on the Syncfab platform Syncfabc's solution to supply Chain actors’ verification; With the peer to peer nature of the Syncfab ecosystem based on the blockchain, there is a level of transparency that is previously nonexistent. With this platform an innovato...

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...

Blockchain startups are the new rave of the moment as a lot of projects see this as an opportunity to raise the  funds necessary to bring to life their ideas and innovations. I will be introducing a project that tackles a real life problem which has plagued the manufacturing industry for a long time & promises solutions for manufacturers and innovators/purchasers alike. The project is  SYNCFAB  What is Syncfab? Syncfab  is a decentralized platform that connects hardware innovators directly with the manufacturers of their products in a simple peer to peer manner. The Syncfab platform is made possible by the blockchain technology, creating the world’s first blockchain based manufacturing supply chain. Syncfab is governed by a smart contract which gives the purchasers insight into the supply chain process. According to  website : Through the Smart Manufacturing Blockchain, purchasers and manufacturers will be able to streamline the procurement and ...