The fourth technical revolution has come. We observe significant successes in robotics, artificial intelligence, digital technologies. These changes in the physical and digital world have linked these production areas with reliable block networks.
These block networks that connect the physical and digital worlds are known as blockchain technology. Interacting on the blockchain-platform, integrated production and procurement processes save time and resources; improve work efficiency; increase scalability andsecurity.
Demand for services that are available through global data exchange blockchain, as well as the conclusion of smart contracts between enterprises contributes to the expansion Internet of Things (IoT) and Industrial Internet of Things (IIoT).
Applications developed using blockchain technology within IIoT quickly appear as a new standard in many sectors, including finance, real estate, food processing and manufacturing.
The decentralized platform SyncFab, based in Silicon Valley, is aimed at using IoT and IIoT technologies to provide buyers and manufacturers with high-quality data that will simplify the processes in the supply chain.
On the interactive, cloud-based SyncFab platform, there is a rapidly growing network of certified machine building enterprises and advanced production facilities.
Payment for goods and services on the platform will be made in local currency - MFG tokens.
How is the relationship between the buyer and the manufacturer on Smart Manufacturing Blockchain:
- The buyer creates an RFQ (list of auctions).
- The buyer represents the budget of the project, including the amount for which it is ready to increase the budget. The proposed budget will be visible to the producers, while the amount of the budget increase will not be.
- The buyer adds the amount of reward in the MFG tokens. The award for participation in the MFG tender will be determined for all RFQ auctions.
- Requests for participation in tenders include three packages. If the buyer wants more bets, he will buy two packages for a total of 6 applications.
- RFQ is sent via Smart Manufacturing Blockchain to several manufacturers for bets.
- Manufacturers check RFQ and decide to make an application.
- The SyncFab system compares bids by automatically rejecting bids above the allowable amount set by the buyer. Producers will be informed in advance that any rates exceeding the buyer's eligibility will not be included in the package of three bids to the buyer.
- Nevertheless, producers whose rate exceeds the budget can count on the review and reassessment of their application only once during the bidding process.
- The buyer chooses the winner.
Once the buyer chooses the winner, a multi-level reward for bets applies:
Scenario with three or more bets:
● 50% of the award in the MFG will be awarded to the winner of the bidding.
● 20% of the MFG award will be awarded to each of the two losers
applicants for a total of 40%.
● 10% of the remuneration in the MFG will be allocated to the loyalty pool to encourage future users to participate more actively.
Scenario with less than three rates:
● The buyer returns 20% for each application that was not received.
● If there is only one application with the specified bid accepted as the winner, 50% reward is given to the winner, 40% is returned to the buyer, and the remaining 10% is allocated for the pool of loyalty.
● If no bid wins, 20% will be allocated to each bidder, 10% to the loyalty pool, and the remaining to the buyer.
● If there are no rates, 10% will be allocated to the loyalty pool, and the remaining will be returned to the buyer.
Here's an interesting SyncFab project I'm offering you today to consider. Presale is now live, which on February 15 will smoothly flow into crowdsdale. Until February 15, MFG tokens will be sold with a 25% bonus. For the entire sale period, the price is set to 1 ETH = 5000 MFG.
For sale, 300 million tokens are offered, which is 30% of the total pool of released tokens. In payment are accepted ETH.
Soft cap: 15K ETH.
Hard cap: 33K ETH.
More information about SyncFab you can find on the official sites of the project:
Web sait: https://blockchain.syncfab.com/
White Paper: https://blockchain.syncfab.com/SyncFab_MFG_WP.pdf
ANN: https://bitcointalk.org/index.php?topic=2286102.0
Twitter: http://www.twitter.com/syncfab
Facebook: https://www.facebook.com/syncfab/
Telegram: https://t.me/syncfab
Author: happy weblancer https://bitcointalk.org/index.php?action=profile;u=1057545