Elon Musk, in a recent interview, said that he is practically sleeping in his Tesla Factory as they are way behind their schedule for the production Models S3. Producing electric cars that are suitable for the mass market is the mission of Tesla. He said things have started improving but they are going through production hell. 2000 cars per week is the target in the Tesla factory. Tesla factory is one of the most advanced factories in the world because of the number of robots and automation tools employed.Still, they are behind their schedule due to high demand and low production rate. If you consider the situation of other factories in the world who are not so much technologically advanced.
How do they manage their target? Expensive sourcing is another issue with the industry which leads to the high cost of a product. Minimum order quantity, unverifiable track record, No progress tracking, lack of IP Protection, logistics time & cost and ecological imprint are a few of the many challenges associated with the manufacturing industry.
Solution offered
PRODUCTIVIST is creating a solution for the manufacturing industry based on the blockchain technology. Decentralising production with the help of blockchain technology to streamline the manufacturing 4.0 is the ultimate aim of the platform. Manufacturers can easily interact with their clients using the platform. It aims to present a global map of potential buyers and manufacturers connected through P2P protocol. Efficiency in all processes, inexpensive sourcing, no minimum order quantity, verifiable track record, real-time progress tracking, Full IP protection, manufactured in the same region, low transportation cost and better manufacturing are a few of the top features of the platform.
Connecting machine to the blockchain technology for real-time monitoring is another unique concept presented by the platform. They are creating a smart hardware device which can connect any machine or system to the PRODUCTIVIST blockchain project. The commercial node on this machine will send all the necessary production instructions to the manufacturers from the remote location. Their earlier platform Freelabster.com was involved in the 3D printing and they will integrate it in the next set of services being offered by the platform.
Blockchain technology will help the platform to reach the full potential of the 3D printing and it will also act as an example for other companies so as to how they can benefit from the blockchain technology. The ProducToken(PROD) will act as a standard currency for the incentivisation and payment on the platform. Group of experts will be available on the platform for solving a variety of problems for the manufacturers. They have designed a global solution for the manufacturing and businesses across the world.
ICO INFORMATION AND TEAM
385,000,000 PROD Tokens are created for the project in which 61.7% of the tokens are reserved for the ICO. The Token sale will start on 1st May 2018. 30% of the funds will be spent on the IT Development while 20% of the funds collected will be spent on the marketing & sales. The team working on the project is experienced in the felid of Internet technology and startups.
Conclusion
Meeting the demands of people during the particular time is the ultimate mission of companies. They work for their consumers. The most important aspect of the business is the production capabilities. Keeping efficient production capabilities is one of the prime aims of the company. The world is a manufacturing hub of unique products and services.But there are many challenges in the current manufacturing industry. One of the biggest challenges is the inefficiency in the industry, which directly affects the output of the factory. We have seen many radical changes in the world of technology and blockchain technology is one of the latest ones.
The world needs to create a vision for the future and with the development of the blockchain technology, it seems that we will be entering into a new phase of transparent business on a global scale. Creating efficient manufacturing chain is the biggest hurdle a company faces and PRODUCTIVIST has designed a solid framework with the help of blockchain technology to solve this problem. What do you think about the different services and products offered by the platform? Will the companies integrate the solutions presented by the platform?
To know more visit:
Website:https://ico.productivist.com/en/
Join campaign:https://bountyhive.io/join/Productivist
Published By:Kishan(Bountyhive)