Growing the blockchain, Syncfab looks back at 2018

2018 was an accolade year of many accomplishments for SyncFab.

The company added significant hires to the team, grew our user base and community to over 50,000, established proprietary scope for an ethereum sidechain protocol, launched the official 2.0 MFG wallet, integrated the Smart MFG Token into our 2.0 platform, shared a sneak peak of our coming 3.0 DApp release and much more we review below. The greater part of the year was spent working on product and supporting Smart MFG Tech to conclude a successful Token Sale but just as important to all the software development work that took place, the company also kept busy making new sales in 2018 laying the groundwork for additional new and follow-on sales to come in 2019.

One of our greatest conclusions of 2018 was that blockchain is here to stay and the path we had embarked upon in 2017 in partnership with Smart MFG Tech would continue trailblazing the future digitization of the manufacturing supply chain. This is a major trend which is just beginning and will continue to unfold for the coming decade. We learned that maturation of the blockchain technology industry would precede general market perception of its application and that the market gyrations witnessed in 2018 would prove cathartic to the industry in the long term. At the same time the 2018 market volatility would serve as an overall boon to the industry driving practitioners to concentrate work efforts and accelerate development which should ultimately manifest as earlier productivity gains on the horizon with refined development pathways unfolding in 2019. In the same way we expect to share a series of informative updates in 2019 as we look to streamline our operations to support the launch of completed new product features, our new 3.0 DApp, and a greater emphasis on business development and sales to match consecutive product feature upgrades.

2018 Highlights

We filed for 3 pending Trademarks with the US Patent and Trademark Office in an effort to recognize the blockchain industry development pathways we pioneered in 2017 which have proven enormously popular as they carry promise to deliver some of the most disruptive gains to general industry with the application of DLT namely for:

SyncFab Manufacturing Blockchain ™
Manufacturing Blockchain ™
Supply Chain Blockchain ™

Team growth: The company added several significant new hires to the team in 2018 with our team almost doubling in size, including the addition of a new Head of Sales, In-House General Counsel, new VP of Operations, Community Manager, Product Manager and Blockchain Engineers adding the most talented human capital to our ranks who are just as passionate about our mission to revolutionize manufacturing at SYNCFAB.

SyncFab’s Growing Team posing with Smart Manufacturing Advisor Xiaochun Li at UCLA

Supported our partner Smart MFG Tech to conclude a successful token sale that saw participation from designers, engineers, supply chain buyers, fabrication experts, manufacturers and other patrons of the manufacturing industry revolution with the application of Distributed Ledger Technology.

Launched our Beta MFG dashboard to enable those Supply Chain Buyers and Manufacturers who registered to access and store the MFG Token and associated record identification on the ethereum blockchain.

Upgraded the SyncFab 2.0 payment gateway to accept MFG as a method of payment, moving to Kubernetes for deployment automation, scaling and to ensure uptime, designing a new CI/CD workflow to improve our development environment speed, testing & deployment frequency and more.

Community growth: we built a significantly large following of approximately 50K overall followers and users across Telegram, Social Media, e-mail subscribers and our traditional user base.

Astute Advisory Board additions with the launch of our Blockchain initiative our collective Advisory Board grew to include access to expert advice from Mike Jones, Gil Penchina, Jeff Berwick, Peter Moricz, Simon Cocking, Steven Sprague and Michael Wong amongst other highly respected professionals.

SyncFab Executives meeting with advisor Mike Jones, CEO of Science Inc.

Partnership with CBlock Capital — an advisory firm and blockchain incubator backed by a HK listed HKD Billion Fintech group in Asia, that holds more than 2% of the global Bitcoin mining capacity. Together, the businesses will work to streamline the business models of C Block clients who will benefit from blockchain supply chain innovations, with a focus toward the Pan-Asian market.

Presented the Manufacturing Blockchain Supply Chain protocol development and operational launch plan with members of Mitsubishi management in Silicon Valley.

Joined the Ethereum Enterprise Alliance

Integrated MFG with the Bancor, Digifinex and LA Token protocols amongst others.

Presented, partnered with and participated in more than 20 leading Industry and Blockchain conferences in New York, London, Tokyo, San Francisco, Santa Clara, Boston, Los Angeles, Las Vegas, Denver, Portland, Zurich, Seoul, Bangkok, Saigon, Manila, Mexico and more.

Jeremy Speaking on Smart City Development at The World Trade Center in Portland.

Featured in digital and print media — Forbes, NASDAQ, Manufacturing Tomorrow and Modern Machine Shop amongst others.

Included as a market creator and leader in the market size estimate report conducted by ABI Research projecting the size of the Blockchain Supply Chain Industry to reach $10BN by 2023.

Established a new worksite in Los Angeles: in addition to our location in San Leandro, we added a location at the prestigious Los Angeles Cleantech Incubator whose partners include the City of Los Angeles, the US DOE, JP Morgan Chase, Wells Fargo, Caltech, NASA JPL, Ernst & Young, USC, UCLA and Tech Coast Angels amongst other noteworthies.

SyncFab’s Office housed in Los Angeles Cleantech Incubator Headquarters

Moved the Company Headquarters to the US Blockchain Capital of Wyoming and began collaborating more closely with the City of Berkeley Blockchain Bond Initiative which saw SyncFab CEO, join their Advisory Board led by Vice Mayor, Ben Bartlett.

Championed the Manufacturing Blockchain revolution as a component of the national Manufacturing Innovation agenda as a part of CESMII and the City of San Leandro STiR

Shipping and logistics API integration on 2.0 allowing the ability for users to select from a variety of shipping carriers to ship their finished parts.

Formatted Smart Contracts and established the work scope for a Hyperledger SideChain Protocol which, when integrated with our Ethereum transaction framework, would serve as the Testnet underlying the first version of our Manufacturing Blockchain ™ running on our coming DApp 3.0 of which shared our excitement with a sneak peek.

Sneak peak of SyncFab’s Manufacturing Blockchain DApp 3.0

Revolutionizing Manufacturing with Blockchain

The 2018 bear market transpired suddenly and forcefully bringing with it a whipsaw effect driving many projects and companies to have shutdown with many more finding it difficult to continue. Similarly, the 2018 bear market has greatly impacted our commercial arrangement with Smart MFG Tech requiring SyncFab to shift to a greater reliance on our own methods of sales and business and product development driven by budget rationalization measures which we have implemented. With this environment serving as a backdrop to our ongoing technology and business development efforts it has steeled the resolve of the team at SyncFab to hunker down and push through with the manufacturing blockchain revolution with a rejuvenated sales push. After all, we know Blockchain is here to stay and so we have every intention of staying the course for as long as our business will support.

What to Expect in 2019

Over the course of 2019 our aim is to refine and adapt our product roadmap continuing to add features which will enhance and add value to the Industrial Manufacturing Supply Chain Buyer experience while accelerating the sales cycle. Similarly, we aim to boost sales and business development efforts adding additional layers of customer support along the way. Furthermore the continuation of the Manufacturing Blockchain Testnet deployment to become Mainnet we believe will come to completion in sync with our parallel ramping sales and business development efforts as they complement one another. We will be releasing a product roadmap update, product updates and team updates over the coming weeks and months as we enter the next chapter of our evolution as a company. Buckle up and stay tuned as we believe 2019 will continue to be high octane!

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