Smart MFG – Where Supply Chain Meets NFT Meets Gaming

Blockchain is here to stay; as enterprise and supply chain DeFi become a reality, two additional blockchain ecosystems have recently burst onto the world scene: NFTs and gaming. Smart MFG is at the intersection of all three of these trends which are blockchain’s most exciting opportunities.  

Blockchain reinventing the supply chain

One of the most promising applications of blockchain technology is supply chain management. The supply chain sector is a multi-billion-dollar industry; however, it is suffering from multiple problems across the entire chain. As a result, the supply chain business suffers billions in losses that should not occur if the processes were transparent and streamlined.

The old-school supply-chain business model needs a complete reset for better efficiency and the answer lies in blockchain, decentralisation and more specifically DeFi. Supply Chain DeFi makes use of smart contracts that will streamline the documentation process, verify quality and provenance and decrease the human error factor significantly.

To compound these already existing problems, a survey of global analysts in August 2020 found that more than 80% of industries experienced supply chain disruptions because of the pandemic.

For this reason, supply chain management is commonly cited as one of the biggest use cases of blockchain technology that will impact the way Industry 4.0 operates: most companies on the Forbes Blockchain 50 list are using blockchain to solve logistical issues.

Blockchain helps supply chain processes with their challenges by creating a complete, transparent, and tamperproof history of the information, inventory, and financial flows in transactions.

SyncFab, a blockchain-based supply chain management company, with numerous high-powered manufacturing and government-led contracts around the world, is a prime example of the disruption happening in the supply chain. SyncFab integrates blockchain technology for data-driven optimised and smart manufacturing.

In 2019, SyncFab developed an innovative hardware tokenisation application using NFTs to ensure quality through the whole supply chain, originally targeted at the aerospace, defense, automotive and medical supplies industries and now expanded to all supply chains.

Through the blockchain smart contract, manufacturing and transaction data are immutably secured and verifiable between all the contracted parties involved.

Smart MFG as the building block of Industry 4.0 and Supply Chain DeFi with the MFG token ecosystem

Smart MFG is a blockchain ecosystem around the MFG token and is the leader in blockchain supply chain incentives, parts tokenisation and smart payments, in partnership with a growing blockchain ecosystem for Industry 4.0 digital transformation with IIOT (Industrial Internet of Things) for use within the manufacturing industry.

SyncFab’s blockchain-centric supply chain features are powered by the MFG token for smart payments and parts tokenisation in the supply chain for quality control, provenance and traceability.

The use case of the MFG token has an ever-growing list of utilities within the ecosystem, such as:

— Incentivises & rewards programs

— Securing smart contract POs (Purchase Orders)

— Hardware tokenisation

— Smart payments

— NFT marketplace services

— Incentivising liquidity providers

— Supply chain DeFi finance services

Smart MFG as the “secret sauce” of 3D NFTs to build the metaverse and incentivise gamers, makers, concept artists, industrial designers…

The NFT is the most recent decentralised asset enabled by blockchain, and more specifically, 3D assets are the latest breakout vertical for NFT’s. At the same time, the next evolution of the internet, the Metaverse, is in full growth mode fuelled by 3D NFTs. And it’s much more than just gaming, as the financial industry explores growth opportunities from the Metaverse by adopting it into their business models.

With a community of industrial designers and 3D artists already behind Smart MFG, the expansion into an NFT platform was a logical next step.

Smart MFG’s NFT platform is the world’s first marketplace focused on 3D NFTs for metaverse builders, gamers, industrial designers, concept artists & makers. Creators can sell licensed 3D model NFTs ready for use across the Metaverse, industrial design and manufacturing ecosystems, with an angle to become the de-facto bridge from the digital world to the physical world.

Smart MFG will connect to the leading Metaverse platforms so creators can easily use their NFT assets across these games and become the top-of-mind infrastructure provider to build the Metaverse. Industrial designers and concept artists will trust the Smart MFG NFT platform to create value for their creations through focused and innovative community-based marketing programs upon a platform that has already proven itself across the manufacturing industry.

The Smart MFG NFT platform is built upon the ground-breaking enterprise NFT innovations of supply-chain technology partner SyncFab.

MFG Token as the linchpin between supply chain DeFi, NFTs, and gaming, 3 of blockchain’s most promising opportunities

The MFG token is an Ethereum Blockchain-based token (ERC-20), that connects different stakeholders in Smart MFG’s ecosystem. The token is exclusively leveraged by Syncfab on their production platform for a variety of services like RFQ’s, POs, Smart Payments, Parts Tokenisation, etc as well as on the Smart MFG NFT platform, which will also accept Ethereum.

Smart MFG’s NFTs are not just for gaming and collectables: for the past 2 years, these NFTs have already been innovating the supply chain management. Their primary function in the supply chain is individually authenticating goods, ensuring their quality and origin. Not only does the NFT authenticate goods, but it also serves to remove counterfeits, secure traceability in products along the supply chain, and ensure uniqueness and maintain provenance.

2 years ago,  SyncFab had created the standard for NFT application to Industrial Supply Chain OEM Parts for B2B enterprise use cases and have been implementing this revolutionary technology ever since.

In summary

Smart MFG, in partnership with SyncFab, delivers a reputable holistic approach to real-world blockchain applications and use cases, by extending the avant-garde NFT innovations from Industry 4.0 and supply chains to the creative and 3D digital spaces of Metaverses, gaming, and industrial designs.

This enables a suite of unrivalled supply chain DeFi blockchain payment for network services and rewards as well as incentive opportunities to be delivered in parallel to the burgeoning yet explosive new use cases for NFTs and gaming.