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Manufacturing Blockchain ®

Distributed Ledger Technology (DLT) for Upstream Manufacturing Supply Chains

MANUFACTURING BLOCKCHAIN ® USPTO
Registered Trademark Serial # 87920879
Non-Provisional Patent Pending 16/918,571

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The Leaders in Blockchain Development for the Manufacturing Industry

SyncFab is the industry pioneer building blockchain technology for digital transformation of the space, aerospace & defense, automotive and medical manufacturing industries since 2017.

SyncFab combines the efficiencies of digitally distributed manufacturing with distributed ledger blockchain technology. Manufacturing Blockchain ® refers to the upstream segment of the supply chain supporting prime manufacturers that assemble finished goods.

Early generations of blockchain did not support industrial applications effectively, owing to limited developer understanding of elaborate manufacturing engineer workflows and complex industry standards. SyncFab has architected blockchain applications specific to the needs of manufacturing (Manufacturing Blockchain) borrowing from the core feature functionality at its core combined with the superior cybersecurity of protocols at scale. SyncFab is currently developing its own protocol specific to the same industry workflows for later release once industry adoption is further progressed to ensure the same level of continued bullet proof cybersecurity. SyncFab’s future protocol optimizes network scalability, interoperability and processing speed to match industry workflow.

The recent launch of blockchain as a service (BaaS) is also helping to smooth the path toward implementation of blockchain in the factory. Traditional blockchains are self-managed, meaning that a company must customize the database’s capabilities (for example, how it manages cryptographic keys) and organize the hosting of the nodes either locally or in the cloud. BaaS offers the same features as a self-managed blockchain (such as security for critical data) and adds tools that facilitate management and deployment at scale. For many manufacturers, especially those with resource-constrained technology teams, using BaaS will be easier than implementing a self-managed blockchain.

Blockchain Process Image

Upstream supply chain refers to everything that comes into your company from suppliers – such as raw materials, components and precision parts – used by your company to produce something. It also defines the relationship and information flow between your company, your suppliers, and your suppliers’ suppliers.

To ensure trust among manufacturing value chain participants, manufacturers have traditionally relied on strong supplier relationships, independent quality audits, Six Sigma practices and extensive documentation. Unfortunately, these practices typically entail high costs, known as a trust tax. By ensuring trust more efficiently—in addition to conferring other benefits—blockchain reduces the need for these expensive approaches.

Upstream

Manufacturer's Supply Chain

Downstream

Customer's Supply Chain
N Tier 2 Icon
N-Tier 2+ Suppliers
3rd Party Icon
3rd party logistics and material suppliers
Tier 1 Icon
Tier 1 Suppliers
Manu OEM Icon
Manufacturer or OEM
Distributor Icon
Distributor
Customer Icon
Customer
After market Icon
After market warranty and maintenance
arrows upstream and downstream

Upstream

Manufacturer's Supply Chain
N Tier 2 Icon
N-Tier 2+ Suppliers
3rd Party Icon
3rd party logistics and material suppliers
Tier 1 Icon
Tier 1 Suppliers
Upstream arrow
Manu OEM Icon
Manufacturer or OEM

Downstream

Customer's Supply Chain
Distributor Icon
Distributor
Customer Icon
Customer
After market Icon
After market warranty and maintenance
Downstream arrow

Upstream VS. Downstream

Upstream Supply Chain refers to the production value chain of raw material and component suppliers that support prime manufacturer production lines. Downstream Supply Chain refers to the selling segment of the finished product when it leaves the manufacturer for sales distribution, after-sales maintenance servicing and recycling.

Further Description

Upstream refers to everything that comes into your company from suppliers (usually raw materials) and used by your company to produce something. It also defines the relationship and information flow between your company, your suppliers, and your suppliers’ suppliers.

Downstream refers to everything that goes out of your company after the production cycle. Usually goods ready to sell. It also defines the processes required in order for your produced goods to reach the customers in an efficient manner (time, cost etc.)

Supplier Verification

Automate the validation and onboarding of supplier credentials to eliminate time-consuming manual processes and reduce the risk of fraud and error. Use SyncFab to improve management of suppliers based on regulations and compliance requirements in a way which eliminates redundancies driving efficiencies for buyers and suppliers for frictionless connectivity across supply chains. Traditional methods of managing suppliers often involve cumbersome manual processes, which make it difficult to verify identities and track documents like ISO certifications, bank account information, tax certifications, and certificates of insurance throughout the lifecycle of a supplier. Use SyncFab to connect existing procurement networks by relaying necessary supplier data required for exchanging purchase orders and invoices, without the need for suppliers to enter it in multiple different networks. A buyer on the network can request information access to a supplier. Once a supplier approves the request and provides permission, the buyer can access the supplier’s data, validate it against data provided by third party verifiers directly onto the suppliers’ network profiles and then onboard them.

Supplier RFQ Blockchain Incentives & Data Sharing Rewards

Speed up your global supply chain using the MFG Token® for Smart Payments and Incentive Rewards. MFG Tokens® can be used to create custom rewards and compensate manufacturers for time and accuracy put into competitive tender bids. The MFG Token® can both streamline your supply chain and offer greater security and accessibility for your growing business and its diverse stakeholders. Smart Contracts can automate payments based on custom triggers, like goods arriving or passing inspection. Each party can trust the payment verification mechanism, as they can trust blockchain – the underlying technology that records each transaction. Build incentives for collaboration and speed into your manufacturing supply chain with the MFG Token® supported by SyncFab.

Procurement Purchase Order Management

Order validation and approval, invoice processing, multi-way matching and the entire request-to-receipt process could be radically enhanced through the application of blockchain in procurement. Any change at any part of the process will automatically create an exception reducing the total time to completion and permitting much greater automation of transactions.

Production Parts Approval Process

International quality standards for manufacturing continue to increase and many industrial companies are requiring that their suppliers use PPAP, which stands for production part approval process. Created and utilized first by the automotive industry, PPAP is a risk identification and mitigation process used to provide evident to the customer that there is a reliable and repeatable process. PPAP helps to ensure better communication between a customer and supplier in hopes that there will be fewer turnbacks and revisions to the product or process.

Procurement Audit

Current procurement in the supply chain process presents multiple inefficiencies related to security in transactions, tedious exchanges of information, duplication of activities in verification, delays in payments and lack of knowledge about the real provenance and conditions of the products. Blockchain DLT is increasingly the most efficient mode of procurement activity recordkeeping processes, including the way transactions are initiated, processed, authorized, recorded and reported.

Key Supply Chain Challenges Syncfab addresses with Blockchain Middleware Solution

Key Supply Chain Challenges Image

Why SyncFab?

Contain costs, boost productivity and increase profitability with SyncFab game-changing business solutions. Blockchain’s technical features provides superior trust, automation, security and resilience over traditional databases.
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Case Study

Blockchain Platform for Manufacturing 4.0

Connecting distributed manufacturing resources: A blockchain-based platform facilitates interactions between buyers and manufacturers with smart contracts to streamline production processes and tokens to provide incentives for participants
VIEW CASE STUDY

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