San Leandro, California — January 30, 2020 — SyncFab, an industry-leading OEM Parts procurement and supply chain blockchain technology company today announced that it has joined Mobility Open Blockchain Initiative (MOBI) — a global consortium of industry-leading automakers, technology-based startups, and other mobility players.
As a member of MOBI, SyncFab will collaborate with industry leaders in pursuit of the creation of a minimum viable ecosystem that aims to standardize blockchain and related technologies to bring transparency and trust to the industry, consumers, and communities and reduce frictions and transaction costs in mobility. Led by a team of industrial supply chain technology practitioners in Aerospace, Automotive and ERP — SyncFab is a lead industry pioneer developing Blockchain applications for Decentralized Precision Manufacturing Supply Chain Management.
“SyncFab is pleased to be working with MOBI,” said Jeremy Goodwin, CEO of SyncFab. “Development and application of Blockchain solutions specific to the challenges faced by the Automotive Manufacturing Supply Chain is a vast space requiring genuine industry focus and expertise for which we are excited for the opportunity for SyncFab and MOBI to collaborate in advancing the future of Blockchain in the Automotive Industry.”
With over 100 member companies and growing, MOBI is collaborating with a wide variety of players in the mobility and blockchain space. We are working with many of the world’s largest automakers and mobility ecosystem players, along with numerous start-ups, nonprofits, governments, transit agencies, and technology companies. By working together, we can make mobility services more efficient, affordable, greener, safer and less congested.
MOBI is a nonprofit foundation formed to accelerate the adoption and to promote standards in blockchain, distributed technologies for the benefit of the mobility industry, consumers, and communities. MOBI and our partners are creating simple, standard and digital ways of identifying cars, people, and trips, of paying for mobility services, and securely exchanging and monetizing data in ways that preserve property rights and privacy.
MOBI is an open, inclusive body that acts as a ‘trusted convened’ and partner to entities in the emerging ecosystem of pay for use, on demand, connected, and increasingly autonomous mobility services. MOBI itself is technology and ledger agnostic. For additional information about MOBI visit www.dlt.mobi.
SyncFab is where OEM Parts Buyers GET MADE and Parts Suppliers GET PAID.
SyncFab helps Aerospace and Automotive OEM Purchase Managers stay on top of their demanding production schedules while shaving their parts procurement costs as much as half off benefiting from a vetted full range manufacturing capabilities network of 1000s of suppliers. SyncFab’s network precision machining capabilities include multi-axis milling and turning, routing, waterjet, laserjet, EDM, Electron Beam Welding, punching, cutting, shearing and finishing services including anodyzing, coating, plating, polishing and more.
SyncFab also works with OEM IT Departments whose aim is to secure more of their supply chain data with blockchain for ERP module and internal reporting system integration. OEM IT Departments can use their procurement activity blockchain records SyncFab generates to complete a Turnkey Supply Chain Blockchain Proof of Concept, Custom Use Case Pilot or Program Implementation. Furthermore — SyncFab’s patent pending parts procurement tokenization solution can be used to mitigate product fraud — isolate recall cost and time using blockchain track and trace feature technology at a fraction of the cost. Finally, OEM IT and Financial departments can partner to use the industry first MFG Manufacturing Token to create custom smart contract and supplier incentive programs such as RFQ and data sharing rewards.
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