Future-Proof your Supply Chain with SyncFab

Supercharge your supply chain resilience through digital transformation with Blockchain DLT

SyncFab Game-Changing Business Solutions

Digital Manufacturing Procurement

Parts Procurement
RFQ Bid Processing, Supplier Response Incentive Rewards Program
Parts PLM For Part Revision Management
Secure Documents Management, Chain of Custody Single Source of Truth for
Supplier Management Modules
Supplier Verification, Data Mobilization Incentive Programs, Production Status Updates

N-Tier Supply Chain Risk Management

Procurement Supply Chain Audit Compliance

ITAR, QMS, DFARS

Parts Pedigree

Parts Tokenization for: Provenance, Anti-Counterfeiting, Ownership Transfer

Parts Track and Trace

Parts Tokenization for Track and Trace

Imagine…

Isolating recalls in the supply chain to just those directly affected with verifiable certainty.

Parts inventorying with greater accuracy

Complete confidence that only the latest version of parts are being produced.

Assurance that all parts have been produced in accordance with
ITAR/ISO standards.

Eliminating disagreements with a single source of truth.

The Old Way

Using SyncFab

Tier 1 ERP/PLM Limited Supplier Procurement

Multi-Tier Supplier Savings Accessibility with ERP/PLM Compatibility

ERP Manual Data-Entry Parts Intake

SyncFab Digital Parts Inventorying

ERP Relationship QCM and RFQ Turnaround

Smart Contract Trust and Responsiveness

Blockchain DLT Feature Functionality

Highest Form of Supply Chain Network Security Available

Immutable Audit Trail

Supply Chain Traceability

Breaking Down Blockchain's Benefits

Blockchain’s technical features provide four key advantages over traditional databases:

Trust

Because the network validates every transaction, the blockchain holds a single version of the truth that all participants can trust.

Security

Cryptographic signatures, automated verification and decentralized storage make it virtually impossible for external parties to modify the ledger or delete data, thus securing it indefinitely. Although users can append data to a blockchain, they cannot otherwise alter the ledger.

Automation

A blockchain ledger lets network participants set up a wide range of self-executing agreements, contracts and escrows (known as smart contracts), thereby automating repetitive processes, such as billing and shipping. A blockchain can execute any contract triggered by measurable conditions—for example, equipment performance or on-time delivery of goods.

Resilience

Because the database is distributed across multiple locations in the network, the blockchain can continue to operate even if part of the network fails. And if a party leaves a network, none of the data it has posted on the blockchain will be lost.

Why Blockchain Not Database?

Decentralized Vs. Centralized Databases
Decentralized
Centralized
Blockchain

(self- managed or BaaS)

Central
ledger database
No SQL database Relational
database

Example

Hyperledger Fabric,
Amazon Managed Blockchain
Amazon Quantum
Ledger Database
MongoDB
Microsoft SOL Server
Immutable

Yes

Yes

Not by default
Not by default
Trust
Guaranteed
Guaranteed, but
relies on central party
Not guaranteed
Not guaranteed
Processing speed
High
Medium
High
Very High
Ease of
Implementation
Moderate to difficult
Moderate
Moderate
Easy
Best use
Storing and sharing critical
data input by multiplel
parties
Storing and sharing critical
data input by multiple
parties, but fewer use
cases than blockchain
Storing very high volumes
of loT or other data for
advanced analytics and
Al applications
Flexible storage structured
data typically owned and
used by a single entity

Enable And Accelerate Digital Transformation

Digital Vs Paper Traceability And Authentication

For Sovereign Audit Records we generate per part transaction, for Part Inventory and Recall Tracking Accuracy on Blockchain attached via our platform vs. conventional paper-based envelopes passed tier to tier for packet upload into OEM legacy ERP (integration of the two is part of the roadmap).

Accelerating Supplier Qualification

Legacy ERP databases close the procurement cycle to more timely production network capacity utilization savings opportunities we are opening up using blockchain as we push for authenticating suppliers on the blockchain (integration is part of the roadmap).

Incentivizing Sharing Of Siloed Data

Databases do not provide this critical input to power the AIs of future smart manufacturing algorithms.

Smart Contracts

Applying untethered shared data in the context of evolving Blockchain Smart Contracts to tighten and accelerate conditional procurement agreement fulfillment. This disrupts the idea of a traditional Database with a Dynamic Database.

Security

Blockchain Consensus Security is recognized by OEM executives as far superior to convention IT firewall, password, MFA which is viewed as the weakest cybersecurity link of any industry is supply chain illustrated by recent supply chain hacks of major Aerospace and Defense companies.

Level of security offered by blockchain solutions in comparison to conventional IT solutions

Overwhelmingly, respondents feel that blockchain-based solutions provide greater security than traditional approaches.

Survey Question: Do you believe that a blockchain-based solutions is currently more secure, less secure, or at the same level of security as systems build from more conventional informations technologies?

More secure
0%
Same level
0%
Less secure
0%
Not sure
0%

N=1,386 (global enterprise).
Source: Deloitte’s 2021 Global Blockchain Survey

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