By the SyncFab team
The past few months have been filled with excitement and productivity as the team has been very active with the build and soft release of the new SyncFab 3.0 DApp and refinement of the patent-pending SyncFab Manufacturing Blockchain™ workflow architecture for integration with the new 3.0 DApp. The industry has taken notice as SyncFab is now in discovery talks with several industry leaders about the test use of our manufacturing blockchain for consideration within their vast organizations.
SyncFab DApp 3.0 Soft Release
In late January, the SyncFab 3.0 DApp was brought online for soft release to new commercial buyer prospects. The SyncFab 3.0 DApp was completely rebuilt on an entirely new technology stack overhauled to better conform to the speed and specification requirements of the ongoing blockchain architecture buildout for which we have received positive feedback from test users. This new decentralized application was launched alongside our internal procurement management system for increased efficiency in working with clients and processing orders at greater speed. With this deployment, all documents relevant to an RFQ and PO are organized and stored in a single interface with PO milestones logged to the blockchain.
Successful Completion of Commercial End-to-End Buyer-Supplier Transaction on the Manufacturing Blockchain™
Phase One of SyncFab’s Manufacturing Blockchain™ MainNet was integrated to replace the TestNet upon the soft release launch of the 3.0 DApp. The first few months were so action-packed for the team that we did not yet have the chance to share the exciting news: our first round of successful end-to-end completed commercial purchase order transactions on our Manufacturing Blockchain™. The first phase of SyncFab’s Manufacturing Blockchain™ is based on a hybrid of the Ethereum Blockchain and Hyperledger Fabric technology. The public/private hybrid blockchain model allows users the flexibility to choose the approach that best meets their requirements with regard to security and speed, conforming also in nature to the spirit of our public-private partnerships with Federal Smart Manufacturing and Municipal Smart City economic development initiatives to accelerate supply chain connection and digital transformation adoption.
The TestNet to MainNet transition initially was for integration with the existing procurement platform technology stack architecture and subsequently for the 3.0 DApp soft release. Where the 2.0 platform was regional in focus, the 3.0 blockchain is national and beyond with plans for global expansion as part of our partnership with C Block Capital and additional partnership mandates as they emerge.
Phased Deployment of the patent-pending SyncFab Manufacturing Blockchain™
February saw additional upgrades of the Hyperledger system being tested and deployed. In the second part of February, we completed a planned phase of development that includes automatic quote expiration and added all relevant line items to the quote page. In addition, we updated the PO pages of the DApp with payment status and enabled a platform error monitoring system.
In March, we’re in the process of implementing an overhaul of our supplier onboarding process to eliminate unnecessary paperwork in the status quo, while allowing suppliers to share drawings faster and easier than before. Additionally, we’re upgrading the MFG Wallet to allow for the creation of unique user addresses within the SyncFab Manufacturing Blockchain.
In a subsequent update, we’ll cover what what’s planned for the 3.0 DApp hard release which we’re all very excited about! Stay tuned for our upcoming Q1 Update and subsequent Q2 Roadmap Outlook updates right around the corner!
Revolutionizing Manufacturing with Blockchain
SyncFab is a distributed manufacturing platform founded and headquartered near Silicon Valley that streamlines the way OEM hardware supply chain buyers procure, manage, and track precision parts production securely using blockchain technology. Learn more about how SyncFab benefits manufacturers.
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