SyncFab MFG Token (MFG) 白皮书.pdf

Decentralized​ ​Manufacturing Creating​ ​the​ ​world’s​ ​first​ ​peer-to-peer​ ​manufacturing supply​ ​chain​ ​and​ ​incentivized​ ​token​ ​system​ ​adapted​ ​for public​ ​and​ ​private​ ​blockchains V10​ ​-​ ​November​ ​10,​ ​2017 “The​ ​best​ ​way​ ​to​ ​predict​ ​the​ ​future​ ​is​ ​to​ ​create​ ​it.” ​ ​-​ ​Peter​ ​Drucker,​ ​Next​ ​Generation​ ​Manufacturing Table​ ​of​ ​Contents Regulatory​ ​Strategy 5 Abstract 5 1.0​ ​Industrial​ ​Revolution​ ​4.0​ ​Where​ ​Manufacturing​ ​Technology​ ​Meets​ ​Global​ ​Demand 6 1.1​ ​SyncFab’s​ ​Contribution​ ​to​ ​the​ ​Industrial​ ​Revolution​ ​4.0 7 2.0​ ​Braving​ ​the​ ​Burdens​ ​of​ ​Today’s​ ​Manufacturing​ ​Processes 10 2.1​ ​High​ ​costs​ ​related​ ​to​ ​procurement​ ​brokers​ ​and​ ​agents​ ​when​ ​sourcing​ ​materials 11 2.2​ ​High​ ​minimums​ ​for​ ​production​ ​because​ ​of​ ​time​ ​spent​ ​on​ ​finding​ ​the​ ​right manufacturing​ ​suppliers.​ ​Data​ ​regarding​ ​perance​ ​track​ ​record,​ ​quality,​ ​and​ ​size​ ​of contracts​ ​between​ ​purchasers​ ​and​ ​manufacturers​ ​remain​ ​in​ ​silos. 11 2.3​ ​Difficulty​ ​seeing​ ​manufacturer​ ​capacities​ ​and​ ​capabilities​ ​to​ ​achieve​ ​economies​ ​of​ ​scale within​ ​the​ ​supply​ ​chain 12 2.4​ ​Difficulty​ ​tracking​ ​progress​ ​along​ ​the​ ​supply​ ​chain​ ​when​ ​purchasers​ ​and manufacturers​ ​confront​ ​delays,​ ​or​ ​need​ ​to​ ​resolve​ ​problems​ ​in​ ​real-time​ ​throughout​ ​the production​ ​process 13 2.5​ ​Loss​ ​in​ ​labor-hours​ ​to​ ​inefficient​ ​procurement​ ​processes 13 2.6​ ​Security​ ​concerns​ ​about​ ​protection​ ​of​ ​intellectual​ ​property 14 3.0​ ​SyncFab’s​ ​Pathways​ ​​ ​to​ ​Decentralized​ ​Manufacturing 15 3.1​ ​Re-shaping​ ​supply​ ​chain​ ​management​ ​through​ ​a​ ​public,​ ​direct​ ​peer-to-peer​ ​P2P manufacturing​ ​ecosystem 15 3.2​ ​Incentivizing​ ​Change​ ​in​ ​Supply​ ​Chain​ ​Management 16 3.3​ ​Smart​ ​Manufacturing​ ​Blockchain 17 3.4​ ​Smart​ ​Contracts​ ​for​ ​Transparent​ ​Procurement​ ​Processing 19 3.5​ ​Smart​ ​Business​ ​Model​ ​for​ ​Decentralized​ ​Supply​ ​Chain​ ​Management 19 4.0​ ​MFG​ ​Utility​ ​Token​ ​Incentivizing​ ​Blockchain​ ​Buy-in 21 4.1​ ​Incentivizing​ ​the​ ​Manufacturer​ ​Bidder 22 4.2​ ​Workflow​ ​for​ ​Purchaser​ ​Bids​ ​on​ ​Smart​ ​Manufacturing​ ​Blockchain 23 2/63 4.2.1​ ​Tiered-Rewards​ ​for​ ​Bids 24 4.3​ ​Incentivizing​ ​the​ ​Purchasers 24 4.4​ ​Workflow​ ​and​ ​Distribution​ ​for​ ​Manufacturers 25 4.5​ ​Transaction​ ​Fee 26 4.6​ ​More​ ​Potential​ ​Uses​ ​for​ ​MFG​ ​Tokens​ ​Future​ ​Builds 26 4.7​ ​MFG​ ​Economic​ ​Model 26 4.8​ ​Loyalty​ ​Pool​ ​Transaction​ ​Turnover 27 5.0​ ​Technical​ ​Overview 28 5.1​ ​SyncFab​ ​Plat​ ​Web​ ​2.0 28 5.2​ ​Example​ ​of​ ​Parts​ ​Procurement​ ​Workflow​ ​Using​ ​SyncFab​ ​2.0 29 5.3​ ​SyncFab​ ​Plat​ ​Web​ ​3.0​ ​and​ ​the​ ​DApp​ ​Decentralized​ ​Application​ ​Smart​ ​Contracts and​ ​Smart​ ​Manufacturing​ ​Blockchain​ ​Planned​ ​Build-Out 31 5.3.1​ ​Identity​ ​Contract 32 5.3.2​ ​Purchase​ ​Order​ ​Contract 32 5.3.3​ ​Payment​ ​Contract 32 5.3.4​ ​Account​ ​Contracts 32 5.3.5​ ​Insurance​ ​Contract 33 5.3.6​ ​Production​ ​Contract 33 5.4​ ​Example​ ​of​ ​Smart​ ​Contracts​ ​Procurement​ ​Transaction​ ​Workflow 33 5.5​ ​More​ ​Streamlining​ ​of​ ​Procurement​ ​and​ ​Transaction​ ​within​ ​SyncFab​ ​Features 35 5.6​ ​Example​ ​of​ ​Decentralized​ ​Procurement​ ​Transaction​ ​Workflow 36 5.7​ ​Premium​ ​Features​ ​Planned​ ​for​ ​Future​ ​SyncFab​ ​DApp​ ​Future​ ​Build-Outs 37 5.7.1​ ​Application​ ​Program​ ​Interface​ ​API 37 5.7.2​ ​Machine​ ​Data​ ​Feed 37 5.7.3​ ​Public​ ​Data​ ​Feed 38 5.7.4​ ​Connection​ ​to​ ​Logistics​ ​Providers 38 6.0​ ​Competitive​ ​Analysis 39 7.0​ ​Roadmap 41 3/63 7.1​ ​Milestones 41 7.2​ ​Funding​ ​Roadmap 43 8.0​ ​MFG​ ​Token​ ​Distribution​ ​Launch 44 8.1​ ​Token​ ​Distribution​ ​Event 44 8.2​ ​Bonus​ ​Incentives 45 8.2.1​ ​Industrial​ ​Revolutionary​ ​ETH​ ​500​ ​Presale 45 8.2.2​ ​Hardware​ ​Innovators​ ​Exclusive​ ​Presale 45 8.2.3​ ​Public​ ​Presale 45 8.2.4​ ​Main​ ​Public​ ​Sale 46 8.3​ ​Token​ ​Distribution​ ​Plan 46 8.4​ ​Partnership​ ​Adoption​ ​Pool 48 8.5​ ​Funding​ ​Breakdown 48 8.6​ ​MFG​ ​Token​ ​Distribution​ ​Smart​ ​Contract 50 8.7​ ​Reference​ ​Ethereum​ ​Smart​ ​Contract​ ​Standard 50 9.0​ ​Risk​ ​Factors 51 10.0​ ​Team 53 10.1​ ​Smart​ ​MFG​ ​Tech​ ​LTD 53 10.2​ ​SyncFab​ ​Team 54 10.3​ ​Advisory​ ​Board 59 11.0​ ​Changelog​ ​-​ ​White​ ​Paper​ ​Versions​ ​improveefficiency; and​ ​increase​ ​scalability​ ​and​ ​security. Demand for services that support this potential global exchange of data, and its transactionofbothdataandcontractsbetweenbusinessesfueltheexpansionofthe Internet​ ​of​ ​Things​ ​IoT​ ​and​ ​the​ ​Industrial​ ​Internet​ ​of​ ​Things​ ​IIoT. 6/63 As​ ​an​ ​industry​ ​leader​ ​said “The Internet of Things has already set in motion the idea of a fourth industrial revolutiona new wave of technological changes that will decentralize production control​ ​and​ ​trigger​ ​a​ ​paradigm​ ​shift​ ​in​ ​manufacturing.” 11.1​ ​SyncFab’s​ ​Contribution​ ​to​ ​the​ ​Industrial​ ​Revolution​ ​4.0 SiliconValley-basedSyncFabaimstoharnesstechnologiesandconnectwiththe IoTandtheIIoTtoprovidepurchasersandmanufacturerswithhighqualitydata that​ ​would​ ​streamline​ ​processes​ ​along​ ​the​ ​supply​ ​chain. Connecting purchasers with manufacturers in the IIoT through its business-to-business B2B SaaS ecosystem, SyncFab creates a public, peer-to-peer ecosystemwhereby purchasers canfindcompanies capableof advanced machining of on-demand precision parts production and engage participantspassionateaboutimprovingefficienciesinthesupplychain.While thegovernmentbuilttheInternetARPANET, SyncFabbelievestheIIoTwillbe builtcollaboratively, throughpublic-privatepartnershipsofwhichSyncFabhas ed.Suchcross-sectorpartnershipswillcollectandcombinebestpractices and​ ​share​ ​wisdom​ ​from​ ​multiple​ ​perspectives. Inventors, innovators, and designers enter aninteractive, cloud-basedportal where a growing network of certified machine shops and advanced manufacturingfacilitiesaremappedbyseveralcriteria,suchas,whoislocaland clean.​ ​ 2With SyncFab’s curatedandadaptiveservices, companies attemptingtoshift theirmanufacturingprocessestohigh-techsmartfactories,andthoseexploring ways to optimize their “cost-to-serve” process lowering overhead costs per 1​ ​“The​ ​Internet​ ​of​ ​Things​ ​and​ ​the​ ​future​ ​of​ ​manufacturing​ ​|​ ​McKinsey​ ​....“ http// ​Accessed​ ​3​ ​Sep.​ ​2017. 2​ ​“ISO​ ​50001​ ​Energy​ ​Management​ ​Standard​ ​|​ ​Department​ ​of​ ​Energy.“​ ​​https//energy.gov/ISO50001​. Accessed​ ​3​ ​Sep.​ ​2017. 7/63 customeraccount canfindsolutionssuchassourcing,trackingandorganizing precision​ ​parts​ ​production​ ​and​ ​improved​ ​procurement​ ​systems. Arecent report foundthat U.S. companies spentanestimated20billionin 2012,andareforecastedtospendapproximately500billionby2020onsmart technologies. 3Inthe2016Forbes’ Manufacturer Outlook, 32of companies surveyedsaid theircorporatestrategylargelyreliesonintegratedtechnologiesviatheIIoT.See Chart​ ​Putting​ ​Technology​ ​in​ ​the​ ​Supply​ ​Chain. 4These​ ​forward-looking​ ​companies​ ​are​ ​the​ ​customer​ ​base​ ​for​ ​SyncFab’s​ ​services. Essential toSyncFab’s Smart ManufacturingBlockchainwill betheuseofthe MFGUtilityToken,afirstofit skindtoincentivizecommunityuserstoembrace blockchaintechnology. Coretotheblockchain’sadoptionisasharedsenseof trustbetweenpurchasers,developersandmanufacturersbuiltonapublicand more transparent supply chain system, where small to medium-sized manufacturerscanaccessablockchainandbeasupplierinspaceswherethey are​ ​currently​ ​obscured. Forexample,tocompensateforworkdoneonRFQscreatesmoreresponsesto the just-in-time needs of supply chain purchasers and buyers. Purchase managers cut through trust issues and delays with blockchain’s inherent transparency​ ​into​ ​cost​ ​and​ ​quality​ ​control. With the MFG Token’s launch, SyncFabserves as anearly adopter, protocol developer and integrator of Smart Contracts into the manufacturingsupply chainblockchain.TheMFGTokenwillbeutilizedfirstlyonSyncFab,secondlyon SyncFab ssoontobedevelopedSmartManufacturingSmartContractEthereum Blockchainandultimatelyadoptedbynewandemergingpartnermanufacturing supplychainblockchainsusingSyncFab sdevelopedblockchainsmartcontract 3​ ​“Defining​ ​And​ ​Sizing​ ​The​ ​Industrial​ ​Internet​ ​-​ ​Wikibon.“27​ ​Jun.​ ​2013, http//wikibon.org/wiki/v/Defining_and_Sizing_the_Industrial_Internet​.​ ​Accessed​ ​10​ ​Sep.​ ​2017. 4​ ​“Global​ ​Manufacturing​ ​Outlook​ ​-​ ​KPMG.“ https// ​Accessed​ ​3​ ​Sep.​ ​2017. 8/63 protocolsortheirownwiththeindustry sfirstMFGTokenSmartContract-based incentive​ ​mechanism. TheMFGTokenwill beintegratedontheSyncFabplatwhichhasastrong network launchpad built out from public-private partnerships. Though it’s designedtoserveapublic, peer-to-peer SmartManufacturingBlockchain, it’s utilityisdesignedtobecomplimentarytothirdpartystandalonesolutions,such asthosefuturesupplychainblockchainswhicharemoreinward-looking,private enterprise​ ​based​ ​supply​ ​chain​ ​blockchains. Figure​​ ​​1​ ​Putting​ ​Technology​ ​to​ ​work​ ​in​ ​the​ ​supply​ ​chain. 55​ ​“Global​ ​Manufacturing​ ​Outlook​ ​-​ ​KPMG.“ https// ​Accessed​ ​3​ ​Sep.​ ​2017. 9/63 Theshiftinbusinessstrategywithintherevolutionisdrivenbycompaniesand manufacturers alike to streamline an efficient procurement and production process​ ​to​ ​reduce​ ​overhead​ ​costs​ ​and​ ​increase​ ​revenue. 2.0​ ​Braving​ ​the​ ​Burdens​ ​of​ ​Today’s​ ​Manufacturing Processes Industrial manufacturing in the U.S. steadily rose, with growth forecasted at 5 compoundedannuallyinto2018. In2014,anestimated 1.4trillioninexportedgood