SyncFab Blockchain Manufacturing Pioneers Setup in Blockchain Capital of Wyoming

SILICON VALLEY, CA / ACCESSWIRE / June 11, 2018 / SyncFab, the first and leading manufacturing blockchain solutions provider, has shared many recent developments on important milestones. These include an expansion to Wyoming to participate in the future US Blockchain Capital’s pioneering blockchain legislation. A development closer to home was a meeting with the Vice Mayor of the City of Berkley, Ben Bartlett.

In addition to continued support from the blockchain community, SyncFab has led the mission of educating the manufacturing industry on how the integration of blockchain solutions with manufacturing supply chains can open new avenues for growth and collaboration. The company continues to work towards building new inroads through regular publications on the topic.

The initiative dovetails CEO Jeremy Goodwin’s recent meeting with the vice mayor and organizer of the Berkley Blockchain Municipal Bond program, Ben Bartlett. They reviewed how Berkeley plans to use blockchain to aid the creation of micro bonds that support municipal works projects alongside which SyncFab summarized efforts to use blockchain technology and the MFG token to incentivize local manufacturing supply chains. A cooperative framework was not immediately reached although clear synergies underpin any exploratory discussions which may follow.

Keeping in line with shifting industry indicators, the Silicon Valley company setup in the State of Wyoming, the newly-minted Blockchain Capital of the US. By satisfying local filing requirements, SyncFab’s innovations could find growth under the state’s new blockchain-friendly regulations that are set to come into effect starting July 1st.

As Bloomberg reported on the state’s pioneering legislation, “Governor Matt Mead signed sweeping legislation in March that makes limited liability corporation laws friendlier to blockchain companies, enshrines ‘open blockchain tokens’ – also known as ‘utility tokens,’ a type of digital currency that can be redeemed for goods and services – as an asset class.” SyncFab’s innovative MFG token falls into this category.

SyncFab has also updated its privacy policies to reflect compliance with Europe’s new General Data Protection Regulation (GDPR). Despite having no formal requirements to implement these changes in the US, the company has made internal decisions to improve user privacy protection both on the SyncFab platform and website.

Additionally, the company announced June 30th as the official token sale claim cutoff date. After this date, unsold tokens will be burned as the team focuses on the operations upgrades outlined in the SyncFab white paper and roadmap. Purchasers with unclaimed tokens are directed to contact Support.

About SyncFab

Founded and headquartered near Silicon Valley, SyncFab is an active provider of best-in-class low-cost solutions to supply chain buyers and domestic manufacturers. SyncFab began as an online Design-For-Manufacturability platform evolving to a business-to-business supply-chain and IoT Machine Learning Data mobilization platform matching industrial parts purchasers with a growing network of machine shops and advanced manufacturing facilities mapped by who is local and who is clean – a ISO 50001 US DOE certification for efficient energy management. SyncFab’s state-of-the-art B2B ecosystem enables sustainable local advanced manufacturing economy by allowing buyers to procure, manage and track parts production online, making local production faster and more efficient rendering the procurement bidding process more transparent through the power of the internet, blockchain and online payment. SyncFab’s customers include top 50 industrial manufacturers in the Northern California area. SyncFab collaborates with federal and municipal government initiatives in public-private partnerships to advance civic innovation and economic development.

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SyncFab revolutionizes manufacturing by connecting buyers directly to hardware manufacturers. Through the Smart Manufacturing Blockchain, purchasers and manufacturers will be able to streamline the procurement and supply chain processes, protect intellectual properties, source, and track parts production in real time and on- demand.

CONTACT:

Irene Johnson, ThronePR
Irene@thronepr.com

SOURCE: SyncFab via Submit Press Release 123

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