UK-based Manufactory has announced the start of a private token sale for an interactive, decentralized blockchain model manufacturing ecosystem, creating intelligent manufacturing systems that work within any enterprise, regardless of size or factory production needs. Designed to solve problems related to data management in the manufacturing space that stifle productivity, the Manufactory project is poised to maximize production capacity globally.
Manufacturers today face issues related to supply chain management, quality control, process efficiency, capacity planning, machine health monitoring, energy usage, and system flexibility, among other factors that play a standard role in manufacturing. All of these potential pain point areas have the ability to significantly obstruct or decrease production, and ultimately, profitability.
Industry 4.0 and Industrial Internet of Things (IIoT) techniques now exist to mitigate problems in manufacturing. A term that was first introduced in Europe in 2011, Industry 4.0 refers to the cyber physical systems that are now available to enhance and optimize manufacturing operational capacity.
Industry 4.0 automation and data management trends offer added flexibility and speed for data management options, leading to quicker processes and improved capacity. However, Industry 4.0 technique adoption rates are poor throughout manufacturing. Despite the clear benefits of 4.0 practices, high cost and massive process redesign requirements remain a deterrent.
The Manufactory ecosystem was created to facilitate the adoption of Industry 4.0 and IIoT techniques, allowing manufacturers to easily integrate modern, cloud-based and IIoT data management throughout their supply chain and quality management. Using proven blockchain features such as decentralization, immutability, and transactional transparency, Manufactory enables interconnected data management through a system that comprehensively supports supply chain and digital identities across a range of manufacturing needs.
Manufactory accomplishes this through the use of decentralized applications (dApps) that can be created and customized by users to harness and distribute data from Intelligent Manufacturing Systems.
The project is headed by an expert team of blockchain entrepreneurs and leading industry experts, working in collaboration to build a disruptive solution that is both efficient and effective throughout the global marketplace. For example, Manufactory CEO Ben Bartholomew brings a background in engineering and cutting edge manufacturing technology and innovation, having worked at a variety of UK entreprises over his 26 year career, in everything from production to executive roles.
Bartholomew states, “I have been in manufacturing all of my career and have worked at some of the most prestigious companies in the sector. But for over a decade I have had an ambition to build a factory that can adapt and think on its feet in the blink of an eye. The emergence of Blockchain and smart contract technology finally enables us to build those conscious factories. Russell, myself and the team are proud to announce the launch of the embodiment of that dream, Manufactory.”
Manufactory is built on an Ethereum utility token, with a soft cap of $3.6 million and a hard cap of $18 million. With a private token sale that launches on November 1, 2018 and will run through April 1, 2019, as well as a pre-ICO scheduled for January 21, 2019, Manufactory’s MFR token is available prior to the ICO Main Sale start date of April 1, 2019.
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