Even as the Industrial IoT continues to make major gains in improving manufacturing yields, improving safety, and advancing the quality of everything from kitchen appliances to connected cars, medical devices, consumer electronics and more, the CEO of SyncFab, Jeremy Goodwin, sees the potential of enterprise blockchain to make it all work as literally key.
“The convergence of blockchain and IoT technology has captured the interest of mechanical engineers working with software engineers, and supply chain procurement managers from large OEMs to manufacturing start-ups,” Goodwin said, leading into his talk this week at IoT Evolution Expo, where Goodwin is joining other blockchain leaders at an educational and certification session Tuesday, January 29th (link to page). “SyncFab has been tackling the challenges and creating solutions for six years and are the first to roll out a blockchain secured procurement process for OEM precision parts, and are excited to share our success story this week in Florida.”
At the IoT Evolution Expo, Goodwin will explain the advantages of managing manufacturing supply chains using blockchain technology as a foundation of industrial internet of things (IIoT) development and deployments.
“New technologies let us move data and customized solutions to the cloud more effectively secured by blockchain,” Goodwin said, “and the era of ERPs is transitioning away as a result. SyncFab’s solutions bring significant time and cost savings in important manufacturing strategies, bringing the just in time method to an entirely new level.”
The tracking and transference of assets, including precision parts that go into manufacturing modern products, can be daunting if not automated. SyncFab makes the process of fabrication easier and more auditable, with data that can inform improvements all along the procurement and manufacturing chain.
Everything from sourcing to procurement and production management faces the challenge of tracking tracing and transferring assets. Blockchain can be applied to optimize these requirements.
The IoT Evolution’s Blockchain Workshop and Certification will feature 9 prominent speakers, all experts in the field of blockchain technology.
“SyncFab’s distributed manufacturing platform is unlike any I’ve seen,” said Don DeLoach, president and COO of Centri Technology, the workshop moderator, author and frequent speaker. “Their application of a combination of factory instrumentation, using sensors to generate data that subsequently can be managed and secured using blockchain approaches is an ideal example of the alchemy that is driving real business value – lowering costs, improving yield, and contributing to higher quality, more profitable products, which is where the end-customer benefits.”
The discussions being moderated by DeLoach will range from developing a business plan for a blockchain project to applying blockchain solutions to various industries, such as energy markets, connected cars, and healthcare.
Founded and headquartered near Silicon Valley, SyncFab is a distributed manufacturing platform that streamlines the way buyers procure, manage, and track precision parts production securely using blockchain technology.
Through partnerships with federal and municipal government initiatives, SyncFab helps spur economic development by making regional suppliers with idle manufacturing capacity more accessible and responsive to buyers to enable a shift towards cleaner, local manufacturers worldwide.
SyncFab is Partner to CESMII, The U.S. Department of Energy’s Clean Energy Manufacturing Network appointed by the White House. SyncFab municipal partners include the San Francisco Bay Area city of San Leandro in partnership with San Francisco, Oakland and West Sacramento amongst others.
Arti Loftus is an experienced Information Technology specialist with a demonstrated history of working in the research, writing, and editing industry with many published articles under her belt.
Edited by Ken Briodagh