An Intellyx Brain Candy Brief
SyncFab is more of a specialized supply chain procurement and sourcing network than a blockchain technology company. That’s for the best, as they draw on years of serving up jobs for high-tech manufacturing suppliers large and small, as well as the OEM companies seeking to procure machined parts to exact specifications.
“Supply chain digitization requires everything coming together at the same time: processes, data, security, transactions, recording, analysis,” says SyncFab CEO Jeremy Goodwin. “Take a large aerospace or electronics OEM. Most of their supply chain is fragmented across thousands of small or medium-sized suppliers outside their own company, where there is a lot of room for optimization in matching demand with commercial-ready parts.”
China and other countries around the world invested heavily in expanding manufacturing capabilities over the last 20 years, while the USA scrapped many of its own factories. Blockchain makes sense here as a fast, open and immutable way to find and procure bespoke parts in a more accessible exchange that levels the playing field. This improves resource utilization for regional economic partnerships and local machine shops trying to grow to meet booming industrial demand.
The SyncFab public/private blockchain may not sound as glamorous as investing in crypto to watch it go to the moon. But it is quite exciting if you think about the massive scale of sourcing and tracking all the exact parts required for real airships and rockets that will send human beings into the stratosphere and beyond.
Copyright ©2019 Intellyx LLC. Intellyx advises companies on their digital transformation initiatives, and helps vendors communicate their agility stories. At the time of this writing, none of the organizations mentioned in this article are Intellyx customers. To be considered for a Brain Candy article, email us at pr@intellyx.com.
