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Firm To Map Out Manufacturing Capacity Worldwide With New Blockchain-based Ecosystem

A Blockchain-based company is launching a peer-to-peer network connecting clients with manufacturers of all sizes – preventing bottlenecks in production by mapping out manufacturing capacities around the world.

Productivist says its platform is an “open, global and free alternative” to the relocations and heavy investments that many firms and individuals in the manufacturing sector are faced with if they want to grow and flourish.

The company has created a smart device which connects manufacturing tools to the Blockchain – allowing progress on orders and spare capacity to be detected and monitored in real time.

According to Productivist, clients would benefit because it would become less expensive to source the right manufacturing expertise.

Once an assignment has been accepted, the platform would generate a shortlist of candidates based on the project’s technical requirements, the deadline, as well as a manufacturer’s availability and reputation. From here, each provider would make a bid with their most competitive price and deadline, with Productivist selecting the winner on behalf of the client.

Information recorded on smart contracts would be used to generate a score for manufacturers between 100 and 1,000, with higher ratings enabling clients to reduce the risk of low-quality results.

The company aims to make minimum order quantities a thing of the past and believes there could be environmental advantages because it would be easier to find local manufacturers – reducing a project’s carbon footprint.

“Our intention is to create a new protocol, an ecosystem where any marketplace, company or factory will be able to connect. We will provide Blockchain access, an application programming interface (API) and a software development kit (SDK), and users will create their own decentralized production service according to their needs. It will make the implementation faster, easier and cheaper to every new partner joining the ecosystem” the company told Cointelegraph.

One major concern of businesses is the protection of their intellectual property when it is in the hands of manufacturers. Productivist plans to safeguard sensitive information through “highly innovative applications.” One example is a feature on its smart device which streams sensitive files directly to a 3D printer.

The company’s white paper cites research from Accenture which suggests companies in the industrial equipment sector could save $1.6 bln if they embraced autonomous robots, artificial intelligence, 3D printing, big data and Blockchain technology. A different study by Grand View Research indicates the smart manufacturing market will have a value of €325 bln ($395 bln) in just seven years time.

Smoother transactions at lower costs

Productivist is based in France and Dubai – and its team is behind another successful manufacturing concept called FreeLabster is a collaborative network which links the owners of 3D printers with prospective clients, and since launching in 2016, it has already amassed 3,000 firms and individuals who are willing to offer their resources for industrial and private projects.

At present, more than 10,000 3D printers are listed on the website, and generally, it takes three minutes before clients receive an offer from a “FreeLabster.” The company says orders are generally turned around in 48 hours. It has also forged five major partnerships – one of them with Boulanger, one of France’s largest retail chains.

The ProducToken – or PROD for short – will be the main cryptocurrency used on the Productivist platform, with the company claiming it will ensure “smoother transactions at lower costs.” Manufacturers are going to be rewarded with PROD tokens when they register their capacity on the platform, and in time, they will be able to use this currency to buy new equipment at a discount. The token is ERC20 compliant, meaning it is “liquid and tradable on all exchanges.”

Integration into FreeLabster planned

By the first quarter of 2019, FreeLabster is going to be migrated onto the Productivist Blockchain – paving the way for its solution to go live in the following quarter. A beta version of the company’s smart device is penciled in for release by the end of the year.

Productivists’ pre-ICO is running from May 1 to May 15, with a 28 percent bonus offered on PROD tokens. This will be followed by a five-phase ICO running from May 16 to July 31.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

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Startup Wants to Connect Thousands of 3D-printers in a Blockchain-based Network Hub

It might have started simple, printing small objects, but in the last couple of years, 3D printing technology has really outgrown itself. Now, it is both possible to 3D print tiny structures using living cells or print a whole house in 24 hours. The idea behind 3D manufacturing isn’t new, but 3D-TOKEN, a project of the Italian Politronica Srl startup wants to integrate it with Blockchain technology to create a ‘one of a kind’ glocal decentralized Just-In-Time Factory 4.0 matching the digital revolution of the 21st century.

With steady growth, more than 278,000 desktops (under $5,000) 3D printers were available worldwide in 2015, according to the Wohlers Report 2016. The upcoming years will make these printers more and more affordable pointing towards a possible increase in demand. This is where the 3D-TOKENS project wants to tap in to create a Blockchain managed network hub of thousands of 3D-printers. The spin-off of the Italian University “Politecnico di Torino,” Politronica Srl wants to bring small to medium scale just-in-time digital manufacturing via the 3D-TOKENS project to a whole new level.

Joining forces over Blockchain

Dubbed ‘Network Robots’ Workforce,’ this network will be able to change the traditional industry norms on time-to-market and product cost. Their Blockchain-based online platform will function as a facilitator between different innovative 3D manufacturing projects and could greatly reduce production cost. At the moment, the company maintains a network of 100 3D printers. Through the 3D-TOKENS project, they aim to increase this number to 3,000 by the end of 2019 with 1,000 Network Members and a production capacity of up to 300 tons of processed bioplastics.

As of now, Politronica Srl has managed to stick a deal through its current network with such industry giants as the design shop chain Flying-Tiger Copenhagen (600 shops globally). Through this collaboration, they will roll out an innovative desktop 3D printing learning device and lamp called Q3D during the upcoming months.

Multidimensional investment

The 3D-TOKENS, hence the name, will also introduce its native cryptocurrency called 3DT based on the Ethereum Blockchain (their ICO ends on Feb. 11th). Users will be able to join crowdfunding campaigns, spend coins at their internal marketplace (like purchasing digital models for their own projects) or even trade 3DTs within the network at a fixed price revealed at the end of the ICO. And those holding into their 3DTs will also be able to receive profits’ share from the Network directly.

However, people from the US and China won’t be able to purchase any coins due to various regulation, and even citizens or residents from Singapore, Hong Kong and Canada should check if they’re eligible before buying the non-refundable tokens.

Printing out the future

There is a growing interest incorporating the Blockchain technology into the 3D manufacturing world. It’s gradually being accepted, even the US Navy has considered making use of the secure data transfer Blockchain could provide to their 3D printing process. Various stages of the 3D printing process itself can benefit from the decentralized peculiarities of Blockchain distributing such tasks as the slicing stage among different users to ease on their computer’s capacity.

If realized, the 3D-TOKEN network could accelerate the 3D printing market to its full potential. The company will start the expanding of the network in Northern Italy then to Europe and hopefully to a global level in the future.

Until the ETH is back to $1,350, Politronica Srl offers a 50 percent bonus instead of 25 percent for every token purchase.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.