Finance and banking sectors are said to “go well” with blockchain, but what about manufacturing? Can it too benefit from decentralized computing?
At least one company thinks that is the case and is launching a peer-to-peer network to connect clients with manufacturers of all sizes. This, they claim, will prevent bottlenecks in production by mapping out manufacturing capacities around the world.
The name of that platform is Productivist, and it aims to create an “open, global and free alternative” to the relocations and heavy investments many firms and individuals in the manufacturing sector are facing.
Connecting the dots…
Productivist is not just about software; the company is also working on a smart device that connects manufacturing tools to the blockchain so that users can keep up with progress on orders and spare capacity. As a result, it would (or could) become less expensive to source the right manufacturing expertise.
The system generates a shortlist of candidates once an assignment has been accepted; it uses a number of factors to do that, including the project’s technical requirements, the deadline, as well as a manufacturer’s availability and reputation. From there, each provider could bid for work, with Productivist selecting the winner on behalf of the client.
The information of this process is recorded on a smart contract and then 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.
Productivist’s goal is to revolutionize the manufacturing process and make minimum order quantities a thing of the past. At the same time, it believes the same setup will involve environmental advantages because it would be easier to find local manufacturers, thus reducing a project’s carbon footprint.
As part of those plans, the company will create a new protocol and build an ecosystem around it. It will also provide an application programming interface (API) and a software development kit (SDK) so that manufacturers could create their own decentralized production services.
In addition, the platform will include a software layer to protect companies’ intellectual property. Productivist will safeguard sensitive information through “highly innovative applications,” and — for instance — stream sensitive files from its smart device directly to a 3D printer. No files to deal with.
An experienced team…
The Productivist team, based in France and Dubai, is well versed in manufacturing novelties, having previously launched FreeLabster – a collaborative network that links the owners of 3D printers with prospective clients. Since 2016, that project has managed to attract 3,000 firms and individuals who are willing to offer their resources for industrial and private projects.
The new platform is building from there, and is currently counting some 10,000 3D printers, which ensure fast response times — it generally takes three minutes before clients receive an offer from a “FreeLabster.” The company says orders are generally turned around in 48 hours.
Furthermore, Productivist has also forged five major partnerships, one of them with Boulanger, which is one of France’s largest retail chains.
Productivist will also have its own (crypto)currency, ProducToken or PROD for short, which will be used to deliver “smoother transactions at lower costs.” These tokens will be offered to manufacturers when they register their capacity on the platform, and later on – they will also be able to use ProducTokens to buy new equipment at a discount.
As many other tokens, this one is also based on the ERC20 standard, which makes it “liquid and tradable on all exchanges.”
Productivist will start with the earlier mentioned FreeLabster service that will be migrated onto the Productivist blockchain by the first quarter of 2019. In the meantime they also hope to have the beta version of the smart device by the end of the year.
To fund all this, Productivist is organizing a public offering: pre-ICO ends on May 15th, after which a five-phase ICO kicks in and will last until July 31.
According to the Accenture research, companies in the industrial equipment sector could save $1.6 billion if they embraced autonomous robots, artificial intelligence, 3D printing, big data and Blockchain technology. Another study, by Grand View Research, indicates the smart manufacturing market will have a value of €325 billion ($395 bln) in just seven years time.
So yes, Productivist does sound like a promising project…