Smart MFG Tech Provides Updates on Supply Chain DeFi

Published by

Manufacturing Industry 4.0 company, Smart MFG Tech, has updated its online community on what’s ahead for Q1 2021. Its goals continue with the company’s focus on digital transformation and promoting new data mobilization technologies such as IIOT (Industrial Internet of Things).

After a relaunch of the Smart MFG GUI website, integration of the MFG token on centralized and decentralized exchanges, and ongoing partnerships with companies such as SyncFab, the network is experiencing steady growth. Smart MFG is now at work with its remaining milestones for the year. These include greater community decentralization, more partnerships with supply chain buyers, manufacturing suppliers and platforms, liquidity partners, 3PL logistics providers, material suppliers, and a liquidity regeneration program.

The team also shared forward-looking use cases in supply chain DeFi solutions. “MFG Supplier Incentive

Reward Programs are a new way to reward time connecting supply chains with blockchain. MFG helps manufacturers rebuild supply chains for Industry 4.0 by implementing a new system where time is compensated, sensitive information is kept secure, and suppliers get rewarded for maintaining a responsive supply chain using MFG ERC20 Digital Tokens allow OEM businesses to reward suppliers amongst a diverse and growing ecosystem,” they explained.


Smart MFG Tech is a blockchain company focused on Industry 4.0 Digital Transformation and promoting new data mobilization technologies, including IIOT (Industrial Internet of Things) for use within the manufacturing industry. 

Smart MFG Tech promotes digital transformation of industrial manufacturing supply chains using blockchain as a key building block of Industry 4.0. MFG Tokens® incentivize collaboration and speed across supply chains and can be used to create custom rewards and compensate manufacturers for time and accuracy put into competitive tender bids. 

The token integration use case applications in Manufacturing Supply Chains include asset tokenization, advanced supplier incentive programs and supply chain decentralized finance innovation. Smart MFG partnerships: http://smartmfg.io/partners

Sagar Saxena

Passionate about Blockchain and has been researching and writing about the Blockchain technology for over a year now. Also holds expertise in digital marketing. follow me on twitter at @sagar2803 or reach out to him at sagar[at]coingape.com

Share
Published by

Recent Posts

  • Bitcoin News
  • News

Ethereum’s Buterin To Use Returned $100M From SHIB Donation For Covid Relief Projects Worldwide

CryptoRelief is an Indian COVID-19 fund that will now be returned. Buterin will use it…

January 29, 2022
  • Bitcoin News
  • News

Shiba Inu (SHIB) Unfazed By Bitcoin Crash, Set To Launch Its Metaverse – ‘Shiberse’

Shiba Inu is the latest meme coin that seeks to jump into the Metaverse sphere.…

January 29, 2022
  • Press Release

#PR:Leader Recruitment Program for 4Jnet Global Alliances “Supreme leader 100”

4Jnet team is pleased to announce recruit of 100 opinion leaders. They will be officially…

January 29, 2022
  • Bitcoin News
  • News

Hackers Siphon Off $80 Million in Cryptocurrency from Qubit DeFi platform

Decentralized finance is often considered hackproof. However, hackers are an ingenious lot and have devised…

January 29, 2022
  • Bitcoin News
  • News

Just-In: Bitcoin May Soon Be A Legal Tender in Arizona

Bitcoin may soon become a legally recognized currency in a state within the US. Wendy…

January 29, 2022
  • News
  • NFT News

OpenSea Fixes Vulnerability, But Users Are Still Losing NFTs To Hackers

The OpenSea vulnerability which analysts first got wind of a few days ago appears to…

January 28, 2022