Smart MFG price

MFG

#8394

Smart MFG’s technology architecture is structured around a hybrid blockchain model that leverages both Hyperledger for private, enterprise-grade data privacy and Ethereum’s public blockchain for transparent, decentralized maker innovations. This combination provides the flexibility and scalability necessary to support a wide range of applications. With the recent ETH 2.0 transition, Smart MFG benefits from Ethereum’s proof-of-stake system, achieving faster transactions, enhanced privacy, and cost efficiency. Additionally, Smart MFG integrates Layer 2 solutions such as Polygon, which further improves transaction scalability and cost-effectiveness, especially for high-frequency transactions.

Smart MFG also partnered with Chainlink to integrate secure, real-time data flow through oracles, which is essential for data reliability in supply chain decentralized finance (DeFi) application development. Beyond current technologies, Smart MFG continuously evaluates new Layer 2 technologies to explore additional cost, speed, and feature advantages. As part of its commitment to interoperability, Smart MFG regularly assesses cross-chain standards to enhance transaction compatibility, enabling users to transact efficiently across multiple blockchain networks as the industry evolves.

As Smart MFG’s data set becomes increasingly robust, the network may consider developing a custom protocol designed to handle the unique demands of manufacturing and supply chain data, especially as it incorporates AI and custom algorithms for data matching. However, Smart MFG currently prioritizes the use of existing protocols to avoid redundancy, ensuring that makers benefit from immediately available utility and compatibility within the blockchain ecosystem.

Smart MFG addresses critical needs in both digital maker communities and traditional manufacturing, enabling more efficient procurement, enhanced transparency, and seamless asset management through tokenized workflows. For enterprises, Smart MFG simplifies and automates essential supply chain activities, including supplier onboarding, RFQs, POs, and secure payments, providing a decentralized system for managing these processes. This tokenization of workflows improves compliance, reduces costs, and ensures a fully traceable supply chain from sourcing to delivery. By eliminating the need for intermediaries, Smart MFG enables faster, lower-cost transactions that are secure and transparent.

The MFG Phigital platform allows makers to create, tokenize, and trade a variety of valuable digital assets like engineering designs, blueprints, and 3D models as NFTs, expanding monetization opportunities for creators on a broad scale. MFG Phigital 2.0 will introduce features such as AI-assisted Design for Manufacture (DFM), a Supplier Digital Fabrication DePIN network for sustainable sourcing, industrial real estate and machine time tokenization, carbon offsets, and supply chain DeFi. These additions will provide makers with tools to optimize their fabrication requirements, reduce environmental impact, and enhance the exchange and traceability of digital assets. By supporting unique creator-driven assets, Smart MFG’s focus on custom RWA tokenization differentiates it from other RWA projects centered on commodity replication, allowing makers and manufacturers to unlock and create new value while providing an outsized contribution to the blockchain ecosystem.

Additionally, by including underutilized SME suppliers who may not be digitally savvy, Smart MFG enables these small businesses to meet compliance standards and participate in digital supply chains. This integration not only bridges capacity gaps in supply chains but also promotes sustainability by reducing waste and increasing supply chain resilience.

Smart MFG’s development is marked by key milestones that highlight its role as a leader in blockchain-enabled manufacturing and supply chain solutions:

1. Hybrid Blockchain Evolution: Smart MFG’s hybrid model, combining Hyperledger with Ethereum’s public chain, was designed to meet the privacy and efficiency needs of manufacturing supply chains. The ETH 2.0 upgrade further optimized Smart MFG’s infrastructure with increased speed and cost efficiency. Additionally, the integration of Polygon Layer 2 scaling improved transaction feasibility for high-volume activities, making it possible for enterprises and individual creators to conduct real-time, tokenized transactions. The network’s continuous evaluation of new Layer 2 technologies ensures that Smart MFG remains adaptable, scalable, and cost-effective for its users.

2. Foundational Partnerships and Standards Contributions: In 2018, Smart MFG launched one of the first Hardware NFT Tokenization initiatives through its partnership network, pioneering RWA tokenization within the manufacturing industry. This initiative helped introduce blockchain to manufacturing supply chains, and further partnerships with the National Tooling and Machining Association (NTMA) in 2019, SwissMem and Lockheed Martin in 2021 which solidified Smart MFG’s position as a leader in blockchain-based supply chain solutions. The network partnership collaboration with Lockheed Martin, for instance, focused on developing a Swiss Supplier Intelligence Platform. Additionally, Smart MFG’s network partnership contributions as a founding member of the MOBI Automotive Supply Chain Working Group supported the establishment of blockchain standards for the automotive industry alongside major companies like Ford, Mercedes, and Honda.

3. Intellectual Property Portfolio: Smart MFG’s robust network partnership intellectual property portfolio underscores its commitment to blockchain innovation in manufacturing. The network holds registered trademarks for “Manufacturing Blockchain” (USPTO Serial #87920879, Patent Pending 16/918,571) and “Supply Chain Blockchain” (USPTO Serial #87928296, Patent Pending 20200210946). The pending patent for “System, Platform, and Methods for AI Neural Network Enabled Blockchain-Based Manufacturing Workflow” (US20240320614A1) reinforces Smart MFG’s network partnership focus on advancing AI-driven blockchain applications in manufacturing.

4. Global SME Supplier Network Expansion: Smart MFG’s network partnership SME supplier network encompasses thousands of vetted suppliers across the U.S. and Switzerland, providing reliable sourcing options for manufacturers. With the leadership of its new CEO, a co-founder of the Hong Kong Blockchain Association, Smart MFG is expanding this network to include more suppliers in Europe, Asia, and other international markets, contributing to a more inclusive and globally accessible supply chain.

5. MFG Phigital Platform Launch: MFG Phigital 1.0 introduced the world’s first 3D NFT marketplace for RWA tokenization, specifically tailored for makers. The platform allows makers to tokenize and sell unique assets, making blockchain technology accessible to individual creators. The upcoming MFG Phigital 2.0 will include additional features such as AI-assisted DFM, supply chain DeFi, sustainable sourcing, carbon offset capabilities, and a Supplier Digital Fabrication DePIN network. These features will expand the value of tokenization, fostering a marketplace where creators can securely and sustainably produce and distribute their work.

6. Google Cloud Web3 Scale Accelerator Acceptance: Smart MFG’s acceptance into the Google Cloud Web3 Scale Accelerator highlights its commitment to scalable, blockchain-based manufacturing solutions. This accelerator program provides technical support and strategic resources to enhance Smart MFG’s ability to deliver innovative blockchain solutions for both enterprise-level and individual creator applications.

These strategic developments establish Smart MFG as a pivotal player in the integration of blockchain with manufacturing and the Maker Movement. By supporting custom RWA tokenization, advancing sustainable production practices, and enabling cross-chain interoperability, Smart MFG’s technology network is uniquely positioned to empower both makers and enterprises while contributing to the broader blockchain community.