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[1] 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[2] 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
