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10 Blockchain Benefits for Supply Chain Management

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Blockchain opens up possibilities to expedite and streamline the everyday processes businesses run on. The beauty of blockchain for supply chain management, specifically, is that it not only simplifies the procurement or precision parts selling process, but it also makes the method safer, faster, and less expensive.

Manufacturing and Industry 4.0

According to J.P. Morgan, global manufacturing is off to a solid start this year, supported by increasing order volumes. Accelerated growth is being experienced across the globe with the U.S. composite growth index reaching a 34-month high. The time is right to reduce unnecessary costs and cumbersome processes to keep this trend going.

Industry 4.0 is the natural next phase for industrial organizations that have adopted increasingly automated manufacturing systems, more sophisticated IT, robotics, and the overall growth of connectivity in plants. The new generation of smart factory production lines will integrate constant streams of data from connected systems to better understand supply chains, inventory, production trends, quality, distribution, and more.

Deloitte described the potential of the smart factory as:

“Smart factories can operate within the four walls of the factory, but they can also connect to a global network of similar production systems, and even to the digital supply network more broadly.”

While Industry 4.0 can feel out of reach from some smaller manufacturers, this should not be cause for intimidation. By utilizing technologies such as blockchain, these manufacturers can save tremendous time and money to differentiate themselves in this changing world.

Best Bets for Blockchain to Simplify Supply Chain Management

Blockchain brings significant improvements to supply chain management for small to medium-sized manufacturers, precision parts suppliers, and small businesses innovators. It can help them:

  • Cut procurement costs and production time by zeroing in directly on the right suppliers who can create the correct, high-quality parts
  • Speed prototype evaluation to test and modify design before production at a more competitive cost
  • Work with local, ISO 9001, and pre-certified precision parts suppliers and CNC machine shops to procure more in less time
  • Eliminate supplier evaluation time, expedite orders and lower risk with suppliers automatically identified with needed technical expertise, location, machinery, design capability, and capacity
  • Custom RFQs or automated blanket RFQs for ongoing part needs simplify part orders, avoid production delays, and help manage profitability
  • Purchasers and parts manufacturers begin working together immediately on order fulfillment with instant review of qualifications and equipment and without wasting time on background and credit checks
  • Increase parts and supplies quality control by comparing, reviewing, and approving qualified CNC machine shops and precision parts suppliers
  • Get real-time insight and transparency into parts fabrication, production, and delivery
  • Improve supply chain efficiency with automated RFQ management, instant notification of quotes, and only approval and payment
  • Orders, designs, fabrication, and production of intellectual property is secure and provides protection not always afforded to smaller manufacturing firms or suppliers

Businesses aim to manufacture goods — whether end products, bespoke solutions or precision parts — of the highest quality, for the best price, with the greatest technical support, and according to agreed timelines. To succeed, they need to do this as cost-effectively as possible.

SyncFab Smart Manufacturing Blockchain provides the first, peer-to-peer blockchain network for smaller companies and manufacturers to compete and differentiate through improved supply chain and procurement processes.

Smart Manufacturing Blockchain is an easy-to-use, objective, and secure platform that delivers immediate trust among manufacturers and suppliers to do business. Learn more about how blockchain will transform your business, ahead of the competition.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Property Loans for Foreigners in Singapore That You Must Know About

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property loans for foreigners in Singapore

Intending to invest in a residential or commercial property in Singapore?  

When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.  

In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.  

HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE? 

As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.  

In this sense, Singapore has the Loan to Value Ratio (LTV).  

The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:  

  • If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000. 
  • When you are applying for a loan with a Housing…
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CoinField Launches Sologenic Initial Exchange Offering

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Sologenic

CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform.  Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.   

Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play.  The desktop version is available for Windows and Mac.

“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited to KYC and fiat ON & OFF ramping,” said CoinField’s CEO…

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Many of the Top Sports Betting Websites for 2020 Can Be Found On Boomtown’s Best Betting Page

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Sports betting is one of the widely known types of online gambling. With a large number of sports fans around the world, this type of gambling is one of the most sought after. The problem usually comes from when gamblers try to find the best sites out of the many available ones. Many new sports betting sites come up daily, thus making the selection process even harder. One of the best places to find top betting websites for sports is Boomtown Bingo. This platform doesn’t just give users the best online casino games websites, but they also cover sports betting. As such, boomtown bingo remains a one-stop-shop for everyone who needs the best and the latest online gambling and gaming sites for all types of devices.

Performance

The performance of any website is critical. Users need to find their way around the site easily, and that can be made possible with the site structure and arrangement. Loading time is also essential. A website that always hangs thus pushing the user to refresh every time is no good. These are some of the factors that Boomtown Bingo looks into when selecting the best sites for its users. You can be sure that the new sports betting websites listed on Boomtown’s platform have faster loading time, can be used easily by everyone, including those who are trying this betting for the first time.…

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