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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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How Cryptocurrencies Will Change Online Gambling in the Future

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Anyone who has followed online gambling since the beginning can tell you that things don’t stay the same for long. One of the reasons for this is that technology improves at such a ridiculously fast pace, and innovators in this industry are able to match up with those technological changes pretty quickly.

An innovation in technology that the Internet gambling industry has really learned from is cryptocurrency, with bitcoin in particular leading the way. We’ve seen it emerge as an alternative banking method, but it’s going to change the industry as a whole in ways that people can’t quite understand yet.

A Post-Legality Era

Something that has eluded online gambling since its inception is the idea of a global governing body. As it stands right now, each individual country (and smaller units of jurisdiction) have their own governing bodies that oversee in the industry. A lot of these laws are tied to banking laws, and that’s where the legality of playing in bitcoin casinos becomes such an interesting topic.

In the present, we’re seeing country-based regulatory bodies from places like Malta, Gibraltar and the United Kingdom start to work together and recognize each other’s licenses more and more. That’s taking serious steps towards having a global governing entity, and once that happens, the role of bitcoin is going to be even larger than it is now because it’ll…

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VOLUM (VLM) Announces Commencement of Token Generation Event

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ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.

Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.

The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.

“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…

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How to Secure Yourself in Relation to Bitcoin: Top VPN Services

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Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.

Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.

What is a VPN?

Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.

Security

While the connection to the ordinary Wi-Fi networks, a user usually gets access to the Internet directly, thus he becomes vulnerable to the hackers and the malware attempting to steal his personal data. On the other hand, applying VPN one transmits and gets data in encrypted form which makes it protected.

Anonymity

Generally, isn’t hard to trace an Ip-address of any user and to identify his location with sufficient accuracy. With the help of VPN, the attacker will only get the address of the removed computer. Undoubtedly, the safeguard…

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