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Smart MFG is a blockchain-based platform middleware network designed to support digital transformation across design, manufacturing, supply chains, and the maker-driven sector by enabling Real World Asset (RWA) tokenization. It aims to bridge digital and physical assets in a 'phigital' model, empowering both enterprises and individual creators through tokenized transactions, secure payments, and incentivized sourcing.
Smart MFG operates on the Ethereum blockchain, utilising ERC20 tokens, with the $MFG token central to its network. It uses custom RWA tokenization tailored to manufacturing and supply chain industries, focusing on bridging the gap between large enterprises and underutilized SME suppliers. Smart MFG also plans to develop a 3D NFT marketplace known as PHIGITAL to integrate 3D communities for building an open metaverse. Its smart contracts, built on Ethereum, manage tokenized transactions and secure payments with enhanced functionality through Chainlink's oracle services.
Potential use cases for Smart MFG include:
These use cases leverage smart manufacturing principles, which can be effectively applied through blockchain technologies like Smart MFG.
Smart MFG's history includes pioneering RWA tokenization with one of the first Hardware NFT Tokenization initiatives launched in 2018 through its technology partnership network. It focuses on custom RWA tokenization for compliance in manufacturing and supply chains. There are no specific details on its founding date or major updates noted in the sources, but it continues to operate on the Ethereum blockchain, benefitting from its ongoing technological advancements.