Review on MesChain by Fanuel PORPORTY
MESCHAIN, A SOLUTION FOR THE PROCESS OF MANUFACTURING VIA BLOCKCHAIN
Meschain, a product of Genesis Crypto Technology is an automated control system designed to manage and monitor all work in progress in the factory. The objective of an MES is to improve productivity and reduce cycle times by optimizing and synchronizing production activities in real time. Using blockchain technology, Meschain intends to create autonomous systems via smart contracts and guarantee confidentiality.
Meschain's mission is to contribute to the development of the industry with new technologies and to facilitate decentralization with the support of the Blockchain community. It is a solution for the manufacturing process via blockchain. Once MesChain is fully integrated by the manufacturing companies, its blockchain technology will track inventory records, material and equipment wear, tearing, working hours, current workforce more efficiently with less human resources. Thanks to its versatility, the solution can monitor all services, record all physical goods and improve payment processes at low costs. A warranty system is integrated to quickly deal with any problem that arises. MesChain offers business owners full responsibility for their businesses and register their innovations in one place at a minimum cost.
Meschain ships a cryptocurrency token issued on the Ethereum platform (MEStoken) with a maximum offer of 7 billion units. Meschain brings added value to the manufacturing industry in the area of planning (organization of the operating process), in the field of monitoring and traceability of manufacturing (by tracking real-time manufacturing activities to enable the identification of effective zones and other lagging areas in time so that rapid corrections can occur during the manufacturing process.), and in the field of quality (Meschain using blockchain technology and smarts contracts , will use a set of predefined rules to recognize the quality of the product and report the inferiority or transmit it for distribution.)MESCHAIN, A SOLUTION FOR THE PROCESS OF MANUFACTURING VIA BLOCKCHAIN
Pros
- Optimization and efficiency of the management system
- Better decision-making for business leaders
- Working hours are managed efficiently
- Huge savings on production costs.
Cons
- The total supply of tokens issued is high
- the platform is in development
