Yesterday Californian startup SyncFab announced it signed a deal with aerospace and defense contractor Lockheed Martin for its manufacturing procurement and supply chain solution that uses blockchain.
The solution initially started out as a matchmaking service between large manufacturers with small parts suppliers. Since then, the functionality has expanded.
In January, Swissmem, the association of manufacturers in Mechanical engineering, Electrical and Metal industries (MEM), announced a deal with SyncFab. The aim is to enable smaller Swiss manufacturers to subcontract for larger foreign ones or original equipment manufacturers (OEMs). At the time, Lockheed Martin was announced as a partner for the pilot phase.
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