Technological advancement has significantly penetrated the manufacturing industry. New technologies have emanated with the purpose of improving the efficiency and convenience of diverse fields of life. One of such technologies that are gradually gaining ground is Additive manufacturing which is also referred to as 3D- printing. Additive Manufacturing refers to the process of joining materials to create objects using 3D model data. The primary application of this discipline used to be for design and modeling and prototyping but gradually This discipline has led to an emerging industry set to provide service and products for numerous industries in the society which include the mechanical industry, food industry, automobile industry, fashion and clothing and Healthcare sector for production of medicals items, prosthetics, spares, and repairs. The potentials of 3D printing as a technology is great but just like every emerging industry, the 3D printing technology is threatened by difficulties in contractual payment and in order to ensure the success of this innovation as a commercialized technology, steps need to put in place to guarantee an effective, automated and trustless ecosystem for the emerging 3D printing Industry.
Introducing Erecoin
Erecoin is an initiative which chooses to create an enabling ecosystem for the emerging Additive Manufacturing industry by implementing blockchain technology. Erecoin identifies the encrypted record keeping, transfer of value, trustless, decentralized, absence of geographical restrictions and automated nature of blockchain technology which can provide with a dynamic environment for all parties in the 3D printing industry to make both monetary and non-monetary transactions powered by smart contracts. With smart contracts, Erecoin seeks to solve contractual problems and micropayments since all the rules required for the actualization of the smart contracts and data regarding transactions stored on the blockchain. With Erecoin the commercialization of 3D printing to yield a wide range of products becomes possible, settling disputes and legal issues do not require lawyers and court actions and lastly, a seamless transfer and ownership of 3D data become possible.
Core Features of Erecoin
- Erecoin as a platform is designed to accommodate all form of transaction and related communications associated with Additive Manufacturing. These transactions will include the exchange of data during product development and digital design trade and the platform will ensure compliance to government requirements and processing payment for 3D models or 3D services. In order to meet this need the all level of users on the platform and guarantee real-time- information, Erecoin will have applications for both smartphones and tablets.
- Asides from blockchain technology, the Erecoin platform implements other modern technologies such as Big data, input and output virtualization and Artificial intelligence (AI) with the sole purpose of value addition for the emerging Additive Manufacturing industry by facilitating document transactions and solving issues relating to licensing of 3D files during data exchange. The Erecoin platform CAD data exchange community also gives room for designers, engineers and developers to interact and foster innovations for which they will be remunerated.
- The Erecoin platform institutes the ethereum blockchain and its smart contract functionality ideally give room for an environment for with minimal transaction cost, risk of data abuse, transparent and boisterous with fast and reliable transaction performance. Since the Erecoin platform seeks to facilitate the buying selling and service provision, smart contracts provide a judicious means for automation and security of transactions.
- The utility currency of the platform is called Erecoin (ERE) and it will be issued based on the erc-20 standards of the ethereum blockchain with a maximum supply of 360 million tokens. Asides from serving as the preferred means of payment on the platform and rewarding contribution to the Additive manufacturing industry, the Erecoin team uses the ERE to raise funds for the development of the platform and ensure widespread awareness and participation in the project through an initial coin offering (ICO) which is currently ongoing and scheduled to end on the 30th of April 2019.
Conclusion
Erecoin provides a unique environment in which users of its platform can both actualize and offer their Additive Manufacturing products in the fast-growing industry. With the successful launch of the platform, the Additive Manufacturing industry will have a befitting ecosystem to drive the industry to greater heights.
For more information on the Erecoin platform check out the following channels
Website: https://erecoin.io
Whitepaper: https://drive.google.com/file/d/1uQp0l584IOM_srqFDwRTYhWwbVntjxGc/view
ANN Thread => https://bitcointalk.org/index.php?topic=5102141
Youtube: https://www.youtube.com/channel/UCtrOJHBtRLYcLVfFLWGXwHw
Facebook: https://www.facebook.com/erecoin
Twitter: https://twitter.com/erecoin1
Medium: https://medium.com/erecoin/
Reddit: https://www.reddit.com/user/erecoin
Instagram: https://www.instagram.com/ere.coin/
Telegram: https://t.me/erecoinofficial
writers details :
BTT username: Mrsparks
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=1197564;sa=summary
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