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MBCoin offers real-time data synchronization, smart contracts, and transparent supply chains for enhanced efficiency
Project representative: Gopi Divecha
The startup MBCoin from Dubai is striving to integrate the Internet of Things (IoT) and blockchain into one seamless ecosystem. MBCoin has harnessed the power of both technologies to inject transparency and efficiency into manufacturing operations. The ten-person MBCoin team is led by a capable Marketing Manager who steers its branding, promotion strategies, and market research efforts.
The startup’s product plan is to find solutions: real-time data synchronization, product authentication, automated agreements via smart contracts, and a traceable supply chain, all wrapped into one intuitive platform. While more extensive, more established manufacturing facilities may boast scalability and a stable presence in the market, they often need more flexibility, innovation speed, and personalized customer service.
In contrast, MBCoin proposes to provide solutions that outperform competitors by offering real-time oversight for quality control. They ensure quality assurance and efficient product recall management, from raw materials to finished products.
The startup proposes a revenue model anchored on swift, low-fee transactions and secure cross-border payments facilitated by MB Coin. MBCIt’s fusion of MBCoin’s blockchain technology is carving a niche for itself in the cryptocurrency space.
The team is gearing up to tackle a few risks, such as potential security vulnerabilities in IoT systems, a lack of routine adoption from traditional manufacturing companies resistant to change, and possible regulatory roadblocks around using blockchain technology. But with a dedicated team and a clear vision, MBCoin looks set to rise to the challenge.
Indeed, the startup has made considerable strides since its inception. It has successfully developed its website and whitepaper, and its test net is ready, marking major progress in the product’s advanced product. In the next 12 months, they aim to make further strides in enhancing product traceability, ensuring transparent supply chain tracking, and delivering efficient inventory management.
