Idea & Token
ARXUM is going to make a revolution in the manufacturing industry by enabling customized manufacturing for the same price as mass production. Manufacturers, suppliers and customers will be united in one blockchain-based network, the data will be transferred effortlessly between the users. ARXUM includes both software and hardware development experience and the industrial production to connect physical machines to the blockchain world.
Three key components of the system:
– The ARXUM Connection Box (ACB)
This is a device that connects the physical world of machines to the blockchain. It includes such functions as smart contracts, payment organization, and sending production orders. Through the ACB, lots of money are saved by replacing manual labor with standardized framework contracts.
– The ARXUM Production Network
The machines can interact with one another on the blockchain-based network and production orders can be downloaded straight from the blockchain. The network also works as a marketplace where individuals and businesses can interact and produce goods together.
– The ARXUM Production Protocol
This is what automates the manufacturing processes. It connects businesses, individuals and production machines with one another through smart contracts and provides the informational transparency of the entire system.
Their ERC-20 token called AX will be used to pay service fees and for smart contracts. Payments can be performed with other currencies, but ARXUM will provide discounts for those who pay with AX. The token will also be used to reward manufacturers and as a fee for accessing premium functions. A total supply is 125 million tokens. The distribution is as follows: 80% – sale, 16% – team, 4% – bounty.
The ARXUM team consists of 12 members including two founders Marcus Jostock (PhD) and Jens Harig bringing their experience in business management, software development, investing, and IPO. Among other team mebers we see 5 software developers including blockchain developers, a hardware developer, as well as specialists in marketing, business development, and copywriting. The team looks very well balanced. Add here 8 advisors including professors, entrepreneurs, blockchain professionals, and a specialist at supply chain management.
ARXUM is going to reduce costs, simplify communication and data transferring, and make customized industrial production affordable through the hardware and software system. The project is based on an existing German company in the field of process automation – Arend Prozessautomation GmbH. This will allow the team to bring in the new company the experience and business contacts. They already have an MVP – the ARXUM Connection Box. In spite of quite low hype, the project really deserves attention of investors.
Bringing blockchain technology into the manufacturing industry to make it simpler, cheaper, and more transparent. An excellent and ambitious idea.
ARXUM ICO datesexport to calend
Producers are challenged by the increasing speed of innovation and individualization of products. People like to have customized products or even to have the ability to produce their self-created products. Customers want more variants and that as soon as possible. Last-minute changes are also coming more and more frequently from customers. Companies are called upon to react quickly, with shorter innovation cycles that remain economically viable at the same time. In addition to innovation and individualization, manufacturers are challenged by globalization: products are produced and assembled locally and worldwide at different locations. Therefore, one of the greatest technical challenges facing manufacturing companies is to deal with the heterogeneous IT system landscape that this creates.
To fulfil customers demand and improve business processes, manufacturers need a digitalized production process and inter-connectivity with their suppliers. Driven by Industry 4.0, the vision of ARXUM is to provide a worldwide production protocol (ARXUM’s Production Protocol) that supports people and manufacturers to realize customized or newly created products by providing a set of DApps based on Blockchain technology. Manufacturers connected by ARXUM’s protocol benefit from robust and secure connectivity, worldwide accessibility, and the standardized production order protocol with rich data exchange. ARXUM’s protocol increases their processing speed and reduce their costs. Customers and manufacturers can use the AX token to further reduce their costs and access new markets.