Manufacturing execution system (MES) crypto chain

In January 2009, Satoshi Nakamoto, writer of Bitcoin White Paper, launched the first bitcoin software, created Bitcoin network and developed the first cryptocurrency Bitcoin block. Cryptocurrency is a digital currency that runs on a blockchain. In 2013, Ethereum extended the blockchain functions by replacing bitcoin’s restrictive programming language with a common blockchain framework and began to run a series of code with Turing-complete virtual machine functions. Ethereum allowed developers to create their own “smart contracts”. A smart contract is a trade agreement that supports, validates or implements contractual terms that enable reliable, traceable and irrevocable transactions on virtual platforms without the need for third parties.

MES systems are indispensable in small scale and bespoke manufacturing. APS programs are more suitable for large-scale production. There is no sharp deviation from the production program due to the nature of manufacturing since it is fixed. All this system allow storing detailed material accounting, accounting for equipment operation and personnel costs, and the collection of existing data on the manufacturing status and transfer to the planning system or ERP system. It also makes revisions in manufacturing program; improve production control efficiency; product manufacturing, planning, and reporting, monitoring the content and transfer of the documents taking into account external (eg. changes in demand) and internal factors (eg. delays in raw material supply). Market studies show that MES systems are adapted to countless situations defined as discrete (custom) processes, batch (continuous) and continuous manufacturing processes.

MesChain MES is officially listed on the IDEX. As of december 17th, IDEX customers can buy, sell, and trade MES safely andsecurely on the IDEX exchange. Manufacturing Execution System (MES), MesChain manufacturing automationsystems and optimization of manufacturing activities initiate, monitor,optimize, and documents manufacturing processes from the beginning ofthe assignment to the manufacturing of end products in real-time. Read extra details on Swap MES Token.

The digital market is relatively new, so countries and governments are scrambling to bring in cryptocurrency taxes and rules to regulate these new currencies. If you’re not aware of these before you start trading, you may find yourself in a spot of expensive bother further down the line. Many governments are unsure of what to class cryptocurrencies as, currency or property. The U.S in 2014 introduced cryptocurrency trading rules that mean digital currencies will fall under the umbrella of property. Traders will then be classed as investors and will have to conform to complex reporting requirements. Details of which can be found by heading to the IRS notice 2014-21. On top of the possibility of complicated reporting procedures, new regulations can also impact your tax obligations. The U.S, the ‘property’ ruling means your earnings will now be deemed as capital gains tax (15%), instead of normal income tax (up to 25%). Each countries cryptocurrency tax requirements are different, and many will change as they adapt to the evolving market. Before you start trading, do your homework and find out what type of tax you’ll pay and how much.

MES Chain : Creation of a manufacturing model, central storage, raw materials, semi-finished products, end products, packaging, addresses of suppliers, quality standards, fast and appropriate data retrieval according to regulatory specifications, and so on. Management of manufacturing orders, management of raw materials and semi-finished products, monitoring the execution of the plan, monitoring the remains. Data collection from automated process control systems, quality control and reliability of data, collection and archiving, long-term storage, management of laboratory data. Find additional details at MES Token Blog.