Erecoin (ERE) ICO - A symbiosis of Additive Manufacturing and Blockchain.
The erecoin platform is a symbiosis of Additive Manufacturing and Blockchain. Both technologies are currently changing the world.
Blockchain applications fundamentally change, the financial economy and the additive manufacturing of real objects from digital content,
freed of production-technical restrictions. Additive manufacturing is about to revolutionize the production landscape. New methods,
materials, and design concepts are already being created almost daily. In the near future, creating complex objects will be as natural as paper
color printing on a computer at home.
As always, when new technologies conquer new markets, for the triumph of additive manufacturing it is necessary to tackle and master new
challenges. The goal is to avoid making the same mistakes in the digital world of 3D print templates, as in the music industry, where
intellectual property has not been effectively protected. The blockchain technology, with the possibility to conclude smart contracts, offers an
opportunity to solve these legal and technical issues of the additive world.
Data exchange and rules on the usage of data are integrated into the blockchain. This creates an efficient, secure and unambiguous
relationship of trust between all parties involved in the process chain; from the first digital sketch to the final individual product. Thus, the
erecoin platform solves dependencies on economic and resource-rich centers and is a global and decentral accelerator of additive
manufacturing. Individuals and companies, regardless of their geographical location, will be able to design, modify, buy and produce products
using the erecoin platform.
THE IDEA BEHIND IT
Our mission is to make the increasingly complex world safer. We want to build efficient, clear and uncomplicated transaction processes to help to establish Additive Manufacturing as a key manufacturing method in the future. The erecoin platform enables all people to participate in the rapidly growing market of Additive Manufacturing. The erecoin platform designs security-oriented value creation processes by means of smart contracts. The erecoin platform secures intellectual property rights in Additive Manufacturing. The erecoin platform makes a significant contribution to the resource efficiency in the future due to the use of additively manufactured products.
THE HANDSHAKE IS PAST
Society is used to contract important agreements. Whether it is the purchase of a house, a job or the sale of a used car - a contract is quickly
signed using a form or drafted by the notary. The industry is also accustomed to secure their business relationships contractually.
When it comes to extraordinary, valuable goods or long-term services, this will not be a problem in the future. However, if you want to
contractually secure smaller units or size 1 products, it will be more difficult. Various industries, such as the publishing industry have been
looking for a solution for a long time and are currently making bad experiences with micro-payment and co.
"That's not what I meant!" could also lead to more and more disagreement in the world of Additive Manufacturing in the future. Even more
serious: There is already some restraint in very complex additive designs that prevent the entire market from accelerating.
In order to avoid situations like these, Smart Contracts will be processed using blockchain technology in the future. All parties involved have
all contract details available. The use of cryptocurrency based data packages is particularly favorable for low volume production. In case of a
dispute, neither lawyers nor courts have to be involved. Users of the Blockchain do not need to worry about security and industrial espionage.
Agreements are reduced to specific rules and applied to transactions.
BACKGROUND TO ADDITIVE MANUFACTURING
Generative Manufacturing Methods or Additive Manufacturing is a rapidly growing industry. In the past eight years, the industry has undergone
constant growth and has emancipated itself from the initial raison d'être of "prototyping". Amongst other things, the high growth rate is
due to the development of new interesting applications and new procedural techniques.
In the 1980s, the first methods and processes were developed and patented. The use of generative methods was limited to a few areas with
limited application scenarios. The application was mainly designed for the production of prototypes and demonstration models. A protection
mechanism by patent law and the availability of computing power to solve computer-aided operations favored the emergence of oligopolies
in the generative market.
With the expiry of individual patents starting in 2009, the competition was intensified by new companies and their idea development of the
deployment scenarios. In addition, strong public interest has contributed to widespread Additive Manufacturing Technology in the low price
RANGE OF APPLICATIONS FOR ADDITIVE MANUFACTURING
DIGITAL PRODUCT DEVELOPMENT
Additive manufacturing is directly related to a systematic and agile product development. Digitally supported product development using
additive manufacturing technology creates direct competitive advantages by changing the products and the required infrastructure. The
integration of additive manufacturing significantly shortens the time from product idea to market launch. Experimenting, visualizing and
testing with 3D models become a development philosophy throughout development.
Aerospace engineering was among the early adopters of additive technologies. In this industry, it is not the unit costs that matter the most,
but the savings of aviation fuel during the entire operating life of an aircraft.
In mechanical engineering, an important keyword in terms of additive manufacturing is functional integration. If generative design increases
the functionality of a product and/or reduces the number of parts in the product, this can be a weighty argument for a possibly higher unit cost.
A smaller number of parts and production steps also reduces labor and assembly costs as well as quality risks. Integrating an assembly into a
single part can also reduce the number of value-adding/value creation stages of the company-wide supply chain, eliminating coordination
costs with a part supplier.
With regard to the attractiveness and the areas of application in mass production, the automotive industry should be considered. Successful
examples of indirect use can be seen, in the production of vehicles: (casting) molds for pressing body, components can be constructed
significantly easier using additive techniques. This saves energy during each pressing process. Even the direct use of lightweight components
on honeycomb structures or cavities is conceivable.
In a supply chain, Additive Manufacturing leads to substantial structural changes and a shorter value-adding process. The conventional
division of labor between several companies is simplified and shortened by the integration of Additive Manufacturing. At the same time,
infrastructural costs for machine investments and storage costs are partially minimized. Additive manufacturing in combination with classical
value creation methods reduces total costs in the supply chain and enables a flexible organization.
The combination of a change in the supply chain and an individual component design offers great potential for insourcing. Instead of
outsourcing orders, Additive Manufacturing takes place regardless of location and transport route. Insourcing reduces uncertainty in
economic activity between individual markets.
The new level of flexibility in the value chain is causing increased reshoring, which reduces wage and coordination costs and makes the
relocation of production from low-wage countries to sales regions profitable.
Additive manufacturing is already successfully applied in medical technology. As a basis, 3D data from computer tomography or 3D scanners,
for example, are used to produce individual prostheses and orthoses or aids. Both additive and commercial manufactured medical products
are subject to particularly high demands. Legislators attach particular importance to the safety, quality, and conformity of the products.
Especially prostheses and orthoses in their geometric complexity and their lightweight construction requirements play an important role for
the additive manufacturing. The cost and lightweight advantages of additively manufactured prostheses and orthoses allow the affected
people free access to a better life.
Other applications are demonstration and exercise models, produced by 3D printers for medical staff and patients. Exercise models are used
by surgeons for surgical preparation to ensure the best possible treatment for the patient.
In addition, visual aids are used by physicians to provide information about the treatment of diseased organs or parts of the body. The patient
is able to understand the medical approach and complexity of very abstract terminology better and can build trust. At the same time, physicians
can use printed models to prepare individual surgical procedures for organs.
THE PERFORMANCE OF ERECOIN
• The digitization of functional elements in mechanical engineering through to medical implants is made available to a wide range of users by
using the erecoin system.
• Ethical and legal issues are resolved by the use of smart contracts, without withholding information.
• The transfer and ownership of the generated 3D data are simplified by using the erecoin system.
Cost-effective semi-professional 3D printers already offer high-quality printouts for certain applications. However, the generation of suitable
3D models is associated with great effort. First online platforms or rather databases with suitable 3D models that are available for private
use, already exist. However, the choice and quality of these models is very limited and not satisfactorily resolved.
It is likely that there will be an active sharing economy in the future, which will provide files without economic interest. However, as
experience from comparable photo or template databases shows, the variance of the license restrictions is significant.
Since at the same time commissioning of professional 3D designers for private use is likely to remain difficult for economic reasons, the
erecoin system offers a solution: The use of smart contracts allows users and designers an adequate platform for the exchange of 3D models
and copyright questions.
Additive manufacturing technology is a relatively new technology and has limitations. When manufacturing larger quantities, the
cost-effectiveness comes into competition with conventional manufacturing processes.
In addition, there are also technological limits that shift or even disappear over time. Until recently, the surface quality of additively
manufactured components was a technological weak point. Within a short time, new post-processing methods that solve these problems
have been established.
The anisotropic behavior of additive components is a feature that must be taken into account in the design process in order to ultimately
obtain a dimensionally stable model. This fact is process-specific and requires specialized expertise and skill from the designer.
At this point, the problem of securing intellectual property in additive manufacturing arises. From today's perspective, it is unrealistic to mark
each component. At the same time legal measures such as confidentiality agreements, patents, trademarks, etc. are subject to limited
protection. Uncertainty due to a lack of trust and unclear technical risks still characterize additive manufacturing.
CREATION OF NEW TASKS IN COMPUTER AIDED ENGINEERING
In the next few years, the growth of additive manufacturing technology is expected to increase. The image of a developer sitting at a table
with a pencil is already outdated. Engineering is already taking place on the PC with the support of laser scanners and specialized software
As digitization progresses, data becomes a real value and must be protected. Once published on the Internet, intellectual property can no
longer be protected and companies, as well as individuals, can replicate the 3D models without further consent. To prevent this, the path of
the file should be traceable and transparent.
IDEA AS PROBLEM SOLVER
The need for a suitable platform to penetrate the markets with Additive Manufacturing technology is due to digitization of product data
urgent and indispensable.
The erecoin platform is a decentralized blockchain solution focused on the transfer and exchange of digital 3D data and services. These
transactions are referred to as an "ensured relied environment".
The erecoin platform focuses on the rapidly growing Additive Manufacturing industry and solves a variety of applications. Through the
intensified use of available 3D printers and a safe and reliable infrastructure provided for customer experience with Additive Manufacturing,
erecoin enables customers to fulfill their needs. This environment defines the erecoin platform by addressing legal constellations in the
Additive Manufacturing process with the blockchain technology solutions in a symbiosis.
Erecoin is part of a flexible system that adapts to the needs of its users. The platform will work with significant amounts of data, categorize
files and create conditions for collective transactions. The unique capabilities of erecoin are available to all platform customers.
VISION OF THE ERECOIN PLATTFORM
The erecoin platform will provide a global network of Additive Manufacturing for businesses and private users using blockchain technology.
GOALS OF THE ERECOIN PLATFORM
The process chain of Additive Manufacturing will be designed explicit and transparently within two years for users of the erecoin
Professionalization of the Additive Manufacturing industry should be accelerated by reducing entry barriers for young companies.
Protecting the value of intellectual property in digital product data.
Product piracy and industrial espionage due to data loss and misuse should be reduced by using the erecoin platform.
Transparency of product creation and history of product data will be available to customers.
Realize customer-specific products with small quantities economically.
High stocks of low-demand-products can be addressed with Print on Demand.
erecoin owners get a share in a fast-growing industry that is changing our world right now.
STRUCTURE OF THE ERECOIN PLATFORM
The potential of the project is growing continuously. The erecoin platform will increase the interest of potential customers, because of the
high benefit and increase the coverage of services offered in the additive industry.
The main benefits of the erecoin platform are directly related to demand:
Space for design thoughts
The CAD data exchange community is a great place to bring engineers, developers, and designers of different profiles together.
Creativity that generates income is the dream of every designer.
The erecoin platform is open to new ideas
Every user of the platform has the opportunity to offer his or her project.
Openness for new cooperation
The erecoin platform has functional capabilities that can be adapted to other areas of economic activity. The existing ability to share
projects and apply smart contracts makes the erecoin platform extremely attractive to investors.
A significant increase in profits for service providers and developers
The simplification of contractual order design with Smart Contracts increases the order situation and reduces coordination
negotiations. The erecoin platform creates partnerships for the selection of the best developers and service providers.
Reliable and valid information about the condition of the data offered
The user successfully accomplishes additive technology projects at a reasonable price.
The simplicity of the transaction with the erecoin platform
The production of a prototype requires suitable 3D files and qualified as well as suitable service providers in the creation chain. In
the future, erecoin plans to use Smart Contracts at all stages of the transaction. This will significantly improve the quality and
reliability of transactions in digital product handling.
ADDITIVE MANUFACTURING AND BLOCKCHAIN
The idea behind the erecoin system is to implement a transparent and secure transaction in Additive Manufacturing. The digitization of
product development processes and the real value of digital data are of central importance. The flow of data between individual contract
partners in Additive Manufacturing is simplified by platforms that use erecoin and secured with Smart Contracts.
A real growing industry is creating more value for the users of the erecoin application with the technological merger of blockchain. The
attractiveness for users of the erecoin platform is further enhanced by the integration of information arrays (big data), input and output
virtualization and artificial intelligence. These technologies make it possible to document transactions and to solve licensing issues of 3D files
during data exchange
The erecoin system considerably simplifies reliable work with product data and makes additive manufacturing more transparent. Eerecoin as
a token also provides the ability to complete fast and reliable transactions. Data abuse by unsecured intermediaries is technologically
impossible and transaction costs and risks are minimized. Like this transaction for private and professional 3D printing will be transparent.
The erecoin users receive a wealth of information about their project to complete a safe and reliable transaction.
Service providers such as 3D print providers or 3D digitizers benefit directly from working on a platform. They offer their services on a
globally operating platform with blockchain-based transactions. This expands the customer base and scales distribution channels. The
placement mediation is carried out on the basis of smart contracts, so buying and selling of e.g. 3D models, digital services or the Additive
Manufacturing of components can be secured.
FUNCTION AS A UTILITY
Customers of the erecoin platform have the opportunity to acquire erecoin tokens (short: ERE) during the ICO (initial coin offering) phase.
After the ICO phase, new entrants will be able to acquire ERE from other users. If there is a scarcity of ERE, a prepared reserve will be
distributed. Within the erecoin system, ERE is used for the services offered. The token exchange can be carried out conventionally via crypto
The value of erecoin increases in proportion to the use of the utility tokens. This means that every new user of the erecoin system increases
the value of the overall system in proportion to the square of the number of users. The value of the platform increases. At the same time,
according to blockchain logic, it is not possible that too few utility tokens for transactions are available.
Likelihood of confusion: This ICO does not focus on speculative aspects as other token do. Erecoin only uses the system and procedures of
the cryptocurrency world to provide utility tokens for transactions. As with other finite resources, securing/buying a large number of utility
tokens can add value. However, operators protect the openness of the system for transactions
SECURITY IN A COMPLEX WORLD
The erecoin project combines blockchain with the additive technology. This enables reliable, transparent and fast transactions without
intermediaries. This guarantees security and cost efficiency for all participants because Smart Contracts define all conditions of an
agreement individually and uncomplicated. The erecoin system thus has a disruptive effect on conventional markets and accelerates the
introduction of Additive Manufacturing on a global scale.
INITIALIZATION OF ERECOIN SYSTEMATICS
The first step is the registration of the cryptotoken erecoin. It is based on Ethereum. Ethereum, as a cryptocurrency, is a distributed system in
the field of financial technology that enables the creation, management, and implementation of decentralized programs or smart contracts
in its own blockchain. It, therefore, represents an alternative to the classic client-server architecture.
Ethereum uses the internal crypto-currency Ether (shortened: ETH), which is processed by participating computers, as a means of payment
for transaction processing. Ether is the crypto-currency with the second-largest market cap after Bitcoin, as of October 2018. Eerecoin will
use ERE as its method for transaction processing.
The next step will be to design a platform that will take all existing transaction specificities of Additive Manufacturing and related
communications issues into account. To increase the operational efficiency of this platform, applications for smartphones and tablets are
planned. They should take the needs of all project participants into account, provide real-time information and prepare for the expected
widespread usage of additive applications.
The erecoin platforms transaction scheme primarily involves data exchange in the product development area and digital design trade such as
3D models or 3D services. With the help of smart contracts, the order is initiated in the overall system and data or services are compiled.
Government requirements, in particular taxes or restrictions, will be deducted and regulated in the transaction. This process allows global
networking of Additive Manufacturing taking intergovernmental agreements and national requirements into account.
Users can choose their preferred payment method. The transaction for the payment process will be opened and the amount is first debited
from the buyer and credited to the seller after a successful transaction.
PROCESS OF A TRANSACTION
The transaction involves the provision of agreed services, e.g. Products or services are transferred from the seller to the buyer. If it is a print
job, the products are manufactured and delivered via a logistics company. The delivery can take place via the customer's prioritized logistics
companies or automatically predefined logistics companies. After receiving the product or service, the buyer must confirm if the goods meet
the agreed requirements. In the application, e.g. Data are sent in a defined format or 3D products meet defined quality criteria. If there are
any discrepancies or problems with the data or products, the customer can enter into dialogue with the seller via the erecoin platform. The
seller examines the problem and agrees with the buyer within the transaction. If no agreement is reached between the buyer and the seller
within a certain period of time, the transaction will continue with the deactivation of the digital delivery and a refund of the debited amount.
If both parties agree, the token will be credited to the seller's crypto purse. After a transaction, both parties can review in an internal
evaluation and qualification system.
On the other hand, erecoin uses a fee structure that integrates a provision in the transaction. The fees are used as a source of revenue for the
maintenance and further development of the platform. The fee structure provides several options: If the buyer pays with a cryptocurrency,
1.5% must be paid to the platform developers and 0.5% to finance ERE. If the buyer uses ERE, 0.5% will be levied to finance the erecoin
PRIVATE AND PRE ICO PHASE
At the beginning of the erecoin project, the attractiveness of the platform is important. Therefore, spreading the token ERE should help to
increase brand awareness. Despite the trading function of ERE, the secure transaction with smart contracts in the blockchain or within the
erecoin platform remains primary.
The erecoin project intends to have a timeframe of 18 months. During this period, three phases of the ICO are set as milestones. The
functionality of ERE as a utility token should be developed and implemented iteratively. Participants receive the service provided
incrementally on the erecoin platform.
GROWTH OF ADDITIVE MANUFACTURING
The Additive Manufacturing industry has experienced a strong upswing in recent years, growing fivefold from 2008 to 2018. Currently, a
further development up to a doubling of the market volume is expected until 2023.
High revenue with additive products causes an increased demand from machine and material manufacturers. A proof of demand is the
worldwide positive cost development of additive metal production from 2013 to 2018. Costs are forecasted to drop further by 2023.
Parallel to the plants and products, further branches of the Additive Manufacturing industry, such as Reverse engineering, design, and
component post-processing, develop.
SCOPE OF APPLICATION/ APPLICATION DISTRIBUTION OF ADDITIVE MANUFACTURING
The professional application of Additive Manufacturing as a part of the value chain in individual industries in the future is shown with the
following percentage distribution, cf. Figure, in a global survey of companies in 2016.
Surveys by AM machine manufacturers on their customers show that the scope of application of Additive Manufacturing is still very diverse.
Mostly they are functional parts and function prototypes.
MOST-USED ADDITIVE PROCEDURES 2018
The most widely used additive processes in 2018 represent a variety of processes and frequency of use. The figure shows a high level of
acceptance of plastics in additive manufacturing. The plastic processes are followed by metals with laser and Electron Beam Melting and
represent a broad application in industry.
Token for sale
2,000,000 EUR (2,268,000 USD) 12,000,000 EUR (13,608,000 USD) ETH, BTC United States of America Yes Yes
PreICO price: 1 ERE = 0.00035 ETH
February 18, 2019 – March 04, 2019 : 20% March 04, 2019 – March 18, 2019 : 15% March 18, 2019 – April 01, 2019 : 10% April 01 , 2019 – April 16, 2019 : 5>#/p###