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The role of blockchain in manufacturing

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  • The role of blockchain in manufacturing

    Manufacturing Global examines the influence of blockchain technology in the industry

    As factories around the world become increasingly interconnected, the influence of blockchain is becoming more prevalent. The Factory of the Future spans across a whole network of machines, parts, products and value chain participants, including machinery providers and logistics companies. Now, more than ever before, manufacturers face the challenge of securely sharing data within and outside factory walls.

    To work out the best place for blockchain, a manufacturer must conduct a structured assessment which begins with identifying the company’s current business problems and future needs. Subsequently, it can then explore how it leverages the technology to relieve the factory’s pain points and addresses its needs. Equipped with a strong understanding of the opportunities and challenges it faces, the manufacturer can then choose the most appropriate option from the available technology solutions.

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