Why blockchain will be a gamechanger for manufacturers
The world as we know it has changed significantly in the last decade. As Executive Chairman of the World Economic Forum, Klaus Schwab, said way back in 2015, we are currently living through what could be considered as the Fourth Industrial Revolution.
Robotics, AI, quantum computing, fully autonomous vehicles and more are changing the way we work, the way we communicate and, importantly, the way we store and share information.
The manufacturing sector is no exception, and it is currently seeing a resurgence of interest in next generation technologies, with blockchain in particular capturing the imagination of many. Its application in cryptocurrencies, the broader ramifications of being able to store information in a decentralized manner, and its facilitation of smart contracts could pave the way for a complete overhaul in the way we make new products. But what exactly is blockchain technology, can it be beneficial to your business and if so, how?