By decentralizing the supply chain, manufacturing is set for evolution
The manufacturing sector is one of those aspects of life that you can take for granted. It works well, and it seems to be getting better – but like the inner workings of a television set, you probably don’t know why or how the result comes about.
These logistical processes in themselves are fascinating in the post-globalization world in which we live, and their performance and development are largely underpinned by industrial developments in technology and standards.
In fact, terms have been coined to describe the various milestones achieved by these essential business sectors: ‘Industry 4.0’ denoted the increasing impact that interconnectivity has had across the supply chain.
‘Smart Manufacturing’ is a more recent term that refers to similar principles, though it is more representative of recent developments and official government recognition (this is evident from the establishment of the official ‘Smart Manufacturing Leadership Coalition’ or SMLC in 2012).
Smart Manufacturing 2.0: and Industry Redefined
As you’re reading this site, you’ve probably guessed that we are firm believers that the next evolutionary step will be attributed to Blockchain technology. In this circumstance, the progenitor of progress comes from a company called ‘Productivist’: with their decentralized Ethereum based side-chain/platform.
The platform’s team aims to utilize the inherently immutable, transparent, and exceptionally fast transaction (distributed ledger)