By now, blockchain technology has become interesting beyond the financial sector, in areas such as industry, energy, mobility and supply chain management – in all areas where the ability to trace and track products and services is important. Because blockchain will ensure that all the things that now have to be completed offline or through intermediaries can be handled more securely and transparently online in the future.
Industry 4.0 is currently on everyone’s lips and refers to the 4th industrial revolution.
At the heart of it lies the networking of the real and virtual world along with their possibilities within industrial business processes.
Thanks to the shared value creation in various disciplines, such as mechanical engineering, logistics, services and information technologies, all processes, machines, devices, sensors and people are connected, interacting and communicating with each other. Exactly these interdisciplinary approaches enable the technological approach of blockchain. This flexible intelligent networking results in the creation of the smart factory.
In this video, you can view the use of blockchain technology in supply chain management.