Mary Scianna 2018Click image to enlargeThere’s a new concept circulating in the manufacturing industry: blockchain technology. Many say it’s the second generation of the digital revolution and the latest in Industry 4.0 tools. 


Originally created as a digital database for Bitcoin and other crypto currencies, the technology is essentially a public ledger of transactions (blocks) linked together in a “chain.” These constant transactional records, which can be openly shared among different users and are unchangeable, are managed and shared by a distributed network of computers that link all of the information together. The blockchain contains a true and verifiable record of every transaction ever made in the system. It’s a new way of storing and sharing information securely, and according to the 2014 World Economic Forum, 10 per cent of global GDP will be stored on the blockchain by 2027.

To date, the technology has been used primarily in the finance industry, but increasingly, manufacturers are exploring it for traceability to verify goods moving through the manufacturing supply chain.

Wipro is one company that has developed blockchain offerings for manufacturing. Wipro is an information technology, consulting and business process services company. In an online article in Automation World, Wipro’s Sanjeev Ramakrishnan explains the offerings:

  • anti-counterfeiting: products are registered on the blockchain registry with a unique ID, key attributes are scanned for authenticity at each point of the product’s journey and originality is checked based on matching of key attributes and ID tracking, preventing counterfeits from reaching point of sale;
  • airworthiness certificates: digital assets of airliner parts are tracked through the manufacturing lifecycle of the airplane, providing an automatic audit trail enabling anyone in the chain to track and trace the state of an asset;
  • additive manufacturing: 3D model files are shared using file sharing systems, creating a risk of IP theft - but with Wipro’s blockchain technology, the files are shared using secure blockchain tools, providing “an automatic audit trail enabling users to track and trace the state of an asset.”

There are increasing examples of manufacturers implementing blockchain technology. One, identified by the Blockchain Research Institute, is Taiwanese electronics manufacturer Foxconn. It has been experimenting with “advanced cryptographic techniques and decentralized networks” to build a relationship among its suppliers, partners, factories and customers.

Many describe this technology as the second generation of the internet, and according to the Blockchain Research Institute, “blockchain holds the potential to unleash countless new applications and as yet unrealized capabilities that have the potential to transform everything in the next 25 years.”

The technology is still in its infancy, but like other emerging technologies —think AI and additive manufacturing—blockchain could evolve to become a critical and strategic tool in strengthening your manufacturing business. SMT

This watch is made from melted down guns

The Humanium Project uses metal from melted guns to make watches - and to bring attention to the global problem of armed violence.

Two friends with a passion for metalworking now build custom forging presses

Two friends who share a passion for metalworking have teamed up to build custom forging presses.

5 Benefits of 5 axis machining

by John Baresic

Why you may want to consider five axis machining for your shop

Seeing is believing

by Tim Wilson

To increase productivity, enhanced visibility is a must 

Today’s industrial landscape requires a lot from fabricators and job shops: they’re expected to deliver quality products to differing specifications, keeping their customers happy while ensuring margins.

Industry 4.0 for Fabricators

by Robin Stuhler

Countering increasing market pressure with interconnected solutions

11 excellent tricks with batteries

Ranging from practical to just fun, these are some pretty neat things you probably didn’t know you could do with batteries.

Manufacturing Daimler/Mercedes buses

Ever wondered how Daimler/Mercedes buses are manufactured? Watch this video to see how of the company's European plans produces these high end buses.

Auto designer Chris Bangle's wild new EV design

Chris Bangle is well known among the auto industry for his innovative automotive designs. See his latest "wild-looking" vehicle.

Your business: Certified to fly

by Tim Wilson

Getting approval to machine aerospace parts worth the effort

Where Ferraris are born

Take a video tour of the high-tech Ferrari Manufacturing factory, where some of the world’s best sports cars are built.

Live Tooling for Lean

by Nick Bergmann

Live tool adaptor systems reduce the 7+1 wastes of Lean

Greater grinding in 8 steps

by Jim Jennings

It doesn't matter how efficient upstream processes are if grinding slows you down

New non-contact tool setting solutions from Renishaw

Building on the proven design of the existing NC4 system, Renishaw has introduced an enhanced solution to satisfy the demands of the rapidly evolving manufacturing environment.

High performance: how does your shop gauge it?

by Chris McDonald

Determining what defines high performance cutting tools

Finding opportunity (when it's not knocking at your door)

Manufacturers recognize the value of setting themselves apart in a competitive marketplace.

Stay In Touch

twitter facebook linkedIn