ARXUM Brings Blockchain to the Manufacturing Industry – Announcing ICO

Jun 07, 2018 at 10:02 // News
Guest Author

In a world that develops faster than ever and becomes more globalized and individualized by the day, it’s a challenge for manufacturers to keep up. Today's consumers want something more, something unique and tailored just for them.

But for manufacturers, this is too costly to provide. To meet the new demand, ARXUM, a company run by experienced German engineers, provides a solution based on blockchain technology. ARXUM’s Connection Box interconnects production machines in manufacturing facilities and even across factories, countries and continents. When connected to the ARXUM Connection Box, the machines can communicate on the ARXUM Production Network, downloading information like process orders directly from the blockchain. All information sent on the network is kept safe by ARXUM’s Production Protocol. The technology that ARXUM has developed saves time and radically lowers manufacturing costs. New business opportunities arise, as everyone have access to the network and can exchange information and services. Manufacturers can even provide consumers with personalized products – at the cost of mass production.

According to an article by the Boston Consulting Group (BCG), companies will spend an incremental €250 billion on IoT in 2020 (over and above their normal technology spending). The blockchain technology used in ARXUM can become a major part of this. ARXUM has already established relations with businesses who are integrating the ARXUM Connection Box in their system. And investors have bought ARXUM tokens in an initial investor round.



Through the ICO, the public can join and support this paradigm shift in manufacturing. The ARXUM token, AX, are used across the ARXUM Production Network and allow investors to benefit from the use of IoT and blockchain within manufacturing. ARXUM has submitted a proposal to the financial authorities of Switzerland, FINMA, and is waiting for the final approval to conduct the ICO. There is a total of 125,000,000 AX token. 80 % of the token are for sale, 16 % are for the team and 4 % are for the Bounty Campaign. The funds will be used for Industry-specific adaptations to ARXUM’s Production Protocol and for the market penetration and worldwide roll-out.

The Smart Contract is published on Github:

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