Manufacturing

Tesla is planning to deploy blockchain’s potential to increase the speed of order processing and shipment of raw materials to boost car manufacturing and minimize time wastage.

In the world of manufacturing and production, 2019 represented a passing year, poised between a weakening enthusiasm and the uncertainties of a framework also in terms of groundbreaking incentives including cryptocurrency and blockchain technologies, that were slow to recompose.

Authentication of vintage cars is one of the few cases in which Lamborghini, an Italian car manufacturing company, is experimenting with the Salesforce blockchain that the company launched a few months ago. The announcement was made in recent days at the Dreamforce 2019, the event that brought 180,000 participants to San Francisco.

Blockchain enables us to use Bitcoin in transferring value in a secure, immutable and transparent way. It is now around ten years since when Bitcoin was created by Nakamoto Satoshi, but in this short period, various authorities have managed to come up with ways in which blockchain can be utilized to the fullest. Now, Siemens AG, a German global conglomerate firm and the biggest industrial manufacturing firm in the continent of Europe, has started its journey of evaluating blockchain for different business use cases, such as modernizing the carsharing market.

New innovative technologies such as blockchain and distributed ledger technology adopted in day-to-day activities, continue to stand the test of time. With the growth of the giant companies turning to adopt Blockchain the trust in the future of this innovative technology grows respectively.

Blockchain technology has led Cloud to play a special role as an enabler so as to increase the ability of an Italian Chief Financial Officer (CFO) to function, not only in finance but also in sectors such as Agrifood, supply chain, manufacturing and others, according to Blockchain and Distributed Ledger 2019 Observatory. Italy has more than 76% of these blockchain-related projects.

Shortly after ARXUM’s ICO announcement, the Singaporean blockchain advisory and private investment group Coinbar invested in the ARXUM project.

In the world of manufacturing, Industry 4.0 and the Internet of Things are game changers. If we also bring Blockchain to the table, the possibilities are endless. Manufacturing becomes automated and cheaper. The industry becomes decentralized and users all over the globe can come together on a single network to produce goods. Manufacturers could even produce mass-customized goods at the price of mass production.

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.