THE GLOBAL MANUFACTURING & INDUSTRIALISATION SUMMIT

KNOWLEDGE HUB

The transformation of manufacturing with blockchain

CONTRIBUTORS

DESCRIPTION

Supply chains are the most complex structures in the manufacturing sector, and their complexity poses challenges to business transparency, efficiency and accountability. While many companies currently use the break-fix model with after-sale service for their clients, there is room for improvements that will benefit the manufacturer and the end-customer. Blockchain has the potential to totally transform the landscape by reducing costs, enhancing transparency, optimising operational speed and efficiency, and simplifying data management, all of which will ultimately help the sector thrive.

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