Unveiling the blockchain potential for the future of manufacturing: A multipurpose blockchain network

Carou D, Calles AF, Moreno MA, Palacios AM (2020)


Publication Type: Book chapter / Article in edited volumes

Publication year: 2020

Publisher: De Gruyter

Edited Volumes: Manufacturing in Digital Industries

Series: Advanced Mechanical Engineering

Book Volume: 6

ISBN: 9783110575422

DOI: 10.1515/9783110575422-002

Abstract

In the past decades, new technologies that relate to the Internet have been able to reshape the economy completely. Nowadays, blockchain technology is recognized as one of the new technologies with potential for completely transforming sectors such as banking. Nevertheless, the philosophy and basic principles in which the technology is developed may be applicable in other sectors such as manufacturing. Despite the technology is still immature, the technology can offer solutions to improving management and traceability in supply chains, fostering collaborative and open innovation, enhancing the use of certification, optimizing human resources management, developing improved R&D funding strategies and creating trust by means of online accounting. In this chapter, a multipurpose blockchain network is proposed to be used by all manufacturing actors involved in activities such as the aforementioned.

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How to cite

APA:

Carou, D., Calles, A.F., Moreno, M.A., & Palacios, A.M. (2020). Unveiling the blockchain potential for the future of manufacturing: A multipurpose blockchain network. In J. Paulo Davim (Eds.), Manufacturing in Digital Industries. De Gruyter.

MLA:

Carou, Diego, et al. "Unveiling the blockchain potential for the future of manufacturing: A multipurpose blockchain network." Manufacturing in Digital Industries. Ed. J. Paulo Davim, De Gruyter, 2020.

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