ARXUM PRODUCTION PROTOCOL VIDEO
ARXUM revolutionizes the manufacturing industry by interconnecting manufacturers, suppliers and customers in one network. The network lets data be transferred effortlessly between the users, enabling customized manufacturing for the same price as mass production – for the first time in history. In turn, a completely new marketplace is created, where everyone can participate. ARXUM uses blockchain technology and is run by a team of experienced engineers. Watch our video to learn more about how we change the manufacturing world as we enter Industry 4.0.
ARXUM is a team of experienced industrial engineers. We tackle problems in the manufacturing industry by interconnecting manufacturers, suppliers and customers in a blockchain-based network. Data can be transferred effortlessly between the users and machines, enabling customized manufacturing for the same price as mass production - for the first time in history.
ARXUM is based on a longtime existing German company in the field of process automation – Arend Prozessautomation GmbH. The businesses are separated to clearly distinguish between ARXUM's software and Arend's services. ARXUM combines software and hardware development competences with industrial production experience to attach physical machines to the Blockchain world. Arend provides engineering services in the field of industrial process automation and robotics.
What problems does the manufacturing industry face today?
Today's consumers want something more, something unique and tailored just for them. But for manufacturers, this is too costly to provide.
Manufacturers, clients and suppliers are scattered all over the globe, which makes it hard and expensive to communicate.
Older IT-systems are incompatible and production orders take hours of human labour to do.
Older machines are incompatible with one another and aren’t connected to the internet.
Documentation of production processes, shipping, proof-of-existence and proof-of-ownership is expensive.
The industry doesn’t have a trustless payment system, so it must tie up funds in a trust account.
How Does It Work?
The ARXUM Connection Box (ACB)
The ARXUM Connection Box (ACB) is a device invented by our experienced team of engineers and programmers. It connects the physical world of machines to the blockchain. Through the ACB, machines are connected to smart contracts. The ACB can also receive and send payments and initiate production. That way, less manual labour is needed in the production process. ARXUM uses blockchain technology to automatically send production orders. Enormous amounts of money are saved by replacing manual labour with standardized framework contracts.
The ARXUM Production Network
When the ARXUM Connection Box is linked to production machines, a blockchain-based network is established. This is the ARXUM Production Network. The machines can interact with one another on the network and production orders can be downloaded straight from the blockchain. Easy! The network also works as a marketplace where individuals and businesses can interact and produce goods together.
The ARXUM Production Protocol
The ARXUM Production Protocol is what automates the manufacturing processes. It connects businesses, individuals and production machines with one another through smart contracts. It also delivers end-to-end visibility within everything that happens during the production. This includes things like proof of ownership, proof of existence, location and provenance.
These features enable Intelligent Production Facilities. Intelligent machines connected directly to the blockchain can exchange information and control one another. This includes machines with crypto-wallets that can pay other machines for actions, so called M2M payments.
How do consumers benefit from ARXUM?
A customer can for example have an old car part, that no longer exists on the market, re-manufactured.
Shoe retailers can offer each customer a customized shoe. Style, sole, cushioning, anything the customer could possibly want can be customized and produced immediately.
A customer buying a new car can customize the cars style and features. Even changes up until a few weeks before delivery can be made.
Because consumers can send their orders straight to the factory, they save time and money.
All participants of the ARXUM platform save money and time through the direct connection between factories and users.
ARXUM makes it possible to produce customized products at the price of mass production. It also gives people the opportunity to produce their own creations in a new marketplace. Manufacturers connected to the ARXUM Production Network benefit from secure connectivity, standardized technology and rich data attachments with each production order. All participants of the ARXUM platform save money and time through the direct connection between factories and users.
ARXUM's Production Network based on blockchain technology outperforms today's infrastructure. It lowers costs, increases processing speed and delivers end-to-end visibility of production fees, timing and delivery.
Blockchain technology keeps intellectual property secure. This also applies to:
• The procurement process,
• The proof of the manufacturing process and ownership
• The logistic process
• The service payment
Founder & Management
MARKUS JOSTOCK, PHD
Founder & Managing Director ARXUM
Markus is a seasoned management professional with more than 15 years' experience in full-stack software design and development.
He is responsible for the development of the ARXUM Connection Box with strong cyber security features and technology expertise in the field of Industry 4.0, Cyber Security and Blockchain applications.
Jens Harig, Dipl.- Ing.
Founder & Managing Director ARXUM
Jens is an experienced Manager with a technical background. A Venture capital investor in the phase of introducing the Internet and mobile technologies and experienced with IPO's. He spent more than 15 years in the IT industry.
He was CEO/ CFO of a rapidly growing, listed IT-company (IT services, software and mobile technologies) with subsidiaries in Germany and other European countries.
ARXUM, a global provider of blockchain solutions for connecting the manufacturing industry with customers and suppliers, obtains a seven-digit Euro investment from FinLab EOS VC
Kaiserslautern/Frankfurt, Germany, July 1st, 2019 – Arxum GmbH, a provider of blockchain solutions for connecting the manufacturing industry with customers and suppliers, has raised a seven-digit Euro financing from FinLab EOS VC Fund, a venture capital fund backed by both Block.one, the publisher of the blockchain protocol EOSIO, and FinLab AG, one of Europe’s largest…Read More
Both technological advances and globalization are driving the transformation of the manufacturing sector. In fact, this sector is undergoing a total overhaul with new Industry 4.0 technologies such as blockchain’s distributed ledgers, industrial Internet-of-Things (IoT), and Artificial Intelligence (AI). Each technology plays a unique role in the sector’s transformation: ● IoT: Industrial IoT is where data…Read More
The manufacturing sector, which has made a truly remarkable comeback throughout the globe, has an exciting future. Blockchain technology not only promises to bring lucrative opportunities to manufacturers—but also certain threats that companies should be aware of before diving deep into the novel technology. Opportunities There are so many opportunities for blockchain technology to lean…Read More
As a byproduct of globalization, supply chains are becoming increasingly complex and difficult to manage. Problems including intellectual property theft, counterfeit products, noncompliance, and product recalls continue to arise among global supply chains that lack visibility and transparency. Supply chains involve multiple parties across borders, IoT devices, RFID technologies, machine learning, and data storage.Supply chain…Read More
Blockchain technology holds a lot of promise for businesses and supply chains looking to increase efficiency and reduce costs. With the effects of globalization, supply chains have become complex—and broken. There has been a lot of noise about blockchain’s potential to solve the very core problems of traditional supply chains—reliability and integrity. But has anyone…Read More
Supply chains are grappling with business problems that are not easily solvable without increasing transparency and efficiency. Using a distributed ledger is emerging as one of the best ways to solve these problems. Blockchain technology is an excellent fit that solves the following business problems: 1. Determining Authenticity of Finished Goods When goods traverse their supply chains to reach the end…Read More