6 ways blockchain will benefit manufacturing

Written by Kayla Matthews
Published at : https://www.smartindustry.com/
Once a gleam in the eye of technologists, blockchain is now a reality—and an emerging competitive asset for business owners and other industry leaders. By the year 2030, the industries-wide “value add” of blockchain technology could top $3.1 trillion, according to Gartner. And yes, that means every industry—from financial services and food-and-beverage distribution to product testing, mining and energy generation.
Kayla Mathews discusses in depth the 6 ways in which manufacturing industry will benefit by implementing blockchain technology. Some of them are :
Smarter contracts and better client relationships
Lessen the pain of product recalls
Data mobility and protection
Prevent counterfeit parts and track material origins
Keep assets connected and secure
Cleaner exchanges of data between companies and customers
Read the entire article here :
https://www.smartindustry.com/blog/smart-industry-connect/6-ways-blockchain-will-benefit-manufacturing/