News

What are Smart Contracts and How Are They Used in Manufacturing?

October 5, 2018

In a world where smartphones and even smart cars are becoming the norm, we desire everything to be “smart” with more artificial intelligence to offload the burden of doing complex tasks. Manual contracts in businesses or manufacturing, for example, hinder productivity, efficiency, and trust, thus increasing the cost of business operations. In the age of computers, it…

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Introduction to Ricardian Smart Contracts for Manufacturing

October 1, 2018

What is a Ricardian Contract? A Ricardian contract is a legally binding agreement on the blockchain. It is an ordinary text document that is readable by both humans and machines. This type of contract was conceived in the 1990s by…

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Five Blockchain Use Cases for Manufacturing

September 24, 2018

  Bringing a product from factory to market is currently a slow and expensive process. Supply chains are fragmented among hundreds of organizations and multiple ledgers, making them prone to security problems and vulnerable to fraud, and defective products, leading…

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ARXUM – A Global Production Network, Driven by Blockchain

September 22, 2018

 Jens Harig and Markus Jostock had the opportunity to sit down with Michael Waitze and discuss ARXUM project, ideas and people behind it and it’s usability in manufacturing world. Watch the interview here: Web:  MichaelWaitz-ARXUM Sound Cloud : MichaelWaitzPresents-Podcast33

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Solving Supply Chain Problems Using Blockchain Technology

September 21, 2018

Blockchain technology is fairly new in the business world and its applications are just emerging in the commercial arena. Experts believe that it may be possible for businesses to use this technology,despite its infancy, to create a greater edge over competitors. But what is this blockchain technology? In short, it is a distributed ledger that can permanently record verifiable transactions between two parties. A distributed ledger means that it is…

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Match Made in Heaven for Manufacturing: IoT and Blockchain

September 19, 2018

  The world is becoming more interconnected as technology becomes smarter thanks to AI and IoT. IoT, or Internet of Things, is a network of physical devices embedded with electronics and sensors connected to the Internet, exchanging data with other…

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GLASSLINE relies on ARXUM for implementation of Blockchain technology

September 4, 2018

Zug, 30. August 2018. ARXUM’s innovative blockchain solutions for manufacturing benefits GLASSLINE in their production of frameless glass architecture. GLASSLINE is developing new process and portal solutions and by integrating ARXUM’s Production Protocol, they can greatly increase their customer satisfaction. GLASSLINE,…

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A Blockchain-Based Solution to Intellectual Property Theft

August 28, 2018

Intellectual property (IP) theft is a huge problem within the manufacturing industry. IP theft costs businesses up to $600 billion per year in the U.S. alone. The motives for IP theft are usually financial. Competitors steal ideas from others so…

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How IoT can reduce machine downtime in manufacturing

August 22, 2018

The true cost and impact of factory equipment downtime can be difficult to quantitatively measure on an hourly basis. However, manufacturers’ successes depend on customer satisfaction. Customers get dissatisfied when their products aren’t delivered in time or when they receive…

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First IOTA, now EOS – ARXUM becomes blockchain agnostic

August 20, 2018

After having integrated the IOTA Tangle in the ARXUM Production Protocol, the second  Proof-of-Concept (PoC) has been achieved already. EOS is now successfully implemented in the ARXUM Production Protocol and solidifies ARXUM’s path to become a truly blockchain agnostic solution.…

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Solutions to Top Manufacturing Pain Points

August 10, 2018

Compliance with Industry Standards and Regulations Manufacturers are always under high scrutiny in procedures relating to product safety, waste disposal and reclamation procedures. On top of increased scrutiny and strict industry standards, regulations are updated frequently, making it difficult for…

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How Products Can Be Mass-Customized to the Specific Needs of Customers

August 8, 2018

The true power of any industry could be realized by economies of scale. In most industries, the fastest growing products were mass-produced and standardized in order to get the cheapest and fastest product with a consistent quality. The downside to…

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