Automation Alley

Consultancy : Trade Group : Regional

Website

Troy, Michigan, United States

Automation Alley is a World Economic Forum Advanced Manufacturing Hub (AMHUB) for North America and a nonprofit Industry 4.0 knowledge center with a global outlook and a regional focus. We facilitate public-private partnerships by connecting industry, education and government to fuel Michigan’s economy.

Assembly Line

Here's How to Prepare for Blockchain

Date:

Author: Jim Biehl

Topics: blockchain

Organizations: Automation Alley

The potential benefits of blockchain technology for manufacturing cannot be denied. Imagine being able to track your products from raw materials to final use in the event of potential contamination or a critical product recall — something that can cost companies on average more than $8 million.

Many manufacturers use blockchain beyond the traditional tracking of financial transactions and accounting records. Manufacturers can use the technology to store legal contracts, track product inventory and monitor movement along the supply chain

Read more at Automation Alley