Blockchain technology is an peer to peer record keeping system that enables to securely record the data and sharing of information. Bitcoin and other cryptocurrency are built on blockchain technology. This technology has application in digital currency and financial system.
This technology has also application in manufacturing and supply chain management. Now many manufacturing company and IT company in process to use this technology widely in manufacturin sector.
Manufacturing sector requires 3D files models to be share with 3D printing vender and 3D printing machine. Using conventional sharing method for these 3D model files there is a high risk of IP theft.
The key application of this blockchain system are internet connectivity to the 3D printing maching and readable data from the printing machine. Blockchain system give an automatic audit trail enabling users to track and trace an process and it also prevent the possibility of IP theft.
IBM, Wipro and cognizent are developing blockchain system for the manufacturing and supply chain management.
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