MANUFACTURING 4.0

Blockchain

Blockchain for Manufacturing & Logistics 4.0

We have reached a turning point: Blockchain is an essential “seal” of guarantee for products and raw materials, protecting the consumer

“Blockchain applied to the traceability of products, raw materials, processes in manufacturing supply chains and supply chains themselves will significantly change the way information is shared between companies in the near future by guaranteeing flexibility and security in transactions.”
In reality this has already happened, this is the present in the Industry 4.0 era.
Ongoing digital transformation, driven by the changing approach of new generations of consumers towards big global brands, has forced a rapid and unexpected acceleration towards the adoption of Blockchain technology for consumer protection.

But in the world of manufacturing, is the perspective of looking at a blockchain project always the same?

Let us explain…
The main features of blockchain technology are register immutability, transparency, transaction trackability and security based on cryptographic techniques.
Blockchains allow a database to be managed in a distributed manner. From an operational point of view, it is a valid alternative to centralised archives and makes it possible to manage the updating of data with the collaboration of network participants, with the possibility of having data that is immutable, shared, accessible and distributed to all participants.
In practice, it allows data management in terms of verification and authorisation without the need for a central authority. We can define the Blockchain as a new generation of Internet, or even better an Internet of transactions, introducing a new concept of trust.
In this context, the Blockchain should be seen as a digital platform that enables the development of a new form of social relationship, and which, thanks to all-round participation, is able to guarantee everyone the ability to verify, control and have total transparency of acts and decisions, which are recorded in archives that are unalterable, unchangeable and therefore immune to corruption.

FasThink, a technology leader in the identification and trackability sector, provides the industry with a Blockchain Consulting Unit for the development of advanced solutions in Manufacturing & Logistics 4.0 applications

With the help of the proprietary Connect Orchestrator by FasThink platform, it is possible to create a unique combination in the development of Blockchain solutions where an individual company is able to provide Blockchain expertise while at the same time selecting and providing its customers with the most suitable Auto-ID technologies and IoT devices, making the data acquisition and integration process smoother, more flexible and faster.