Blockchain use cases

Manufacturing

Manufacturing

The global blockchain in the manufacturing market reached a value of US$ 717.6 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 17,047.8 Million by 2027, exhibiting a CAGR of 66.40% during 2022-2027. Manufacturing appears to be in good shape, but this is not always a sign of future success. To maintain its growth trajectory, the industry will require 3.5 million new jobs over the next ten years, but only around 2 million of those positions will be filled because of a skills gap in the labor supply. As the economy continues to globalize, supply chains get more intricate and knotted, and a lack of expertise in the field will only make managing these supply chains more expensive and stressful.

UseCases

Trust

Industrial and real-world operators are currently going through a transformation centered on highly automated data-driven operations and remote working. The inadequacy of previous network-layer isolation security techniques exposes operational technology systems that are susceptible to cyberattacks.

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Problem

Industrial and real-world operators are currently going through a transformation centered on highly automated data-driven operations and remote working. The inadequacy of previous network-layer isolation security techniques exposes operational technology systems that are susceptible to cyberattacks.

Solution

In order to provide safe access and secure collaboration, operators can immediately create or revoke groups and rules for devices, applications, and individuals. A tamper-proof audit log keeps track of each access attempt. Policies (such as those for multi-factor authentication, device password rotation, and access control) are created centrally but distributed and implemented independently in the field by the Fabric. By doing this, uptime is increased and inline reliance on remote assets is eliminated. Additionally, Blockchain can help safeguards legacy systems by identifying any illegal changes and thwarting compromise attempts.

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