Blockchain Technology In Mainstream Manufacturing

Recent global surveys by PWC and Deloitte found that most executives think blockchain technology is “scalable” and that it will be disruptive, resulting in revolutionary changes in operations, and that it’s likely to reach the mainstream. Among the industries said to be looking into it are financial services, healthcare and manufacturing. Thirty percent of executives surveyed said they were already participating in some sort of blockchain system. This post from Baker Hostetler, in addition to addressing some legal considerations, looks at how the technology works, who is currently using it, and how it’s being applied specifically in a number of manufacturing applications, including “smart contracts” and establishing the provenance of shipped goods.