How blockchain can improve manufacturing efforts in 2019
- The business value-add of blockchain will grow to slightly more than $176B by 2025, then exceed $3.1T by 2030 according to Gartner.
- Typical product recalls cost $8M, and many could be averted with improved track-and-traceability enabled by blockchain.
- Combining blockchain and IoT will revolutionise product safety, track-and-traceability, warranty management, Maintenance, Repair & Overhaul (MRO), and lead to new usage-based business models for smart, connected products.
- By 2023, 30%...