Abstract

In this paper, blockchain is explored from the perspective of what can been learnt from research conducted in financial markets. It is concluded that the digital aspirations of what has come to be termed “Industry 4.0” could be enhanced by the application of blockchains in advanced manufacturing. Our core finding is that blockchain can be used to provide advanced manufacturers with secure ownership verification, parts and order validation. We have learnt from financial applications that blockchain can offer a robust and resilient method of record history indexing that can be distributed and stored over the internet. We advise, however, that It is not as scalable a storage tool, as is widely perceived. Stored information must be carefully considered by manufacturers. We suggest that it is its data management capabilities that make it useful in the advanced manufacturing.
LanguageEnglish
Place of PublicationGlasgow
PublisherUniversity of Strathclyde
Number of pages34
Publication statusPublished - 30 Aug 2017

Fingerprint

Information management
Internet
Industry
Financial markets

Keywords

  • blockchain
  • advanced manufacturing
  • Fintech

Cite this

@book{f1ff5886f506452fa84f1b960cd5d48b,
title = "Utilising financial blockchain technologies in advanced manufacturing",
abstract = "In this paper, blockchain is explored from the perspective of what can been learnt from research conducted in financial markets. It is concluded that the digital aspirations of what has come to be termed “Industry 4.0” could be enhanced by the application of blockchains in advanced manufacturing. Our core finding is that blockchain can be used to provide advanced manufacturers with secure ownership verification, parts and order validation. We have learnt from financial applications that blockchain can offer a robust and resilient method of record history indexing that can be distributed and stored over the internet. We advise, however, that It is not as scalable a storage tool, as is widely perceived. Stored information must be carefully considered by manufacturers. We suggest that it is its data management capabilities that make it useful in the advanced manufacturing.",
keywords = "blockchain, advanced manufacturing, Fintech",
author = "Colin Andrews and Daniel Broby and Greig Paul and Ian Whitfield",
year = "2017",
month = "8",
day = "30",
language = "English",
publisher = "University of Strathclyde",

}

Utilising financial blockchain technologies in advanced manufacturing. / Andrews, Colin; Broby, Daniel; Paul, Greig; Whitfield, Ian.

Glasgow : University of Strathclyde, 2017. 34 p.

Research output: Book/ReportCommissioned report

TY - BOOK

T1 - Utilising financial blockchain technologies in advanced manufacturing

AU - Andrews, Colin

AU - Broby, Daniel

AU - Paul, Greig

AU - Whitfield, Ian

PY - 2017/8/30

Y1 - 2017/8/30

N2 - In this paper, blockchain is explored from the perspective of what can been learnt from research conducted in financial markets. It is concluded that the digital aspirations of what has come to be termed “Industry 4.0” could be enhanced by the application of blockchains in advanced manufacturing. Our core finding is that blockchain can be used to provide advanced manufacturers with secure ownership verification, parts and order validation. We have learnt from financial applications that blockchain can offer a robust and resilient method of record history indexing that can be distributed and stored over the internet. We advise, however, that It is not as scalable a storage tool, as is widely perceived. Stored information must be carefully considered by manufacturers. We suggest that it is its data management capabilities that make it useful in the advanced manufacturing.

AB - In this paper, blockchain is explored from the perspective of what can been learnt from research conducted in financial markets. It is concluded that the digital aspirations of what has come to be termed “Industry 4.0” could be enhanced by the application of blockchains in advanced manufacturing. Our core finding is that blockchain can be used to provide advanced manufacturers with secure ownership verification, parts and order validation. We have learnt from financial applications that blockchain can offer a robust and resilient method of record history indexing that can be distributed and stored over the internet. We advise, however, that It is not as scalable a storage tool, as is widely perceived. Stored information must be carefully considered by manufacturers. We suggest that it is its data management capabilities that make it useful in the advanced manufacturing.

KW - blockchain

KW - advanced manufacturing

KW - Fintech

M3 - Commissioned report

BT - Utilising financial blockchain technologies in advanced manufacturing

PB - University of Strathclyde

CY - Glasgow

ER -