Most of the applications based on the BlockChain are in the financial domain (with insurance, financial exchanges, traceability of transactions), but this same technology can be applied to the industrial domain to optimise it.
In this article we will see the different possible applications in the industrial sector (which is the second most active sector after the financial sector to adopt Blockchain technology).
Automotive, aeronautics sector
The uses of the Blockchain in the automotive sector can be both direct and indirect. Some direct applications may be a "smart card" or a "smart phone". birth certificate "which will provide a seamless history of the vehicle or issue or a blockchain-based electronic wallet such as the e-wallet via the IBM and UBS Bank Cloud that will allow direct payment of tolls, parking fees, electric charging and even vehicle-to-vehicle payments or even to serve as a " parcel point "with access to the safe pre-programmed on the Blockchain
Car sharing will be possible, as will the Toyota Research Institute/Oaken Innovations or an automated insurance premium based on the use of your vehicle.
The applications that we call "indirect" concern the supply chain, which will make it possible to create a (public) ledger that will trace each component directly (with a non-modifiable trace) with information on their origins (non-modifiable - this is the principle of the Ledger), which will facilitate the global visibility of all the actors involved and which will serve to combat counterfeiting and defects in the supply chain. Boeing is currently implementing a solution in this sense.
Manufacturing sector
The same logic applies to the manufacturing sector, TradeLens, a partnership between IBM and Maersk is already in use now and handles millions of automated transactions daily, allowing for full transparency, better collaboration, simplified paperless and delay-free administration, better flow and better defect detection. Smartcontracts allow for automatic business rules, e.g. for purchase management, dispute resolution etc.
Transport sector
These applications will be applicable to the whole transport industry but let's take the case of airlines.
The Blockchain will be used to aggregate all documents on the pilot in charge of the aircraft, passenger data, the planned itinerary of the flight in real time, as well as via complex automatic processes where any changes or risks will be instantly notified.
They are developing blockchain-based applications that will allow you to carry all the necessary documents with you without any paper, to register your access rights (e.g. to VIP Lounges and other services), your luggage.
By incorporating blockchain technology into the supply chain, your loyalty programmes would be automatically calculated and tailored to you, places would be offered to you according to your placement preferences, customer complaints would be processed according to automated rules (for the most common cases) and thus reduce overall costs.
Blockchain has great potential
As you can see all aspects of a business can be improved with blockchain and be worthy of the best science fiction movies. It is no wonder that this sector is growing by leaps and bounds, companies need it, they can considerably optimize their management efficiency and costs.
Do you have a Blockchain-based project for your company or are you looking for a job that puts your skills to work on an innovative and ambitious project? Check out our website https://blockchaincontract.io/
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