Blockchain Smart Manufacturing .pdf
- 2. John Ward Founder & CEO of ServBlock Blockchain & Smart Pharmaceutical Manufacturing
- 3. Introduction – What is Distributed Ledger Technology? • Distributed Ledger Technology (DLT) is a decentralized system for recording, storing, and sharing data across a network of computers, called nodes, without the need for a central authority or intermediary. • DLT offers increased transparency, security, and resilience compared to traditional centralized systems. Blockchain is a prominent example of DLT
- 4. Introduction – What is a Blockchain? • Blockchain is a decentralized, digital ledger technology that securely records transactions across a network of distributed computers, called nodes. • The transparency, immutability, and consensus-driven nature of blockchain make it ideal for applications such as supply chain management, and secure data storage. • It enables trustless transactions, reducing the need for intermediaries and providing enhanced security, traceability, and efficiency
- 5. Introduction – What is an NFT? • A Non-Fungible Token (NFT) is a unique, indivisible, and non- interchangeable digital asset that represents ownership of a specific item or piece of content. NFTs are built on blockchain technology, which provides a decentralized, secure, and tamper-proof way to verify their authenticity and provenance. • Each NFT has a distinct identifier that distinguishes it from other tokens, even if they represent similar items.
- 6. Introduction – What are NFT’s & Blockchain? = ? = ?
- 7. Introduction – What are NFT’s & Blockchain? = =
- 8. Introduction – What are NFT’s & Blockchain? = =
- 9. Introduction – Enabling Smart Manufacturing https://www.iso.org/publication/PUB100459.html
- 10. Introduction – Enabling Smart Manufacturing https://www.iso.org/publication/PUB100459.html
- 11. Introduction – Blockchain or DLT? Source: https://corda.net/why-corda/
- 12. Introduction – Blockchain or DLT? Source: https://corda.net/why-corda/
- 13. Introduction – Non-Fungible Tokens
- 14. Introduction – Smart Contracts • A self-executing contract with the terms of the agreement directly written into code. • Smart contracts are built on blockchain technology which allows for secure, transparent, and decentralized transactions between parties without the need for intermediaries or legal entities.
- 15. Blockchain for Distributed Manufacturing • Blockchain is an enabler of distributed manufacturing due to its unique properties, which facilitate collaboration, data sharing, and process automation across multiple companies, manufacturing facilities and locations
- 16. Key Benefits for Distributed Manufacturing • Enhanced Supply Chain Transparency and Traceability • Improved Operational Efficiency and Cost • Strengthened Compliance and Quality Control
- 17. Decentralization • Allows for distributed decision-making and operations • Advantageous for distributed manufacturing, as it enables a seamless and secure exchange of information between different manufacturing units • Better coordination and increased efficiency
- 18. Data Security and Integrity • Tamper-proof and secure digital ledger, blockchain ensures that the data shared among different manufacturing facilities and companies • Enhancing trust among stakeholders • Maintaining quality and operational efficiency in a distributed manufacturing environment
- 19. Automation Through Smart Contracts • Smart contracts can be used to automate production planning, scheduling, inventory management, and quality assurance processes. • This automation leads to standardization across different manufacturing facilities, improving overall efficiency and reducing human errors
- 20. Real-time Collaboration and Traceability • Enables end-to-end traceability of products and components throughout the distributed manufacturing process • Provides a comprehensive view of the entire production process. This visibility allows stakeholders to identify bottlenecks, inefficiencies, and potential risks, enabling them to optimize operations and make more informed decisions
- 21. Summary • Decentralization: Seamless and secure exchange of information between manufacturing units, enabling better coordination and increased efficiency • Data Security and Integrity: Tamper-proof and encrypted data sharing, ensuring consistency and reliability across different facilities • Collaboration with Permissioned Access: Controlled data sharing among stakeholders, enhancing collaboration while maintaining data privacy and security • Smart Contracts: Process automation and standardization, improving efficiency and reducing human errors • End-to-End Traceability: Comprehensive visibility throughout the production process, enabling optimization, risk mitigation, and informed decision-making
- 22. Too Long; Didn’t Read • Blockchain is not Crypto • NFTs are more than expensive pictures of monkeys • The true value of blockchain lies in enabling distributed manufacturing
- 23. Questions and Answers? Contact Us • John.ward@servblock.com • www.servblock.com