The application of blockchain blossoms everywhere, the manufacturing industry blooms brilliantly [full text]

If the technology of the Internet of Things, cloud computing, big data, blockchain and other technologies are compared to a slim and diverse flower, each flower has a different fragrance and color, and is embellished with A vibrant "Technology Garden". In recent years, the application of blockchain in various fields is in full swing, and its commercial value has also attracted the attention of many researchers. It has become an industry consensus to accelerate the application of blockchain in various fields.

At present, the application of blockchain in finance, logistics, retail and other fields is becoming more and more popular, and the involvement of the academic community in the field of blockchain in organization and academic research is also deepening. As far as the domestic is concerned, the blockchain has not only stayed in the theoretical exploration stage, but also through the in-depth integration with all walks of life to make the application of related technologies really landed.

At the same time, both financial investors and Internet giants represented by Alibaba, Baidu, and Tencent have begun to deepen their efforts in the blockchain industry. "Blockchain" gradually changed to "how to use blockchain", players from all walks of life hope to reshape the operating system built by Internet technology through the use of blockchain to find new opportunities for the development of manufacturing, finance, logistics, retail and other industries direction.

The transparency, immutability, traceability and privacy protection of data information all embodies the characteristics of blockchain. Based on this, practitioners in the real estate, charity, medical, transportation and tourism industries are currently actively exploring new feasible ways to combine blockchain with industry development. Some market research institutions also analyzed the current application status of blockchain in various fields and made predictions on its development trend in the future.

According to the “Ping An Blockchain White Paper (2019)” jointly prepared by Ping An Blockchain Research Institute and IDC, from the perspective of industry applications, finance, manufacturing, and retail have invested heavily in blockchain. The market expenditures of these three industries in 2018 accounted for more than 75% of the overall market expenditures.

Some analysts believe that blockchain has great application space in the field of manufacturing, and its role in the transformation and upgrading of manufacturing in the direction of intelligentization is particularly worthy of attention. Overall, the most valuable applications of blockchain in the manufacturing industry are: connecting distributed manufacturing resources, enabling asset lifecycle management, ensuring end-to-end additive manufacturing (AM) processes, and increasing supply chain visibility Sex.

After using blockchain technology, manufacturing companies can conduct production data chaining, form signing chaining, and equipment information chaining to integrate product manufacturing, traceability, and warehousing into a unified management system. Operation and maintenance costs, and provide corresponding technical guarantee for enterprises to improve their management level.

Combined with blockchain technology, factory managers can also trace products to their source. After the raw material suppliers of each product, the entire processing process, quality information, processing equipment number and other information are all uploaded through the blockchain, each unit in the entire supply chain can clearly understand the trueness of each branch factory 'S operational status. When it comes to data analysis and the capture of information such as equipment production data and processing parameters, of course, it is also necessary to comprehensively use technologies such as big data, cloud computing and the Internet of Things.

In fact, in addition to the manufacturing industry, blockchain also has a very broad application space in the fields of origin traceability of agricultural products, personal electronic identity authentication, stock and securities trading and other fields. With the continuous acceleration of industrial structure adjustment and technology upgrade in various industries, blockchain is expected to usher in a new round of outbreaks, and the scale of China's entire blockchain market is likely to expand rapidly.

According to the statistics released by IDC in the "Global Semiannual Blockchain Support Guide", China's blockchain market expenditure reached USD 160 million in 2018, an increase of 108% over 2017. At the same time, more companies plan to increase related budgets in the future. Affected by this, it is expected that the Chinese blockchain market will maintain rapid growth in the last three years. In 2022, China's blockchain market spending is expected to reach 1.67 billion US dollars.

Despite the huge potential of blockchain applications, from the current point of view, its application in the manufacturing industry is still in its infancy, and it still faces many challenges in specific implementation, such as: selecting the appropriate blockchain protocol, protecting digital physical interfaces, and ensuring Network and user interface security, etc. If these problems can be properly solved, the actual promotion and application of blockchain will become more secure and easier.

No matter the Internet of Things or the blockchain, the impact of technology on people ’s lives cannot be ignored. Correct attitude, positively feel and embrace this change, will have more sense of gain in the process of learning and applying blockchain and other technologies!