Manufacturing Magazine January 2020 | Page 73

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BLOCKCHAIN

A recent Capgemini study found that gaining greater cost savings ( 89 %), enhancing traceability ( 81 %) and enhancing transparency ( 79 %) are the top three drivers behind the blockchain investments of manufacturers today . Meanwhile , Gartner predicts the business value-add of blockchain will grow to more than $ 176bn by 2025 , then exceed $ 3.1trn by 2030 . Combining blockchain and IoT will revolutionise product safety , track-and-traceability , warranty management and maintenance , while offering a platform for new usage-based business models for smart , connected products .
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