Manufactory is developing the blockchain model for the manufacturing industry ecosystem. Our vision is to facilitate the digitisation of manufacturing data through Industry 4.0 and the Industrial Internet of Things (IIoT) and to provide an intelligent decentralised ecosystem that allows cyber-physical systems to easily interact with it. This will empower manufacturing facilities to maximise the efficiency of their assets and create intelligent manufacturing systems allowing any size enterprise to produce an exceptionally smart factory on a level not seen before.
Global Manufacturing is currently going through a technical revolution which has become known as “Industry 4.0”. There is increasing focus on smart factories and intelligent manufacturing systems that have a greater integration between the physical and digital processes, thus creating “Cyber Physical Systems”. Progression in technologies such as big data, artificial intelligence, edge computing, automation and the Blockchain has shown growth in output, increased income and resource optimisation. All of which are now a current and future requirement for any manufacturing supply chain. The idea that a swarm of connected, intelligent machines could combine to revolutionise factories and production processes promises a new industrial revolution, the fourth such transformation in the history of manufacturing, otherwise known as Industry 4.0. This term was first introduced and defined in 2011 at the Hannover Messe trade fair by the German Federal Government. The German Trade and Invest (GTAI) defines Industry 4.0 as: “A paradigm shift . . . made possible by technological advances which constitute a reversal of conventional production process logic. Simply put, this means that industrial production machinery no longer simply “processes” the product, but that the product communicates with the machinery to tell it exactly what to do.”