How are Electronics Manufacturers Using BLOCKCHAIN TECHNOLOGY?

摘要

In last month's introduction to blockchain technology,1 we noted how the technology offers a way to automate and simplify multiparty processes that are time-consuming, resource-intense, and therefore costly. We often summarize this sort of process as "high-friction." But pioneers in applying blockchain to improve multiparty processes learned early that it wasn't enough to find a process that was slow or frustrating. There needed to be a quantifiable performance (often financial) benefit as well. This wasn't always easy to establish. Unlike applying automation to improve internal processes, the "friction" in multiparty processes occurs outside an organization. As a result, the costs and performance issues caused by that friction may not be captured well enough inside the organization to understand its true impact.