Peter Rosengren presented our blockchain based solution for supply chain management and collaborative manufacturing at the IoT & Data Science 2018 conference in Vienna. The conference addressed the optimisation of automated business with data. As IoT and Big Data are currently connecting to the “Industrial Internet”, which uses sensors, applications and technologies to collect and analyse data from all possible sources, analysis results can be used to improve business processes, reduce costs, and unlock new revenue streams. In cooperation with our partners Atos and In-Jet we organised a workshop focused on the theme: “In the Wake of IoT – Digitalization of Everything from Supply Chain Management to Outdoor Rock Concerts”.
Blockchain technology enables IoT developers to create a new range of innovative applications that allows a set of independent actors to share data and execute business transactions in a trusted environment without having to use proprietary networks and centralised trusted third parties. The Blockchain represent a distributed ledger of transactions that all parties can share and trust. Potential applications range from financial transactions, food traceability to distributed electronic patient records, In the COMPOSITION project we are researching, developing and evaluating blockchain solutions for supply chain management and trusted product traceability to support factories of the future. Blockchains are also used to establish a trusted agent-based market place for automated tendering and negotiation supporting trading.