Blockchain in manufacturing

Strengthen supply chain and trading relationships while facilitating more ethical consumerism with provenance of components and manufactured goods

Workers looking up at winding printing press conveyor belts overhead

Overview

Enabling and trust and automation across boundaries

Manufacturing is often stretched across the world to best exploit the availability of raw materials, labor, funding and consumer markets at the most competitive rates. A single critical link can test the resilience of the entire operation because companies are bound closely together by long, international chains of supply and demand. 

IBM Blockchain enables trusted data exchange and workflow automation across organizational and national boundaries. This helps to strengthen fragile supply chain and trading relationships ravaged by the pandemic and facilitates more ethical consumerism by tracking the provenance of components and manufactured goods.


Benefits

Get trusted supply chain provenance Obtain provenance information about every component part in a product with IBM Blockchain’s immutable asset register. The greater degree of accuracy makes it easier to audit the process, root out counterfeit items and eliminate inappropriately sourced raw materials. Strengthen trading partner relationships Effectively manage distributed supply ecosystems through extended visibility and by addressing cost and complexity issues within supply relationships. Streamline new supplier onboarding by reducing reliance on paper-based certifications and manual approval processes. Reduce financial friction Increase data visibility to immediately identify discrepancies and disputes between trading partners. Dramatically reduce the time to reconcile by automating business rules with smart contracts and reach consensus in near real time.

Case studies

Ensuring automotive compliance across supply chains The XCEED (eXtended Compliance End-to-End Distributed) blockchain project is helping certify the compliance of all vehicle components, from design to production. Read about blockchain for automotive compliance Bringing visibility to the finished vehicle supply chain The Vinturas consortium is using blockchain to provide end-to-end visibility in the finished vehicle supply chain through an open and secure tracking ecosystem. Read about blockchain for the finished vehicle supply chain Driving sustainability through responsible sourcing The Responsible Sourcing Blockchain Network (RSBN) is providing the transparency, trust and security needed to demonstrate responsible sourcing for cobalt. Read about responsible sourcing with blockchain

Industries

Blockchain revolutionizing industries

Industry leaders are using specialized applications of IBM Blockchain to remove friction, build trust and unlock new value — both across industries and around the globe. Select your segment to see how to overcome the challenges you face today.


Next steps

Learn how to get started

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Blockchain use cases

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Sources

 

¹ Juniper Research. (Link resides outside ibm.com)

² HFS Research.