Industry 4.0 Pilot Plant to Use Blockchain in Mechatronics

Industry 4.0 Pilot Plant to Use Blockchain in Mechatronics

Italy is trying to boost its modernization and latest innovative technologies such as blockchain, cryptocurrency, smart contract, internet of things, artificial intelligence, machine learning and many others. Actually, the in-situ construction sites of the Bi-Rex competence center were officially opened in Bologna, the first ever public-private consortium of 8 planned in Italy by the Industry…

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Germany opens a blockchain consultation process

Germany opens a blockchain consultation process

Europe’s largest, and the world’s fourth-largest economy has opened a consultation process on the applications of blockchain technology. Germany intends on presenting a concrete strategy for the industry by the summer. As reported by Reuters, the government invited all stakeholders in the blockchain industry to table their recommendations for the way forward. Quoting government sources,…

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Revenue from blockchain in auto sector may grow to $120B by 2030

Revenue from blockchain in auto sector may grow to $120B by 2030

Marketing consultancy firm Simon-Kucher & Partners foresees blockchain in the automotive industry creating $120 billion in revenue by 2030. The figure was arrived at by a study conducted last October, which looked at people’s awareness of blockchain, possible uses of the technology for land vehicles, and respondents’ willingness to pay for prospective services. 48% expressed…

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Exploring Blockchain Technology Beyond Cryptocurrencies

Exploring Blockchain Technology Beyond Cryptocurrencies

The first and most dominant application of blockchain technology is cryptocurrency. However, this isn’t the only application of the technology. Blockchain technology can be used as an organizational tool. Even if it is still in its early stages, many organizations and people are already exploring the possible benefits of the technology. Recently, a survey conducted…

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Blockchain becoming disruptive force in auto sector

Blockchain becoming disruptive force in auto sector

A majority of global automotive sector executives believe that blockchain technology will become a disruptive force in the industry within the next three years, according to a study. Although the industry is still in very early stages of adopting the technology, the study by IBM Institute for Business Value in collaboration with Oxford Economics said…

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