Blockchain In Manufacturing Is No Longer a Concept | Blockchain Central

The video explores the synergies between blockchain technology and the manufacturing industry, focusing on distributed ledger technologies (DLTs) like Ethereum, Hyperledger Fabric, and IOTA. It highlights the role of smart contracts in enabling real-time micro-payments and enhancing machine-to-machine communication. Examples include Ethereum's use in 3D printing for aviation, Hyperledger Fabric's application in shipping, and IOTA's integration in IoT for seamless transactions. The video concludes with a reflection on the potential and infancy of blockchain in manufacturing.

What is one of the most promising applications of Distributed Ledger Technologies in the manufacturing industry?

• Supply chain management

• Internet of Things (IoT)

• Marketing

• Human resources

How do smart contracts benefit the manufacturing industry?

• By increasing the number of intermediaries

• By enabling real-time micro payments between machines

• By complicating machine-to-machine communication

• By reducing the need for digital transactions

Which company is combining 3D printing with the Ethereum Blockchain?

• DXC Technology

• Mold Aircraft Group

• Fujitsu

• IBM

What is a key feature of Hyperledger Fabric that makes it suitable for various industries?

• Its lack of modular architecture

• Its permissionless access to records

• Its modular and extendable architecture

• Its focus on marketing applications

Which companies used Hyperledger Fabric to track shipping containers?

• IBM and Maersk

• Fujitsu and DXC Technology

• Mold Aircraft Group and Ethereum Foundation

• Netherlands Innovation Center and IOTA

What is the main aim of IOTA in the context of the Internet of Things?

• To reduce the speed of transactions

• To increase the cost of transactions

• To eliminate scalability and cost issues of conventional blockchain

• To complicate the machine economy

Which company uses IOTA to automate order-controlled production processes?

• IBM

• Mold Aircraft Group

• DXC Technology

• Fujitsu