6 ways blockchain is changing the process industry

July 24, 2019
This peer-to-peer sharing, with open transparency and clear standards of documentation, creates a strong decentralized trust across the network.

Many chemical manufacturers are bullish about blockchain. The decentralized peer-to-peer digital network technology quickly is gaining traction in the business mainstream. After all, it can help companies optimize a chemical production operation, maximize the value of manufacturing assets and open doors to new business opportunities.

How bullish? In its “2018 Technology Vision”, Accenture reports that 77% of chemical industry executives surveyed expect integration of blockchain into company systems in one to three years, and 71% say blockchain will be critical to their organization over the next three years.

In fact, chemical companies already are finding viable applications for blockchain in various facets of their manufacturing business. So, here, let’s look at a half dozen areas of a chemical production operation where blockchain can make a lasting positive impact.

To learn more, read "Take Advantage Of Blockchains" from Chemical Processing.

Sponsored Recommendations

Arc Flash Prevention: What You Need to Know

March 28, 2024
Download to learn: how an arc flash forms and common causes, safety recommendations to help prevent arc flash exposure (including the use of lockout tagout and energy isolating...

Reduce engineering time by 50%

March 28, 2024
Learn how smart value chain applications are made possible by moving from manually-intensive CAD-based drafting packages to modern CAE software.

Filter Monitoring with Rittal's Blue e Air Conditioner

March 28, 2024
Steve Sullivan, Training Supervisor for Rittal North America, provides an overview of the filter monitoring capabilities of the Blue e line of industrial air conditioners.

Limitations of MERV Ratings for Dust Collector Filters

Feb. 23, 2024
It can be complicated and confusing to select the safest and most efficient dust collector filters for your facility. For the HVAC industry, MERV ratings are king. But MERV ratings...