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COGNIZANT CONSULTING
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
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Perspectives

Manufacturing the Blockchain One Link at a Time

2018-01-10


Our study reveals a steadfast focus by manufacturers on applying blockchain thinking and technology to simultaneously differentiate and seek new business opportunities via emerging open platforms.

Our survey of 281 senior manufacturing industry executives revealed that many manufacturers see blockchain’s distributed ledger technology as a tool for proactively building differentiating capabilities. Among the key findings:

  • They believe that blockchain will herald a new era of collaboration-driven opportunities. 

  • They are experimenting with a healthy dose of open type platforms in their blockchain initiatives as a means of building new business opportunities. 

  • They are keen to leverage tamper-proof digital transaction history capability of blockchain to deliver customer value as well as make internal processes more efficient. 

However, manufacturers must work through numerous challenges, such as learning how to plug and play in emerging collaboration-based ecosystems that are key to unlocking blockchain’s value.

To learn more, read our whitepaper “Blockchain in Manufacturing: Enhancing Trust, Cutting Costs and Lubricating Processes across the Value Chain,” visit the blockchain and manufacturing sections of our website, or contact us.

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Manufacturing the Blockchain One Link at a Time