Blockchain Technology Adds Link to Digital Manufacturing Success

Being able to access and leverage the various data streams common in increasing digital environments is crucial for manufacturers. After all, access to production, supply chain and customer data enables manufacturers to improve yields, boost efficiency levels and capitalize on new manufacturing opportunities including mass customization.

Personalized immunotherapy drugs used for cancer treatment are a prime example. As a product that is continuously altered based on an individual's health and how they are reacting to the treatment, immunotherapy requires a continuous data flow between customer, medical facility, manufacturer and production facility.

“Sharing this data securely across multiple parties enables manufacturers to automate, and therefore scale, such treatment options, Xage Security CEO Duncan Greatwood tells IndustryWeek. “However, current solutions are not yet fully automated, requiring people to obtain and share data. With IoT, there is an opportunity to fully automate this process – from the machine that captures data from the customer to the production facility creating the drug – enabling significant cost savings that can make these types of treatments widely available. Data security and accuracy is paramount to creating such a fully automated multi-party solution.”