In the age of Industry 4.0, blockchain technology will be a useful tool for chemical engineers to design the next generation of manufacturing supply chains.
Blockchain technology was invented to enable a new type of electronic currency — the Bitcoin — but its unique characteristics are driving innovative applications in diverse domains. Blockchain automates trust in a scientific manner, and as the new technology of trust (1), it has found its way into the chemical process industries (CPI). Chemical engineers have a background in mathematics and problem-solving, and therefore are well poised to understand and apply blockchain technology. This article introduces blockchain technology and discusses how it is being applied in the CPI and other major industries.
Would you like to reuse content from CEP Magazine? It’s easy to request permission to reuse content. Simply click here to connect instantly to licensing services, where you can choose from a list of options regarding how you would like to reuse the desired content and complete the transaction.