Next Spring, Japanese manufacturing companies will begin to share data using blockchain. Participants include Mitsubishi Electronics, Hitachi, tools maker DMG MORI and manufacturing robotics companies FANUC and Yaskawa Electric. The project is supported by Japan’s Ministry of Economy Trade and Industry (METI).
Today the
Nikkei Asian Review reported that by sharing their data, 100 manufacturers hope to enhance competitiveness and the quality of production. The project isn’t purely a blockchain application. But blockchain technology will be used to enable companies to share the data and ensure it hasn’t been tampered with.
The Industrial Value Chain Initiative (IVI) is supervising the project. In 2015 the IVI was set up by METI and the Japan Society of Mechanical Engineers aiming to foster collaboration between its members. Indeed, its goal is to improve how information is shared along the supply chain. The IVI also published a
paper outlining how to implement data-sharing between the companies. Before data can be shared via a blockchain, it’s critical to establish standards.
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