As the world progresses into the digital age, many wonder what new technologies will change how people live and work. Among these is blockchain technology! - by CryptoVirally indu smartmfg
As the world progresses into the digital age, many wonder what new technologies will change how people live and work. Among these is blockchain technology, which some think has the potential to revolutionize how humankind manages its businesses and operations.
However, this industry has a lot of problems and inefficiencies. indu4.0 wants to solve these problems by helping manufacturers and suppliers connect better. The project has several use cases that solve real-world problems in the manufacturing industry. For instance, the team often mentions the use of blockchain technology for the protection of intellectual property with the help of NFT security. The possibility of making payments for the platform's services with the native INDU token is another essential aspect of the project. For instance, one may use INDU tokens to join virtual trade fairs in the metaverse.
One of the key selling points of Smart MFG is its ability to incentivize collaboration and speed across supply chains. This is possible through custom rewards, which the system pays out in MFG tokens. The Western secondary sector has been under pressure in recent years. Its main challenges are, probably, globalization and the rise of China as a manufacturing powerhouse. Many manufacturing jobs have moved abroad to lower-cost countries. Furthermore, the sector has struggled to keep pace with the rapidly changing technology landscape.
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