Chapter7 2 7. Blockchain: From Industry 4.0 to the Machine Economy

Abstract The extreme automation of our factories is necessary in order to face the Fourth Industrial Revolution. This new industrial paradigm will force our industries to manufacture much shorter and customized series at increasingly competitive prices, even tackling the manufacture of thousands of different configurations of a single base product. In order to achieve this, our production processes must have a flexibility in their configuration that has never been imagined before. This flexibility and ability to adapt automatically to demand are the essence of the Fourth Industrial Revolution and are part of the Western strategy to recover an industrial sector increasingly threatened by the Eastern production of large series at really competitive prices. Based on our participation in more than a dozen proofs of concept in the automotive, aeronautics, agri-food, or energy sectors, we describe the scenarios in which blockchain technology brings the greatest benefits to Industry 4.0. After finishing different experimentations, we carried out an in-depth analysis of the true added value of blockchain in the industry and contrasted our conclusions through interviews with more than 20 people in charge of innovation from different industries. As a result, we have obtained the principal four values of blockchain technology applied to Industry 4.0.