Application of Blockchain Technology

Today, the manufacturing industry accounts for a more significant percentage of a country’s Gross Domestic Product (GDP). Data shows that manufacturers in the U.S alone generated $2.35 trillion by the fourth quarter of 2019. This sector mainly involves converting materials into finished goods through mechanical, physical, or chemical procedures. Despite being a lucrative sector, the manufacturing industry faces various issues that mostly emerge from poor management and outdated technology.  These factors slow down the company’s activities, resulting in the use…