IBBI - Industrial Baltic Blockchain Initiative
„Blockchain technologies have the potential to radically change the face of manufacturing and industrial production in the South Baltic Programme region. Since 2010, we have found ourselves in the midst of the the Industry 4.0 revolution. It is characterized by intelligent automation and data exchange in technology. The manufacturing industry in the South Baltic area is well-aware of this industrial revolution where industries slowly are moving towards the implementation of cyber-physical systems, IoT, cloud- and cognitive computing and blockchain. These changes are rapidly accelerating in importance due to the increased societal digitization (partly due to the Coronapandemic) and are quickly forcing the industries to evolve and adopt new solutions to keep their competitiveness. Also, as intelligent automation gains traction across a number of industries, the possibilities in manufacturing and distribution to use blockchain continue to mount. An increased cross-border knowledge about blockchain as a potential digital technology to enable increased uptake of green innovative solutions (such as making supply chains more effective and hence lowering the environmental impact of logistics and transportation) will therefore be of utmost importance to keep the competitiveness of green and blue sector SMEs. Blockchain enables trusted data exchange and workflow automation across organizational and national boundaries. This helps to strengthen fragile supply chains and cross-border trading relationships disrupted by the pandemic. It also facilitates more ethical consumerism by tracking the provenance of components and manufactured goods. However, raising awareness about blockchain and implementation of cross-border solutions demands preparatory work and an increase in technological understanding. Only through a seed money project can we raise this understanding, recruit relevant stakeholders and prepare relevant documentation to succeed with our venture and initiative. „
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