Blockchain and Industry 4.0

DSS ASIA are immersed in the fourth industrial revolution that is fundamentally changing the way we live, work and relate to one another. Industry 4.0 is an emerging era of connectivity and interaction among parts, machines and humans that have the potential to create enormous production and efficiency dividends, improvements in the quality of life and sustainable environmental outcomes.

Since 2008, the development of Bitcoin became the first example of a Blockchain application. This widespread cryptocurrency provides a real-life solution to the challenge of trust in a decentralised system. It has the power of making transactions untraceable but also verifiable and permanent. A centralised bank becomes unnecessary in this case because every agreement, every process, every task, and every transaction have a unique digital record and a signature that can be identified, validated, stored, and shared. Valid transactions are collected into blocks that are permanently sealed.

At the heart of our Industry 4.0 Strategy is Blockchain that represents a technology capability platform that potentially supports all industry applications. The areas include supply chain and trade across manufacturing, food, pharmaceutical, health and creative industries. The fourth industrial revolution will be established on trusted and interconnected networks that remove the need for middlemen activity, whereby DSS Cryptobots and Forexbots has been introduced for Crypto/Forex Trading instead of Human Traders or with partial human effort.

“Distributing trust” across participants, Blockchain will drive entire new manufacturing business models. Blockchain’s disruptive characteristics have already been experimented and tested within the financial sector, where broker activity is being challenged by platforms that can verify information quickly and safely without manual involvement. Beyond financial services and after professional services (such as property and legal services), Blockchain represents a technology capability platform that supports potentially all industry applications