Arxum — Blockchain meets Industry 4.0
Driven by Industry 4.0, Arxum develops a worldwide production protocol for the supply chain.
Manufacturers connected by ARXUM’s protocol benefit from robust and secure connectivity, worldwide accessibility, and standardised production order protocol with rich data exchange. Based on Blockchain technology, ARXUM’s decentralised production network outperforms today’s infrastructure by driving down costs, increasing processing speeds and delivering end-to-end visibility into production fees, timing and delivery.
How does it work?
The ARXUM Connection Box (ACB) is a device invented by our experienced team of engineers and programmers. It connects the physical world of machines to the blockchain. Through the ACB, machines are connected to smart contracts. The ACB can also receive and send payments and initiate production. That way, less manual labour is needed in the production process. ARXUM uses blockchain technology to automatically send production orders. Enormous amounts of money are saved by replacing manual labour with standardised framework contracts.
Where does LimeChain fit in the whole picture?
LimeChain has worked on the ICO and the architecture for the whole technical side of the project. Our team has created the prototype and is currently working on the MVP. The next steps are developing the full version of the network.
We are thrilled to be working with Arxum on such an exciting project! These are the kind of relationships we have with our partners as at the core of blockchain technology is a system for trust. We take that to heart, devoting ourselves to delivering the same level of consistency, reliability, and transparency that our clients expect from our technology in our work.
Sources:
Arxum website — https://arxum.com/
