In this episode, we talk with Michael Cromheecke from SteamChain to discuss blockchain and machine-as-a-service. Michael breaks down how this model improves machine productivity and performance, with reduced risk and little up-front capital.
“We use the same data management mechanism, the blockchain technology that enables cryptocurrencies to exist, but we apply it to machine-as-a-service. And what that creates for us is a record that can be shared between organizations, between corporations, between businesses in a way that's transparent to all parties. That's objective, the data that goes in, you know, it's gonna be the same data three years, five years, 10 years from now. It's resilient over time. And the big important thing is it doesn't allow one party to restrict access from the other party. So both parties truly have shared ownership of that data. No one party can change it to the disadvantage of the other. No one party can turn off access to the disadvantage of the other.”
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