Manufacturing

Secure and transparent production

Global manufacturing experts are approaching the adoption of blockchain with optimism, as it is estimated that about 30% of manufacturers (with more than $5 billion in revenue) would implement Industry 4.0 projects leveraging blockchain by 2023. The use cases across securing IP and prototypes, effective monitoring of the supply chain, and digital twin-based production are effectively possible with the adoption of encryption technologies.

According to analyst firm TrendForce, the industrial Metaverse revenue is set to reach $540 billion by 2025. Major manufacturing companies leverage virtual environments for improved production, for example, BMW is already implementing a virtual factory, which simulates robots and human workers that make drivetrains for electrical vehicles, Zimmer Group, a German-based company, has used digital twin technology to simulate a furniture manufacturing factory.

The use of digital twins in the Metaverse is redefining prototyping and factory simulation, helping manufacturing firms mitigate the gaps in production without any waste. Digitopia is a pioneer in this space, helping manufacturers become Metaverse-ready through its proprietary Metaverse Readiness Index (MRI).

The Clean and Green the manufacturing floor

It is projected that over 6 billion people will live in urban areas and 0.6 billion fewer in rural areas by 2050 (UNCSD, 2012a), accounting for 70% of the global population (OECD, 2012). This increase in urban population drastically accentuates manufacturing needs, hence a shift needs to take place towards sustainable manufacturing with the unequivocal goal of reducing the harmful impact on the environment caused by production refuse like greenhouse gases.

The push from UN regulations and corporate boards has led to multiple initiatives, the Unilever Sustainable Living Plan (USLP) reduced its total product waste footprint per consumer by 32%, and lowered its manufacturing-related greenhouse gas emissions by 65% since 2010. Dell has committed to making 100% of its packaging and 50% of its products from recycled or renewable material by 2030. Digitopia with its Sustainability Maturity Index (SMI) helps manufacturing firms identify greener and more sustainable production methods, and thereby develop a better ESG reputation.