How the blockchain changes the existing pain points in the 3D printing industry

3D printing is a kind of rapid additive manufacturing technology. It is a technology that constructs objects by layer-by-layer stacking based on digital model files. 3D printing is also known as the pillar industry of Industry 4.0.

3D printing has mature application cases in cultural creativity, industrial applications, construction industry, medical field, and national defense industry.

According to incomplete statistics, the global 3D printing enterprises have extremely large production capacity. Due to limited data interoperability, the needs of both supply and demand cannot be effectively and timely connected. Users do not have access to relevant 3D printing manufacturer information to meet their own requirements, and the equipment owned by the manufacturer cannot operate at full capacity, resulting in a downturn in overall industry output. Seriously restrict the development of the 3D printing industry.

At present, with the maturity of blockchain technology, it can be applied to the field of 3D printing. Based on the characteristics of blockchain distributed blocks, information exchange and resource sharing between peers can be quickly realized. Enable 3D printing manufacturers to achieve on-demand production, instant production, and near-production, minimizing costs. Effectively avoid the cost of the intermediate link to transfer to the final product, so that consumers can not recognize the price of the final product and give up the product.

Blockchain technical characteristics 1: Smart contract orders, the supplier enters the product design, production, logistics and other aspects according to the order verification result. After the supplier completes the order and meets the requirements of the smart contract, the demand side's funds will be automatically paid for. In this way, it can effectively avoid the situation that the product cannot be delivered due to unilateral breach of contract.

Blockchain technology features 2: Product identification traceability, using the unique identification of the component to trace the source of the product's entire life cycle. On the one hand, end users can avoid buying counterfeit and shoddy goods and protect their own interests; on the other hand, they protect the interests of brand owners, and also protect the copyright of product designers, effectively combating counterfeit and shoddy goods on the market.

Blockchain technology features 3: Intelligent payment mechanism, the two sides of the transaction directly conduct peer-to-peer transactions, avoiding high commissions, cumbersome centralized payment issues, and improving transaction efficiency. After the supply chain information is transparent, the procurement cost and inventory cost of the enterprise can be reduced, and the accounting audit is more concise.

Blockchain technology features 4: Data information assets, based on blockchain technology, through encryption algorithms, effectively protect the data information of enterprises in the supply chain. After the agreement between the supplier and the buyer, the qualified products can be selectively shared as successful cases in the industry.

We expect that the blockchain combined with 3D printing technology will bring decisive changes to the future additive manufacturing industry.

(Editor)

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