Blockchain Simplified

Croixstone‘s CXO Patti Weber recently participated in Skookum‘s largest Tech Talks to date. Josh Miller, Senior Software Engineer at Skookum, provided insight into blockchain technology and the uses beyond Bitcoin and cryptocurrency. The original blockchain was described in a 2008 bitcoin paper by Satashi Nakamoto, just 2 months after the collapse of Lehman Brothers in 2008. What makes blockchain so attractive is that it provides a level of trust that is interwoven in business transactions. People can now make transactions without middlemen which translates to greater control of funds and lower fees.

So, what is a blockchain? A blockchain is a digital encrypted ledger in which transactions are recorded chronologically and publicly. Like the name indicates, a blockchain is a chain of blocks containing information. Each block contains data, the hash (i.e., digital fingerprint that uniquely identifies the block and all the contents), and the hash of the previous block. When a block is created, a copy of the block is distributed on a peer-to-peer (P2P) network. Each member of the P2P network gets a copy of the block, and a consensus is obtained to ensure that the chain has not been tampered with.
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The way the blocks are chained together using hashes, along with a “proof of work” mechanism and distribution through a P2P network, makes blockchains secure and trustworthy. The term immutability – its resistance to tampering or other changes – is often used when describing blockchain.
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Blockchains eliminate the need for middlemen (e.g., banks) making it more efficient than legacy systems. They exist within communities, and participants that operate within an industry can all operate on the same chain, and therefore, have a copy of the distributed ledger.
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Applications of Blockchain
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As a result of the tamper-proof and hack-proof nature of blockchain, it is one of the most promising technologies with far-reaching applications. Here are just a few of the industries that are/will be impacted..
For a more detailed explanation of blockchain, see CNET’s recent article titled Blockchain explained: It builds trust when you need it most.
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For more information about industries impacted, check out: Banking Is Only The Beginning: 36 Big Industries Blockchain Could Transform

Re-Envisioning the Future with Generative Design
Could the current manufacturing, distribution, assembly and maintenance processes become obsolete in the not too distant future?  Today, we take a look at generative design as an innovative approach to thinking outside the box when it comes to design and its implications to manufacturing.
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At Croixstone we are inspired by mavericks…those unconventional thinkers who can see past conformity and who can accomplish what others say can’t be done.  Generative design has the ability to generate unconventional design options that go beyond our imagination alone and can be used to create everything from running shoes, earbuds and airplane partitions, to a revolutionary approach to designing the office space and buildings of the future.
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So what is generative design? According to Autodesk, a leader in 3D design, engineering and entertainment software, “Generative design is a technology that mimics nature’s evolutionary approach to design. It starts with your design goals and then explores all of the possible permutations of a solution to find the best option. Using cloud computing, generative design software quickly cycles through thousands—or even millions—of design choices, testing configurations and learning from each iteration what works and what doesn’t. The process lets designers generate brand new options, beyond what a human alone could create, to arrive at the most effective design.”  To better understand what generative design is all about, click here for a short video.
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  • Learn how generative design and additive manufacturing (i.e., 3-D printing) is changing the manufacturing world here.
  • Check out how generative design could radically transform the look of our world here.
  • Delve into a new world of highly efficient products made by generative design here.
  • Take a sneak peak into the first large-scale generative designed office here.

Gaining the Competitive Edge Through Digitized Supply Chain

Just like everywhere else, digital transformation has impacted the optimization of supply chain efficiency.  Advances include crewless ship operations, new warehouse automation breakthroughs with robots, development of autonomous-vehicle supply chains, advancements in 3D printing, and the emerging role of blockchain.

Learn more about how a digitized supply chain can give you a competitive edge here.

Demystify 3D printing and its disruption in industry here.

Your roadmap to a digital supply chain is here.