Abbreviations for coated one side and coated two sides. Calender To make the surface of paper smooth by pressing it between rollers during manufacturing. Caliper 1 Thickness of paper or other substrate expressed in thousandths of an inch mils or pointspages per inch ppithousandths of a millimeter microns or pages per centimeter ppc. Camera-ready Copy Mechanicals, photographs and art fully prepared for reproduction according to the technical requirements of the printing process being used.
By allowing supply chain partners to create trusted relationships without the need for banks or, perhaps, even traditional purchasing processes, manufacturers, suppliers, customers and machines can find each other and do business much more quickly and inexpensively.
This will help all participants across the value chain to speed new products to market that meet ever-changing business needs, and will enable more trusted and fruitful relationships. But leveraging blockchain will require carefully balancing risks versus benefits, integrating new technologies and processes with legacy systems and evaluating the maturity of the required technologies, standards and providers.
It will also require overcoming resistance from both gov-ernment and established intermediaries such as banks. This white paper explains blockchain, what it means for the manufacturing industry and how to begin using it to drive quantum leaps in efficiency, agility and innovation.
Blockchain Explained Blockchain is a software mechanism, now primarily known in the form of bitcoin in the financial services world, that provides a distributed system of trusted assets and transactions without the need for a central trust authority. For manufacturers and their suppliers or logistic partners, an individual transaction in a block might contain bills of lading for raw materials or finished goods, proof of the origin, quality or operations performed on a part or instructions for the place and time of a delivery.
In each case, the information could be stored, trusted, shared and changed by the partners without going to the cost, expense and delay of negotiating formal contracts or paperwork such as letters of credit from a bank or a bond for a transportation provider.
How Blockchain Works A distributed database running on multiple servers continually checks the security and integrity of each transaction or data entry. Blocks chained by hash values and incentivized proof of work provide a foundation for distributed trust in blockchain.
In the long run it will enable more agile value chains, closer cooperation with business partners and faster integration with the Internet of Things IoTamong other things.
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