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The Techno-Industrial Revolution
We’re entering a Techno-Industrial Revolution, combining technology with traditional industries to create new economic powerhouses.
This revolution represents a shift from a focus on digital technology (bits) to a fusion of digital with physical manufacturing (atoms and bits).
It aims to reshape industries like agriculture and manufacturing, leading to the creation of highly valuable companies with significantly higher profit margins.
The essence of this revolution lies in leveraging technology to revolutionize traditional, large industries.
Companies in this space will likely differ from today’s tech giants, resembling more the industrial giants of the past.
Innovations such as blockchain, artificial intelligence (AI), robotics, biotechnology, and novel materials are key drivers.
They enable both existing companies and new entrants to enhance their products and processes, thereby improving their competitive edge.
An intriguing aspect of these Techno-Industrials is their ability to create products with “structurally superior unit economics.”
This means they can produce physical goods more efficiently and at lower costs than their competitors.
They achieve this by incorporating advanced technologies into their manufacturing processes.
This efficiency allows them to either undercut competitors on price or enjoy higher profit margins, or even both.
Illustrating this concept are companies like Anduril, Solugen, and Monumental Labs. Anduril, focusing on defense technology, leverages software to enhance hardware capabilities, aiming to provide more cost-effective solutions to defense needs.
Solugen uses biotechnology to revolutionize chemical production, offering a more environmentally friendly and cost-effective method.
Monumental Labs aims to transform urban construction with AI-enabled robotic stone carving, promising more affordable and aesthetically pleasing cityscapes.
These companies face substantial challenges.
Manufacturing physical products is inherently more complex and resource-intensive than digital products.
They require significant capital, adherence to regulations, and must navigate a landscape dominated by established incumbents.
Despite these challenges, the potential rewards are immense: transforming industries and capturing significant market share.
The Techno-Industrial Revolution represents a pivotal shift in how technology intersects with traditional industries.
It’s a space where innovation can radically change the cost and efficiency of producing physical goods.
These Techno-Industrials, if successful, stand to not only generate substantial profits but also fundamentally reshape the economic landscape of major industries.
The potential for creating new trillion-dollar companies is real, with the promise of transforming our industrial base and setting new standards for efficiency and innovation.
As the author mentions in their ending line “I suspect that in a decade or two, there will be dozens of trillion-dollar companies, and my bet is that many of them will be Techno-Industrials.” Read more here.
How Can You Apply Splitchain In Corporate And Industrial Transactions?
Splitchain, a cornerstone technology underpinning Zucoin’s token, represents a shift in establishing trust in decentralized business environments.
This technology goes beyond traditional financial use cases, offering a more robust, transparent, and safe ledger system that can revolutionize various industries.
Here are a few ways how:
Manufacturing And Supply Chain Management
In manufacturing, trust in the supply chain is crucial.
Splitchain can provide immutable records of material sourcing, production processes, and distribution logistics.
For example, a manufacturer can use Splitchain to track raw material sourcing, ensuring ethical and sustainable practices.
Each step of the process, from procurement to product delivery, is recorded on the Splitchain, creating a transparent and tamper-proof history.
This level of transparency not only builds trust with consumers but also streamlines auditing and compliance processes.
Healthcare Industry: Securing Patient Records And Drug Traceability
In healthcare, maintaining patient confidentiality while ensuring easy access to medical records is paramount.
Third parties can use Splitchain to offer a solution where patient records can be stored and shared among only authorized personnel.
Consider a hospital implementing Splitchain to manage patient data.
Each patient’s records are encrypted, stored locally and verified on-chain by users amongst themselves and are accessible only to authorized healthcare providers.
This system enhances patient trust, knowing their sensitive information is secure and handled with the utmost privacy.
Agriculture: Ensuring Food Safety And Traceability
The agriculture sector can leverage Splitchain for traceability, from farm to table.
Consumers increasingly demand transparency in their food sources, and Splitchain can provide this.
Imagine a farm-to-table traceability system where each stage of food production, processing, and distribution is recorded on Splitchain.
For example, consumers could scan a QR code on the product to view the entire history of the produce, including where it was grown, when it was harvested, and how it was transported.
This level of detail builds consumer trust and can command premium pricing for verified, quality products.
Real Estate: Transparent Property Transactions
In real estate, the trustworthiness of property transactions is often under scrutiny.
Splitchain can be used to record property ownership, transaction history, and even maintenance records.
For example, a real estate registry on Splitchain allows potential buyers to verify the ownership history and any liens against the property, ensuring a transparent and secure transaction process.
This system reduces fraud, increases buyer confidence, and streamlines property transfers.
Splitchain’s not just a different kind of ledger system—it, like the original goal of blockchain, is a strategic tool that can redefine transparency, safety, and efficiency across multiple industries.
The hard part is making it simple, powerful and flexible enough to be capable of such things, without adding tons of overhead.
That’s what the team at Zucoin is building.
As Marc Andreessen wrote, “software is eating the world.”
Splitchain is a trust enabler in the digital age.
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All the best,
—Rob
MyZucoins
Disclaimer: Of course, this is not advice, financial or otherwise. It’s also important to consider the risks and challenges associated with any potential benefits.