Seminconductor Manufacturing and Next-Gen Blockchain as a Service
In a 2019 report by McKinsey, the authors characterized the status of blockchain innovation as “a transition point between Blockchain 1.0 and Blockchain 2.0. In the new era, blockchain-enabled cryptocurrency applications will likely cede their prominence to blockchain business applications that can potentially increase efficiency and reduce costs. These applications will be in a good position to gain steam since many large tech companies may soon begin offering blockchain as a service (BaaS). Rather than just providing the hardware layer, as they’ve traditionally done, these companies will extend their services up the technology stack to blockchain platforms and tools. As blockchain deployment becomes less complex and expensive, companies that have sat on the sidelines may now be willing to take the plunge.” (1)
The semiconductor sub-vertical of the technology industry has largely been on the sidelines during the early phase of blockchain innovation, but the technology has always been of interest to the industry because of the potential for increased chip revenue based on bitcoin, crypto, and blockchain deployments. Inspired by some of the insights from the McKinsey report (which was specifically about the potential of blockchain business applications for semiconductor suppliers), the following is a compilation of blockchain business applications that may create new value propositions and operational efficiencies for the semiconductor manufacturing supply chain.
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