Hardware Podcasts

New Business Models in Manufacturing with Michael Cromheecke

Manufacturing Happy Hour · 18 Nov 2019 · 1h 07m

What this episode covers

Michael Cromheecke, Co-Founder of SteamChain, explains how his company enables 'Machine-as-a-Service' models by using blockchain-based shared ledger technology to align financial incentives between equipment manufacturers and end-users. He details the transition from his 18-year career at Rockwell Automation, where he observed finger-pointing blame games, to founding SteamChain to solve the lack of trust in data ownership. The discussion highlights specific implementations like performance warranties and feature management, using partners such as Pearson Packaging and HMS E1 gateways to demonstrate scalable, transparent financial transactions based on machine performance data.

Most relevant to

early-stage companies

Topics

Mentioned

Companies
SteamChain, Rockwell Automation, Pearson Packaging, Allen Bradley, Northwestern Mutual
Tools
HMS E1

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