5: New Business Models in Manufacturing with Michael Cromheecke
SteamChain.io is fundamentally changing the way that equipment manufacturers and end-users collaborate with one another. Their new “Machine-as-a-Service” solutions not only improve machine productivity and performance, but allow businesses to accelerate toward mutual desired outcomes.
Co-Founder Michael Cromheecke jumps on the show to dissect this new business model and illustrate where it’s already seeing success in the manufacturing sector. He shares the story of his own corporate-turned-entrepreneurial journey before taking a technical deep-dive as to how SteamChain is leveraging blockchain to ensure secure agreements and transactions between OEMs and end-users. After hearing the financial, technological, and relationship impacts outlined in this episode, every manufacturing executive will want to start exploring this as-a-service business model.
Make sure to visit ManufacturingHappyHour.com for detailed show notes and a full list of resources mentioned in this episode. Stay Innovative, Stay Thirsty.