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Spanish City Funds $13 Million to Promote ‘Industry 4.0’

By Mary T. | February 15, 2019
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Spanish City funds $13 Mil to Expand “Industry 4.0”

The development of ‘Industry 4.0’ has received over 12 million euros ($13 million) from the government of the Spanish city of Aragon, aiming at developing blockchain technology, artificial intelligence (AI) and other emerging technologies.

As reported by the the local news outlet La Vanguardia last week, the $13 million fund will help to develop the industrial property, consulting project, as well as the analysis and planning activities of blockchain-related projects.

The main goal of the program is to educate and promote the ‘Industry 4.0’ concept and technologies. It is seeking partnership opportunities with other industrial sectors to provide digital solutions for the industry needs. In order to boost the digitalization of the industry, the program also supports small and medium enterprises (SMEs) in developing their R&D capabilities as well as enhancing the digital backbone of their processes and products.

Last month, The Port Authority of the Bay of Algeciras (APBA) has teamed up with IBM on its shipping platform Tradelens, the platform aims to promote secure global trade by allowing transparent transmission of supply chain documents around the world, according to The Crypto Sight reported on January 23. 

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