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The digital transformation of companies is expected to increase the digitalinterconnection between different companies to develop optimized, customized,hybrid business models. These cross-company business models require secure,reliable, and traceable logging and monitoring of contractually agreedinformation sharing between machine tools, operators, and service providers.This paper discusses how the major requirements for building hybrid businessmodels can be tackled by the blockchain for building a chain of trust and smartcontracts for digitized contracts. A machine maintenance use case is used todiscuss the readiness of smart contracts for the automation of workflowsdefined in contracts. Furthermore, it is shown that the number of failures issignificantly improved by using these contracts and a blockchain.

Agreements between Enterprises digitized by Smart Contracts in the Domain of Industry 4.0