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ARTICLE · 19 JANUARY 2022

Blockchain For Capital Equipment In A Machine-as-a-Service Model

Foley & Lardner LLP
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Subscription-based services, embraced by the software industry as an alternative to traditional models of selling product, provide a steady income stream to providers.

United StatesTechnology
Emory Ireland
Emory Ireland
John Lanza
John Lanza
Michael J. Walsh Jr
Michael J. Walsh Jr
Eugenia Wang
Eugenia Wang
Kathleen Wegrzyn
Kathleen Wegrzyn
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Blockchain in Supply Chain: Article 9

Subscription-based services, embraced by the software industry as an alternative to traditional models of selling product, provide a steady income stream to providers. Software-as-a-Service, along with the related Platform-as-a-Service, Network-as-a-Service, and Infrastructure-as-a-Service models, provide benefits to customers by shifting maintenance responsibilities to the vendor and exchanging large capital expenses for lower subscription fees. 

What is a Machine-as-a-Service Model?

Following in the footsteps of the software industry, capital equipment manufacturers are beginning to adopt Machine-as-a-Service ("MaaS") models, providing manufacturing equipment such as Computerized Numerical Control ("CNC") machines or automated manufacturing systems on a subscription basis.

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