We hear more and more often about Industry 4.0 or Enterprise 4.0, and more and more these terms are joined by that of Blockchain.
Today we also want to address this issue, starting with the definition of blockchain industry 4.0.
The blockchain identifies itself in a communication protocol, a technology based on distributed database logic. The latter consists of a system where data is stored on multiple devices connected to each other thanks to nodes. Data transactions are marked and grouped into chunks, each of which is identified by its own cryptographic key. The set of blocks constitutes a linear sequence going to form its own chain, the blockchain.
Applications of blockchain industry 4.0
In this first article we want to introduce you to some decentralized industrial and production applications that could exploit the benefits of blockchain industry.
Production on demand
Thanks to the integration between blockchain and the IoT world of the industrial sector, the development of an advanced market will be possible. Each machine will feature its own number and users will be able to interact directly with it. This will be favoured by an on-demand model that will bring many advantages in terms of cost and time. In this way CNC machining or 3D printing can also be requested directly by users.
Intelligent diagnostics and machinery maintenance
Through blockchain for industry 4.0, smart diagnostics and self-service maintenance projects can be developed for the machines themselves. The machinery will monitor its health status and control parameters. Thanks to the blockchain they can in fact diagnose any anomalies, safeguarding the production and providing the demand for exchange and maintenance. Even, they will be able to send directly to suppliers a request for a specific spare part.
This will talk about intelligent contacts between manufacturer and supplier for the supply of consumables. The benefits following the aforementioned automation will be significant for all enterprises and for the entire production system.
Blockchain for Industry 4.0 lends itself well to the development of product traceability applications. A smart contract between consumer and producer helps improve production monitoring, making it effective and efficient. In case of anomalies, in record time you would be able to locate the factory where the product was made and then the relative batch. Thanks to these steps, identifying the defective lots will be an immediate operation that will allow a sudden recall of the objects. A high value advantage not only for businesses, but also for the community.
In the next article we will present 5 more blockchain applications for industry 4.0. Stay tuned!
For more details and information please contact us!