Block chain Industry
Block chain Industry

We are hearing more and more often about Industry 4.0 or Enterprise 4.0, and more and more frequently these terms are being used alongside Blockchain.

Today we also want to address this issue, starting with the definition of blockchain industry 4.0.

The blockchain is identified in a communication protocol, a technology based on the logic of the distributed database. The latter consists of a system in which data is stored on several devices connected to each other by nodes. Data transactions are marked and grouped into blocks, each of which is identified by its own cryptographic key. The set of blocks forms a linear sequence forming a chain, the blockchain.

Applications of blockchain industry 4.0

In this first article we would like to introduce you to some decentralized industrial and production applications that could exploit the advantages of blockchain industry.

Production on demand

Thanks to the integration between the blockchain and the IoT world of industry, it will be possible to develop an advanced market. Each machine will have its own number and users can interact directly with it. This will favour an on-demand model that will bring numerous advantages in terms of cost and time. In this way even CNC machining or 3D printing can be requested directly by users.

Intelligent diagnostics and machine maintenance

With the blockchain for industry 4.0 it is possible to develop smart diagnostics and self-service maintenance projects for the machines themselves. Machines will monitor their own health and control parameters. Thanks to the blockchain they will be able to diagnose any anomalies, safeguarding production and providing the request for changeover and maintenance. They will even be able to send a request for a specific spare part directly to their suppliers.
This will be the intelligent contact between manufacturer and supplier for the procurement of consumables. The benefits of this automation will be considerable for all companies and the entire production system.

Traceability

The blockchain for industry 4.0 lends itself well to the development of product traceability applications. A smart contract between consumer and producer allows to improve the monitoring of production, making it effective and efficient. In case of anomalies, moreover, in record time it would be possible to identify the factory where the product was made and therefore the relevant batch. Thanks to these steps identifying defective lots will be an immediate operation that will allow a sudden recall of the objects. A high value benefit not only for businesses, but also for the community.

In the next article we will present 5 more applications of the blockchain for industry 4.0. Stay tuned!

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