Modern manufacturing faces increasing challenges in securely sharing data (inside/outside factories). Increasingly, manufacturers are solving this problem by using blockchain. Factories of the future are rapidly becoming interconnected. Data sharing needs to occur across a vast network of systems and machines seamlessly. Manufacturers need real-time information about systems and parts being produced. Traditional accounting methods for the vast network are insufficient and, as a result, are not well-suited in modern factories. This is where blockchain comes in.
What is a blockchain, and how does it benefit manufacturing and automated assembly systems?
Blockchain is defined as a system that maintains detailed records of securely transmitted information between peer-to-peer networks. Often blockchain is related to Bitcoin and other Cryptocurrencies, but it is more than that. Another way to think of blockchain in automation is to envision it as a digital record that provides a detailed version of the truth in simple, accessible ways. This technology creates total transparency between multiple parties, but everyone on the blockchain has access to critical and reliable data—including data associated with intellectual properties.
Although implementing a blockchain into automated assembly systems and manufacturing offers many security benefits, it is not always ideal. For instance, blockchain is not ideal when substantial amounts of data need to be stored and processed in real-time.
How do you know if blockchain is suitable for your manufacturing goals?
Besides speaking with an automated assembly system supplier, you can run structured assessments. Often these assessments start by identifying current problems and future goals. Understanding how technology can minimize common and expensive pain points is necessary for sustained growth.