How Blockchain Technology Supports Digital Twins in Industrial Manufacturing (Part 1)

The advent of the Blockchain helped us redefine the concept of digital twins.

Blockchain is an essential tool to support the application of digital twins in the IoT to help transmit data remotely with absolute transparency. Sectors like manufacturing and retail will all benefit from this technology that connects the real world and the virtual world.

The industrial manufacturing process as well as other activities in the supply chain require transparent agreements involving the participation of many people and departments to bring a product from the starting material to the hand. consumers. Blockchain has created a new wind for the whole chain. The application of blockchain distributed ledger technology will make sharing information easier and faster, increasing customer experience and reliability. Here are some of the advantages of this technology:

– Help traceability of raw materials, goods, improve transparency

– Improve speed faster, save costs

– Ensuring data safety

– Enhance product management capabilities

The digital twin technology is known as a tool to create projections of products on digital spaces. This saves manufacturers a lot of time and money on testing new products, assisting preventive maintenance, reducing failure rates, and freeing up human resources for businesses. The Digital Twins, on the other hand, are more than just data analysis machines. Through machine learning and AI, they continually learn, adapt, and change with the changing and real nature of their environment.

Although the digital twins can significantly free up human resources and shorten production time, this application also requires an enterprise to have a modern infrastructure system. The digital twins built on traditional technology need a reliable intermediate memory to perform data analysis and storage. Perhaps the difficulty of managing digital twins and the lack of consensus is the reason the technology has been slow to spread. However, Blockchain technology has the potential to become the most suitable way to support and monitor the digital twins thanks to its security and immutability.

(To be continued)

Productivity and Quality Office