Our session will introduce Blockchain solutions for managing IoT and equipment maintenance training for employees to address the security, trust, and connectivity challenges of building an Industrial IoT ecosystem using IoT-embedded blockchain technology and smart contracts.
With the development of industrial production towards digitalisation, smart factories are generating oceans of data from actuators, sensors, and other devices. Gartner`s IoT industry analysis report predicts that global access to the Internet will increase to 30 billion in 2025. As the number of connected devices in smart factories grows from billions to hundreds of billions, traditional centralised database communication mode or Client/Server mode becomes unsuitable for the Internet of Things ecosystem construction. There are many existing IoT solutions however, it has many limitations as they are expensive because of the high infrastructure (centralised clouds and large servers) and maintenance costs. Research firm Markets predicts that the global IoT market size is expected to grow from $170.57 billion in 2017 to $561.04 billion in 2020. In addition, all connected devices have to be verified by the cloud server, and each connection between two devices is realised only through the Internet. As the number of IoT devices continuously increases, a large amount of information produced by these devices will also make a higher cost. Besides, the connection of devices increases the risk of device manufacturers and The birth of blockchain provides IoT with a consensus mechanism and a decentralised network to solve the problem of device interaction. A decentralised network helps nodes self-manage, so a centralised database is no longer needed but reduces operating costs accordingly.
Whilst Blockchain Process billions of transactions; and at the same time, the computing power and memory capacity of geographically distributed idle devices are fully available for transaction processing. Additionally, the peer-to-peer connection provided by blockchain facilitates data transfer for IoT without CPU involvement, enabling this kind of distributed computing.
The Blockchain technology for professional training is designed to support tamper-resistant and secure access and secure certificate management for the needs of businesses and certification bodies. In the context of professional training certification, blockchain technology supports certificate counterfeiting prevention, simple validation of certificates even when a certificate authority no longer exists, and automation of the monitoring process for credentials with a limited validity period. We look at the authentication process from a blockchain perspective and highlight the security and accessibility of employees’ training certificates.
Metaverse (VR/AR) IN EQUIPMENT ENGINEERING AND MAINTENANCE: Our presentation will provide an overview of the technology, including a description of the existing solution in this industry. combining advanced technologies such as mixed reality and artificial intelligence, based on the intelligence of the age of Industry 4.0, this technology gives the opportunity for voice interaction. Verbal interactions create amazing opportunities to have real-time interaction between the site-base maintenance engineer and overseas manufacturer engineers, which results in reducing the cost burden for organisations. A deep learning model allows the specialists to “talk” to and control mixed reality content Maintenance process workflow.