The Convergence of IoT and Blockchain in the Manufacturing Industry

Nowadays, the manufacturing industry is seeing rapid growth and transformation. With the coming of numerous advanced technologies, companies are making significant investments in their future. To stay competitive, they are looking for innovative solutions that will bring processes automation, intelligent connections, and smart analytics.

Internet of Things and blockchain can have a huge impact on the entire industry. How can these two pieces of technologies work together in manufacturing to help simplify workloads and provide a more precise understanding of assembly processes? Let’s find out!

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How IoT Applications are Reshaping the Manufacturing Industry

The Internet of ThingsIoT – considerably influences our lives, from intelligent freezers and home automation systems to smart vehicles and smart buildings. Soon, IoT will unquestionably continue to steal the spotlight in the tech industry.

Many companies aim to improve their internal business operations, automate workflows, reduce costs. In this scenario, they make enormous investments in IoT solutions, with the main spendings from manufacturing, transportation, and utility industries.

Nowadays, manufacturing remains the biggest investor in IoT solutions. As with smart device connections, equipment, and production phases, the manufacturers can get a reduced human intervention, effective machinery maintenance, employee safety, and effective process management. This is why IoT solutions are so important!

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Leveraging AI and Digital Twins to Transform the Manufacturing Industry

Digital solutions are growing in capacity and they will continue to attract industry players with their wide variety of business applications.

Digital twin technology is a specific strategy that slowly marks out its importance as a solid business partner. Basically, a digital twin is a technology that generates the virtual representation of real-world objects, such as physical items, systems, or structures, typically in 3D, based on sensor-collected data.

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Manufacturing Digital Twin Technology & IoT – A New Era

We live in a digital era. Data is all around us and, at the manufacturing level, the vast amount of real-time information available offers new perspectives into processes. Smartly used, the data can provide a roadmap to continuous process progress and a drastic increase in production efficiency.

The significantly reduced cost of sensors and the growing computing capabilities have made IoT (Internet of Things) omnipresent, widely available and scalable.

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