4 research outputs found
Agreements between Enterprises digitized by Smart Contracts in the Domain of Industry 4.0
The digital transformation of companies is expected to increase the digital interconnection between different companies to develop optimized, customized, hybrid business models. These cross-company business models require secure, reliable, and traceable logging and monitoring of contractually agreed information sharing between machine tools, operators, and service providers. This paper discusses how the major requirements for building hybrid business models can be tackled by the blockchain for building a chain of trust and smart contracts for digitized contracts. A machine maintenance use case is used to discuss the readiness of smart contracts for the automation of workflows defined in contracts. Furthermore, it is shown that the number of failures is significantly improved by using these contracts and a blockchain
Formal Description of Use Cases for Industry 4.0 Maintenance Processes Using Blockchain Technology
Maintenance processes in Industry 4.0 applications try to achieve a high degree of quality to reduce the downtime of machinery. The monitoring of executed maintenance activities is challenging as in complex production setups, multiple stakeholders are involved. So, full transparency of the different activities and of the state of the machine can only be supported, if these stakeholders trust each other. Therefore, distributed ledger technologies, like Blockchain, can be promising candidates for supporting such applications. The goal of this paper is a formal description of business and technical interactions between non-trustful stakeholders in the context of Industry 4.0 maintenance processes using distributed ledger technologies. It also covers the integration of smart contracts for automated triggering of activities