Network seeks stronger blockchain links for manufacturers
An open-source network that uses blockchain could be used as a peer-to-peer network that allows companies to source small-and medium-sized manufacturers.
The idea of using blockchain to share verifiable manufacturing data has been proposed by researchers at North Carolina State University (NC State).
“Small-and medium-scale manufacturers often lack the resources and network reach necessary to make all of their potential clients aware of their manufacturing capabilities,” said Binil Starly, corresponding author of a paper on the work and head of NC State’s Data Intensive Manufacturing Environment Lab. “A public network like the one we’re proposing would help potential clients find manufacturers with relevant expertise and equipment in an efficient way.”
“Our approach…FabRec, would allow companies to automatically report about their manufacturing activities: which machines are being used, what materials they are working with, raw material inventory levels, whether the work is being completed on time, and so on,” said Atin Angrish, a Ph.D. student at NC State and first author of the paper.
“Because these updates are automated, users can be fairly certain that the information is accurate,” Angrish said. “And because it’s being done through the blockchain, which allows event logs to be traced to their source, there is accountability. So clients can find the right manufacturers, and manufacturers can find new clients, without relying solely on claims made in marketing materials.”
Register now to continue reading
Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.
Benefits of registering
-
In-depth insights and coverage of key emerging trends
-
Unrestricted access to special reports throughout the year
-
Daily technology news delivered straight to your inbox
UK Enters ‘Golden Age of Nuclear’
The delay (nearly 8 years) in getting approval for the Rolls-Royce SMR is most worrying. Signifies a torpid and expensive system that is quite onerous...