First up, let’s look at what blockchain is and why it’s useful for manufacturing. Supply chains in the manufacturing and mobility sectors are often quite complex and far reaching. And due to the current climate, as well as a general lack of digitalisation and automation within these supply chains, they are suffering at the moment. What can definitely help in this area is blockchain.
Blockchain is a type of distributed ledger technology (DLT), and it benefits manufacturers by maintaining an immutable record that provides everyone involved (designers, engineers, managers, vendors, key decision-makers etc) with access to the most up-to-date records and IP. It’s distributed nature means it is also great for transparency and reliable record-keeping – both of which are vital to the success of manufacturing and supply chains.
This is where ByzGen’s latest Smart Manufacturing Data Hub project comes in. It can help by testing ways for blockchain technology to bring these benefits to life.
The Smart Manufacturing Data Hub (SMDH) project at Ulster University, has been set up to boost the productivity and competitiveness of UK manufacturers.
Backed by the UK Research and Innovation (UKRI)’s Made Smarter Innovation challenge, the £50 million hub will support small and medium size manufacturers to capture and better utilise their data, helping them increase productivity, growth, and sustainability.
Nearly 10,000 manufacturers from industries like food and drink to aerospace, will be supported to develop, test and adopt the latest data-driven technologies, including FALKOR the enterprise blockchain platform from ByzGen. And 13,000 jobs will be supported – boosting economic growth across the UK.
The project is currently up and running and SMEs are being invited to join. The component involving our FALKOR platform is being built out now, and integration is in progress. This will be up and running as a pilot early in the new year.
As part of the solution to increasing productivity, growth, and sustainability, there’s an emphasis on new technologies. Blockchain falls into this category, and specifically our enterprise blockchain platform FALKOR SI – given the capabilities it carries within its data layer. Hence our involvement.
There are a number of data activities, like data input, data exchange, and data output, that need to be distributed around a manufacturing ecosystem. There’s also a need to assure and audit what’s happened to data pre, during, and post analysis. FALKOR SI’s out of the box functionality will ensure these data activities can happen and enable data assurance and data audit processes.
Here’s why everyone in the manufacturing sector - from small companies to systems integrators - can get a much needed boost by getting involved in the project and staying abreast of the latest developments:
Whether you work in manufacturing, or are someone with an interest in enterprise Blockchain or the Smart Manufacturing Data Hub project, we’ll be keeping our followers up to date in our monthly newsletter, The Frontier.
Subscribe today and get all the latest SMDH and enterprise blockchain news straight to your inbox.