KOSMoS Blockchain Toolkit: How to Use Hyperledger in an Industrial DLT Project

  1. Dynamic leasing: Today, the leasing of machines in the manufacturing industry is often based on a static monthly leasing fee. Linking the leasing fee to both the degree of utilization of the machine and the degree of maintenance of the system will enable an automated and dynamic calculation of the leasing fee — a use case that is implemented in the KOSMoS project. This leads to a more efficient and fair calculation of the leasing fee of a machine. The documentation of leasing-relevant data to determine the respective fee is automated with the help of smart contracts.
  2. Transparent maintenance: Typically, the maintenance of industrial machines is carried out without digital support. By using a digital maintenance log as done in KOSMoS, principles of predictive maintenance could be leveraged to ensure a more effective maintenance process. A blockchain is used in this context to transparently and securely document the maintenance and error messages of the machine. The blockchain-enabled tamper resistance can guarantee that the entries in the maintenance log have not been modified. Hence, this use case aims to establish a blockchain-based maintenance log that verifies maintenance logs from the blockchain while allowing data sovereignty to remain with the customer.

Remarks

This document has been written within the scope of the KOSMoS research project funded by the German Federal Ministry of Education and Research (BMBF) under the funding code 02P17D020. The Frankfurt School Blockchain Center (FSBC) and Datarella are part of the KOSMoS research projects. More information about the KOSMoS projects can be found on the website. If you like this article, we would be happy if you forward it to your colleagues or share it on social networks.

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Jonas Gross

Jonas Gross

Jonas Gross is Chairman of the Digital Euro Association (DEA) and Head of Digital Assets and Currencies at etonec. Further, Jonas holds a PhD in Economics.