Leveraging Blockchain and IoT Technologies for Smart Manufacturing
The paradigm of digital manufacturing is rapidly evolving across diverse sectors owing to numerous benefits, including improved productivity and quality, lower costs, better security, and flexible execution models. At the core of digital manufacturing are data and information. Data integrity is ensured as it is generated from machines using Industrial IoT. Furthermore, organizations are looking to conduct remote operations and utilize new suppliers and channel partners for their supply chain ecosystem with the prevailing pandemic.
This paper critically examines the need for stringent data lineage in the pharma industry as it is highly regulated and involves sharing data with multiple partners, including the FDA. Industrial IoT with blockchain helps establish traceability, transparency, and trust.
In addition, we explore the confluence of technologies like blockchain, Industrial IoT and IT-OT convergence for designing trusted solutions applicable across diverse industrial sectors beyond pharma.