We are at the cusp of a manufacturing revolution as IOTA is going to integrate the power of the Internet of Things (IoT) with its open distributed ledger technology. The combinations have the potential to start a new era of manufacturing excellence by taking the operating efficiency to an all-new different level.
So that you know, IOTA is an open-source distributed ledger, and now it aims to transform the manufacturing industry. The ledger allows seamless sharing of the data between different internet devices, which, in turn, will help to automate the processes in the manufacturing industry. It is seen as the most sophisticated way of sharing the data to automate manufacturing and expected to manifold the capability of computer numerical control (CNC) technology.
IOTA is relying on two primary components for making the manufacturing processes automated data integrity and feeless microtransactions. While the first component is going to make sure that data is shared in a very secure manner, the second component of the process helps in attaining real-time data transfer between devices connected through the internet. Both of these aspects are equally important as the absence of any one of the components could lead to a problematic situation. Data mishandling or operation delay leading to a decrease in working efficiency. IOTA, the distributed ledger, makes sure that communication happens between machine to machine in a seamless manner.
What makes this technology even more enviable is the fact that IOTA allows self-optimization during manufacturing operations. It will lead to more gains on operational efficiency while decreasing the repair and maintenance cost structure associated with the factory. Working towards the realization of the Industry 4.0 concept, IOTA technology provides the facility of a tamper-proof machine audit. It means you need not to be worried about the safety and security of data exchange happening between different machines. Indeed, IOTA technology has the potential to transform the future of manufacturing around the globe literally, and the IOTA foundation seems to have taken an edge in this fledgling segment.