There is an industry standard, originating in Germany, referred to as Industrie 4.0 Solutions, which involves automation using “the Internet Of Things”. For example, in the field of predictive maintenance, vibration and temperature measurements are continuously monitored for evidence of pending equipment breakdown.
Blockchains are well suited to interface with these systems. They can be used, amongst other things, to respond to impending problems by participating in automatic solutions within a factory or between factories in a network (the “Members”). The solutions are driven by Artificial Intelligence to devise a reorganisation of factory production. In this way the system makes allowance for the necessary maintenance or other delay – in real time, with no or minimal loss of output.