Smart Steel is the response to the need for a reliable determination of the residual value of machinery in heavy industry. So far, this parameter has been determined based on simple premises, such as the age of the machine, external appearance or current transaction prices. This led to possibly inappropriate resale prices in relation to the offered equipment, while the actual fatigue of the steel components was above any standard. Smart Steel ecosystem provides comprehensive information about the analyzed machine, not only by wear or usage but also by monitoring the current technical condition, combustion or just workload. It is the perfect tool to support your fleet management.
Residual Steel Lifetime
It reflects the machine's possible remaining life or suitability for use. The uniqueness of this solution is based on the scientific approach to the construction of steel structures and Big Data analysis of the information collected from sensors placed on the machines. Thanks to this information, and after a series of examinations and tests, an algorithm has been developed. It allows for the computation of the loss in value based on empirical data. Market analysis and conducted research showed that the purchase cost is the biggest factor within the set understood as the total cost of ownership. That is why it is so important to accurately determine the physical condition at every stage of the machine's lifetime.
IoT Insights
The carried out research and collected results prove that only 3% of customers use the maximum capacity of their machines. 50% of customers could use their assets indefinitely in terms of the durability of the steel. On the other hand, 90% of customers do not use even 50% of the potential fatigue of steel. This leads to the conclusion that most customers pay for machines with unused potential but also with an unknown state of steel fatigue or general usage.
Technologies
Today, information critical for business is often in danger and is exposed to undesirable actions by attackers or parties (e.g. competition) that can profit from it,. Smart Steel has been designed with full audibility and verifiability of data in mind. Starting from the machine level up to the systems processing this data. Security features are based mainly on asymmetric cryptography and mechanisms known from e.g. the multi-billion dollar Bitcoin network. They authenticate the collected information, protect it and confirm that it is non-modifiable. #Blockchain #IoT #EdgeComputing #BigData
But How
Measured object or machine has attached sensors. Those sensors generate specific information - data that is crucial in the whole process, which is why it is signed as soon as possible on the computing unit, also placed on the machine. Then, the packet of data prepared in this way goes to the website that deals with the processing and calculation of aggregated values. The data itself is stored with digital signatures confirming their authenticity, while the values go to the blockchain network with an accumulated certificate of credibility.