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Join our community to help create the reliability blockchain.

No matter what your role in operations, maintenance, reliability or asset management, imagine how much easier your life might be if you could access free, relevant, trust worthy asset information.

Sound too good to be true? It doesn’t have to be.

Blockchain technology can provide a robust data source, managed by the community that uses it and the technology now exists to make this a possibility. We would need to think and work differently, but through collaboration we can open the doors to a new way of thinking that can drive innovation and optimised decision making.

Papers

Toward a new way of thinking.

Decentralisation of Reliability Data Through Blockchain

G. Willoughby, T. Ingram, T. Byrne, D. Smith, N. Rahman

The intent of this paper is to illustrate how the current paradigm of reliability information held by a small selection of companies who sell the information could soon be outdated. We believe that Reliability data ownership could be transferred by a collaborative, decentralized approach, with data sourced from the communities that use the data stored in a blockchain. The advent of blockchain as a shared, immutable ledger, has the potential to be the technology that provides the platform for this. Such a ledger can provide a new way of thinking about reliability data potential: Original Equipment Manufacturers (OEM’s) and users contributing data in a transparent manner, clear visibility of underpinning data continually evolving in a live database, self-checking across the community, data beyond the base of the bathtub, quality certification, storage of source information such as Failure Modes Effects Criticality Analysis (FMECAs), direct linkage into the Industrial Internet of Things.

This fundamental shift in approach could see a focus of practitioner held information, with trust held within the community. We will present some potential methodologies, and how we are proposing to establish collaborative working groups to establish a standard on this technology. The objective is to provide a platform for the international reliability community that allows for the development of a truly free, trustworthy, reliability resource.

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Events

Join us for presentations regarding Reliability Blockchain.

  • IAM Annual Conference

    25 - 27 June 2018 | Hilton Metrople Hotel, Birmingham, UK

    Tim Ingram will present the paper "Decentralisation of Reliability Data Through Blockchain."

    Info »

  • Nuclear Asset Information Monitoring and Maintenance

    3 - 4 July 2018 | The Park Royal, Warrington, UK

    Tim Ingram will present the paper "Decentralisation of Reliability Data Through Blockchain."

    Info »

  • Euro Maintenance 4.0

    24 - 27 September 2018 | Antwerp, Belgium

    Tim Ingram will present the paper "Decentralisation of Reliability Data Through Blockchain."

    Info »

  • SMRP 26th Annual Conference

    22 - 25 October 2018 | Rosen Center Hotel, Orlando, Florida, USA

    Tim Ingram will present the paper "Decentralisation of Reliability Data Through Blockchain."

    Info »

Member Organizations

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Geosyntec Consultants
MMI Engineering

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