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From YouTube: Does Industrial Asset Management Provide Good Use Cases for Verifia... - Oliver Pfaff & Andreas Kind

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Does Industrial Asset Management Provide Good Use Cases for Verifiable Credentials and Distributed Ledgers? - Oliver Pfaff & Andreas Kind, Siemens AG

This presentation investigates how decentralized trust technologies can help to automate the asset management in industrial automation. Industrial automation is concerned with the automation of production processes in manufacturing, utilities, and supply/service processes. Asset management is important: actors need to understand which equipment is used, where it is deployed, in which setup it is operated. This demands automation to improve asset information availability and quality. Ironically, automation for the asset management of industrial automation equipment is not yet championed by the industrial automation industry. Current practices use manual steps, media breaks, shortcuts. Improving the asset management for industrial automation requires advanced means to assign information to industrial automation equipment, to exchange and to process this information in a secure way.

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