Create more transparent,
accurate and traceable asset transactions across business networks by
integrating blockchain with Maximo.
Solution
You’re already tracking
assets across your enterprise in IBM® Maximo®. But what happens when one of
those assets needs repair or inspection from parties in your business network?
How can you integrate the data from parties in your business networks with your
own system? The inability to integrate into one system of record can lead to
siloed information fraud and lack of visibility into transactions that impact
each asset.
Let’s
look at the real-world example of wind turbine inspections. This business
process includes outsourcing to a supplier for business-critical parts with a
precise series of events to be conducted by skilled personnel in a regulated
industry. Recently, this business would only have three options for tracking
inspections. They could manually enter the results into Maximo, integrate their
system with the contractor’s system, or purchase Maximo for their contractors
if they are a consistent business partner. None of these options are ideal, and
now there is a better alternative.
With IBM Maximo
Registry on Blockchain, each party involved in the transaction would input
their data on the blockchain, and a subset of that data would then be moved
into Maximo. This way, all data surrounding an asset is verifiable, immutable
and visible to all involved parties. Even IoT devices attached to the assets
would be tracked on the blockchain to ensure accurate asset data in real time.
How it works
Blockchain works best when
used within a business ecosystem. Below is an example of how an asset
transaction may be tracked using blockchain:
— An organization using Maximo
and its ecosystem partners (such as contractors, auditors and business partners) are
authorized to view and create specific transactions on
the blockchain. Permissions
are granted to each authority based on the level of visibility they require.
— For an asset inspection, an
inspector would receive inspection notifications from the blockchain and send
inspection results to the blockchain.
— An engineer may transact on
the blockchain when inspectors find irregular conditions that require engineering
review. The review of the asset by the engineer might require data collected by
a sensor on the asset and fed to the blockchain.
— For safety related matters, a
government official may be notified of an inspection and be required to review and/or
sign-off on the inspection results. The sign-off is recorded within the
blockchain with no worry that paperwork will be lost.
— IBM Blockchain provides the
private blockchain infrastructure of distributed peers that replicates the data and
validates the transaction through secure contracts.
— Using Maximo’s business
objects and related components, a smart contract is configured in Maximo and deployed to the
blockchain to execute the transaction within specific parameters—as designated
by the participants of the network.
Source : IBM
