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Tim Ingram to Present on Decentralization of Reliability Data Through Blockchain at 10th IMA International Conference on Modelling in Industrial Maintenance and Reliability

Tim Ingram (England) will present on “Decentralization of Reliability Data Through Blockchain” at the 10th IMA International Conference on Modelling in Industrial Maintenance and Reliability (MIMAR) in Manchester, England on Wednesday, 13 June 2018.

Tim is a Senior Engineer with more than 14 years of experience focusing on ensuring the right support is in place to maximize equipment availability, quality, and performance in a pragmatic manner for clients worldwide.

Alex Bond, Principal Mechanical Engineer, and Gareth Willoughby, Systems Engineer (England) will be joining Tim at the conference.

The event is the premier maintenance and reliability modelling conference in the United Kingdom and builds upon a successful series of previous conferences. It serves as an international forum for disseminating information on the state-of-the-art research, theories, and practices in maintenance and reliability modelling,  as well as offering a platform for connecting researchers and practitioners from around the world.

The Institute of Mathematics and its Applications (IMA) exists to support the advancement of mathematical knowledge and its applications and to promote and enhance mathematical culture in the United Kingdom and elsewhere, for the public good. It is the professional and learned society for qualified and practising mathematicians, with a membership of around 5,000 comprising of mathematicians from all sectors, as well as those with an interest in mathematics.

Abstract

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paradigm of reliability information held by a small selection of companies who sell the information could soon be outdated.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.

More Information

Read the article Or Learn more at: https://ima.org.uk/6619/mimar2018/.
For consultation regarding Reliability Data, contact Tim Ingram at TIngram@MMIEngineering.com.
Learn more about Tim at: https://www.linkedin.com/in/tim-ingram-17554127/  
Learn more about Alex at: https://www.linkedin.com/in/alex-bond-5491466/
Learn more about Gareth at: https://www.linkedin.com/in/gareth-willoughby-1a388a8b/

2018-06-11T10:07:51+00:00