CIMdata has chosen blockchain as a strategic direction of focus in product lifecycle management (PLM) for accelerating the digital transformation of businesses. In a webinar held on September 27th, Blockchain for Enhancing the Value of PLM, the CIMdata Value Lens™ was introduced for systematically studying different stages of PLM to identify potential new value that could be enabled by blockchain. The idea is to apply a structured innovation approach to analyze all activities performed in different stages of PLM and investigate how they can benefit from blockchain capabilities.
An upcoming webinar on November 8th, Blockchain in PLM for Digital Asset Innovation, will touch upon potentially new ways of conceiving, segmenting, and transacting digital assets by applying blockchain, while revisiting the structure of product lifecycle management.
During the September 27th webinar, we were not able to answer all questions that were posed. This blog is an attempt to respond to those questions.
To learn the answers to the following questions read the blog at: https://www.cimdata.com/en/resources/cimdata-blog/item/10982-discussion-related-to-cimdata-s-educational-webinar-blockchain-for-enhancing-the-value-of-plm
- Which enterprise solution providers do you think could help with blockchain application in PLM?
- How should industrial businesses go about exploring the potential for blockchain in PLM?
- What is the complexity and effort involved in planning and executing blockchain pilot projects?
- Have you seen any instances of blockchain being used for maintaining an as maintained BOM with external maintenance providers?
- Are there existing IIoT platforms using the blockchain for sensor data governance?
- Please mention few cases where CIMdata has implemented blockchain in PLM.
- What applications do you see during the design stage of a product?
- Do you see applications for workflow and change management?
- What is the experience regarding performance with blockchain?
- How can we compare a proven RDBMS based solutions to a New blockchain solution which needs an additional database? Struggling to find use cases to justify Blockchain.
