Blockchain based digital twin

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Assalamualaikum steemians

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How are you?Hope so everyone would be safe and sound just like me as I'm also safe Alhamdulillah...

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What is blockchain based digital twin? Maybe you don't know but I am going to write about it and hopefully the topic would be clear for all of you....

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A blockchain-based digital twin is replication of a physical asset, process, or any technological system that is providing leverage to blockchain technology for creating a most secure, safe, and decentralized digital representation.Digital twin have ability to simulating, monitoring and optimizing physical asset or process in real-time frame which can enable it's predictive maintenance ,can enhance efficiency, and can make it more cheap.

This is I'm elaborating an example

Imagine there's a wind farm. We can create a blockchain bae digital twin of the wind farm by proper installation of sensors at every turbine for collecting data on performance, temperature, vibration, and other parameters.Data is transferred to blockchain and then it is stored and updated in its real time frame.

Uses of blockchain based digital twin

There are multiple uses of blockchain based digital twin.

• Used for monitoring performance of wind farm and for predicting potential failures
• Used for optimization of energy production and for reducing downtime.
• Used for tracking history of maintainence and for scheduling activities related
• Used for enabling most security and transparency of data for sharing it with stakeholders like operators and energy traders also.

Role of blockchain technology in digital twin

• Used for keeping it tamper-proof so that no one can make any unauthorized alterations.
• Blockchain technology play its role by providing protection of sensitive information.
• Blockchain technology make it much transparent by giving a transparent and auditable record of data.

Finally it is used for enabling collaborations which are trustless and for making decisions among stakeholder so that risk of data for manipulation may get decreased and for maximizing confidence in accuracy of digital twin.

Benefits we can obtain

• It can provide more enhanced predictive maintenance and can minimize downtime.
• It can increase production of energy and it's efficiency.
• It can provide high level of security and safety.
• It can minimize cost and it can enhance supply chain management
• It can provide monitoring in real time frame and also a way of introducing more optimization.

Blockchain based digital twin is helpful in creating digital token which may represent the wind farm energy production and in this way it enables peer-to-peer trading of energy and for creation of new revenue streams.

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If I conclude all points explained by me then blockchain based digital twins have ability in revolutionizing way in which we can manage and optimize different physical assets and processes so it is a way to enable new level of efficiency, transparency, and security. By giving leverage to blockchain technology we can feel easy in creating a safe transparent digital representation of physical assets so it enables new use cases, developments and innovations.

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Thanks

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