Blockchain areas of engineering where the blockchain technology

Blockchain which some call the
“the super computer of the reality” is a technology that serves as a public
incorruptible leger that is based on distributed,
encrypted and secure logging of digital transactions.  It is best known for being a technology used
to develop cryptocurrencies such as Bitcoin and Ether, however currency and
financial industries are not the only ones affected. Blockchain has many more
potential applications in the areas of health care and engineering.  These are the areas of engineering where the
blockchain technology has prominent effects: computer science and engineering, construction
engineering, transportation engineering, electrical and environmental
engineering.

COMPUTER SCIENCE AND
ENGINEERING

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In the Software industry, we can observe different areas of
computer engineering that have the grounds of using blockchain, particularly cybersecurity,
IoT, P2P applications and Distributed Cloud Storage. Blockchain is projected to
reform these computing fields where centralization was unnatural, and privacy
was important.

1.       Distributed
Cloud Storage

Currently millions of users are
storing their data on a centralized cloud services, putting trust and “betting
on the security” of a single storage provider who controls those online assets.
This type of service is susceptible to hacking and security breaches. However,
if we were to use blockchain, this model would become completely decentralized
solving those two major issues and in fact due to its encryption based
technology with hashing, the model would have improved security with decreased
dependency on the provider. This would enable anyone on the internet to rent
out the storage capacity and store data on a previously agreed price. The
encrypted data would be sent to network and is easily tracked with the secured
keys.

2.       Cybersecurity

The absence of risk for a single
point of failure as well as the end- to – end encryption and privacy are three main
reasons why blockchain could be more widely adopted in the cyber security
areas. Blockchain uses public ledger, however the communications data are
verified and sent with high cryptographic techniques that are resistant to
interception.  With this method, data
penetration with hacking would be prevented, providing massive authentications
scaling.

3.       Digital
Identity

With a strong social media and
digital era in this 21st century, digital security is becoming a
massive problem. Currently, password based systems are being used for exchange,
however the main issue with this is transferring through insecure systems.
Blockchain offers a solution to these problems providing secure and unique
authentication system, that use digital signatures based on public key
cryptography. In this blockchain technology access to private key means having
the privileges of being an owner and the authenticity of the transaction is
determined by checking the private key of the signature.

4.      
Internet of Things

As the Internet of Things (IoT) evolves into a pervasive
technology, such a large platform would need a good management system, and this
is where the distributed architecture of blockchain plays an important role.  For example, a part of IoT sector, asset
tracking, would switch from cloud to blockchain services, which would monitor assets
to account activity and output. With its peer-to-peer secure network the cost
of providing the centralized hub would be minimized, whereas the security of
the platform would be maximized. Having global and instant access to asset
tracking would be useful in operators and maintenance management.

What’s more, these same
techniques can be used with the connected medical IoT devices in the healthcare
industry as well as supply chain management. Some companies such as IBM and
Samsung have already been working on creating a decentralized network of all
IoT devices, which could autonomously manage each other without the need of a central
hub.

ENERGY / ELECTRICAL ENGINEERING (Energy and Electrical Engineering should be separate
categories as there is much blockchain activities/opportunities occurring in
both sectors)

Highly centralized system has
been a common practice for the energy management industries as well. In the
energy transaction process there is a “middle man” through which customer must
go through to transact the energy. Distributed leger capability of the
blockchain would completely discard the intermediaries involved with the
energy-exchange process enabling customers to buy, sell and exchange energy
with one another, which could potentially completely disrupt the traditional
energy transactions, yielding future grounds for metering and billing processes
as well.

ENVIRONMENTAL ENGINEERING

Decentralized digital
infrastructure of the blockchain could be a key to preventing global warming by
reducing costs for the renewable energy productions. Blockchain would be able
to solve the problem of installing the renewable sources of energy in the
remote and inaccessible areas by allowing businesses and individuals to install
their own solar panels and buy and sell energy from each other without the
usage of the centralized system. The excess energy could be sold back to the
grid and customers while the blockchain ledger would be creating a secure
record of the traded items.

CONSTRUCTION ENGINEERING

Construction industry has been
identified as a peer-to-peer pattern oriented industry, thus using the
blockchain peer-to-peer network secure and trustworthy infrastructure can be
established for the information management in all stages of the building life –
cycle. In order words it would serve as basis for any legal arguments that
might occur. The major arguments that do occur arise over the contract
preconditions, thus to solve this issue with blockchain we can use “smart
contracts” – visible to all users. As a result, the customer can essentially
create a contract that would bind other parties that you are involved with to
finish the predetermined checklist before being paid.

TRANSPORTATION
& LOGISTICS

Imagine a world where you don’t
have to drive or technically own a car, but it is still yours?

Using the blockchain, autonomous vehicles
would not just be able to drive independently but would also be able to own
themselves. In fact, French firm Mobotiq has already developed a concept for a
fleet of electronic, autonomous single-passenger pods, which would be
crowdfunded by citizens in exchange for tokens, which they could use to buy
rides. This would create an independent business unit, where tokens can be
bought with cash or with charging pod batteries, and the system would follow a
set of secure transactions using the blockchain encryption techniques.

CHEMICAL ENGINEERING

“Smart contracts” enable
autonomous sales platforms for (intermediate-) products, saving the margins for
chemical companies since these decentralized platforms are non – profit
organizations. Secondly, using smart contracts makes everything faster since
the procurement and sales have been automated. This enables larger chemical
companies to sell products not only to large buyers, but also to smaller
businesses, consequently increasing the efficiency of the market.

MANUFACTURING

With the usage of immutable
characteristics behind the blockchain leger manufacturing industry can
immensely speed up distribution, cut down production and inventory costs and
automate the entire supply chain process.

With the lack of means to verify
the products in the supply chain manufacturing companies often battle with
counterfeiting. Blockchain technology opens various methods for companies to
track products and supplies using unique key and ID attributes as a part of the
blockchain registry data. Ownership, authenticity, price and currency used
during the phases of the product distribution is protected under
crypto-conditions and allows traceability of diverted goods. Such a high level
of security in the entire process offers brand protection for the manufacturing
companies, simultaneously saving them costs accrued from stolen or lost merchandise.

Particularly interesting area
where blockchain’s smart contracts play an important role are the more popular
distributed manufacturing models like 3-D printing. In the production phase 3-D
model files are shared using conventional file-sharing means, which are
vulnerable to IP attacks and tracked manually. Overall, such process is both
insecure and slow, which is where low-cost and secure smart contracts come in
play. They maintain logs of 3-D printing use as well as product history,
speeding up and securing the entire deployment.

AEROPSACE
ENGINEERING

In a field where security and
data reliability are daily responsible for hundreds of lives, aerospace industry
makes a perfect match for blockchain to serve as a direct and unified platform providing
both history of engine maintenance and more reliable turnaround repair times.  

The single ledger of blockchain
has the power to track down wealth of information about the engine state that
can be used and shared between different engineering team. This securely sharable
data cuts down plane maintenance costs and therefore resolves difficult and
time – consuming process of airplane evaluation and improvement. It also allows
teams to divide the work more equally and perform faster, since the data is
freely accessible.

What’s more, blockchain
technology can moderate and improve another area of aerospace engineering that
involves privacy issues related to drones. High-speed ledger that records drone
and operator information can also collects airspace activity data and distribute
that to all appropriate users, in that way controlling the use of the drone and
preventing privacy violations. The same method can be applied to maintain safe
traffic control by prohibiting drones from entering certain areas or running
into obstacles.

 

Conclusion

As
we can see from the above the future potential of blockchain application in
engineering areas is still growing and there is a lot more to unravel. One is
certain, the field of engineering will soon be affected on global scale
transforming the way we disclose and manipulate with different data. (our
society functions)