Dr. Michael Rüther, innogy, Machine Economy Innovation | Digital Product Memory

innogy’s Digital Product Memory project “Twin of Things” seeks to give every product a story. innogy has formed a unique and open IoT and supply chain ecosystem to bring this vision into reality. It provides the trusted layer for the digital twin of any object, enabling industry 4.0.

The focus is on developing tools and applications for the IoT space, using a blockchain, based on BigchainDB’s decentralized database which acts as the guarantor of identity, authenticity and provenance. In partnership with other enterprises, innogy brings new ideas to life in order to demonstrate the capabilities and potential of blockchain as it relates to physical assets, objects, machines and devices through concrete real-world examples.

Speaker’s Bio:
Dr. Michael Rüther is project manager for the Machine Economy Innovation Lighthouse at innogy SE, and is driving the Twin of Things project.
He holds a degree in industrial engineering with a PhD in business informatics from University of Paderborn. Prior to supporting innogy SE, Dr. Rüther worked for several major energy and mechanical engineering companies.

[gantsuk]

Hi, thank you for uploading the video. It is very interesting to see the machine economy growing. Michael mentioned, thanks to the digital twin, that customers but also companies can track and analyze the life cycle of a product or service more in detail and in a deeper way we could ever do before. What do you think the challenges will be in terms of data security or better saying given data access from the customers perspective. We see that many people carelessly give free access to their data. Do you think this careless free data access is going to stay when more devices are connected to the internet, like the toaster, washing machines, working desk and so on?