Industrial Automation involves the use of control systems and technologies to operate equipment and processes in industries without significant human intervention. This includes robotics, programmable logic controllers, and advanced software systems that manage production lines and complex operations. The objective is to increase efficiency, reduce operational costs, and enhance precision and safety in manufacturing and other industrial settings. It transforms manual tasks into automated workflows, improving overall productivity.
Context
While primarily an industrial term, Industrial Automation intersects with blockchain and digital assets through supply chain management and IoT applications. News might report on blockchain’s use to create immutable records for automated production processes or to track components in an automated supply chain. A key discussion involves how decentralized ledgers can enhance transparency and trust in automated systems, particularly for auditing and compliance. The combination of these technologies offers new avenues for verifiable and efficient industrial operations.
The $100M grant fast-tracks the "Economy of Things" by provisioning AI-enabled IoT devices with DLT-based, autonomous transacting capabilities for superior asset utilization.
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