Engineering & Industrial Design Data
Why do we collect them?
Dear Millimeter Community.
The first week of December is passing by.
We hope a good month awaits you all!
Today, we would like to share some information about the values of the data we tend to collect!
So, let’s get into it!
Engineering or construction projects must datalize and manage the positions of various subjects, including assets, goods, suppliers, consumers, and their interests. As such, engineering data consists of very complex elements, and it requires a high level of expertise and organic cooperation to become datalized.
In particular, complex projects are different from one-dimensional data for the following reasons.
(1) The fact that they use multiple suppliers, parts, and equipment.
(2) The fact that manual management of large amounts of data leads to high labor costs and project delays.
(3) The fact that combined data can be layered in module form.
Platforms that utilize this must ensure the integrity, accuracy and availability of shared information.
Currently, there is no place where drawings for complex projects or design data can be traded on blockchain. Millimeter’s ‘MakersMarket’ is a place where valuable data is traded, where data sharing takes place by buying and selling data. Data from various industries are naturally shared, and this is not shared using blockchain technology, but shared due to the nature of the platform.
As these phenomena occur, technological innovation that has never been possible can be accomplished within the ‘MakersMarket’ platform. Cross-industrial data exchange can occur through the exchanges between heterogeneous industries.
This is due to the business model of ‘Makers Market’ platform and due to the fact that the blockchain meets the following three points; Reliability of data assets, Scalability and Diffusivity, and Transparency of Service.
The value of the Engineering and Industrial data collection has 3 key points mentioned above.
1. Reliability of data assets.
Reliable data provision through data verification, and reasonable valuation processes can be done.
2. Scalability and Diffusivity.
Information asymmetry can be rsolved, and can expand data exchange by each field, and spread services to global users.
3. Transparency of Service.
Strict security and transparent operation between authenticated users can be provided.
Technology or data exchanges between different industries can lead to innovative inventions, which will inevitably have a lot of repercussions in the global technology market.
The process which we collect the data, are as follows.
Data Ecosystem Construction → Data Direction → Data Valueization → Data Sharing & Blockchain Assetization
With the development of 3D printers, architecture, civil engineering, and production technologies, software is becoming more and more important than hardware in product creation. Now, the factor that determines the performance of the product will be the design process, which is, the data and software, not the production itself. Recently, it has reached a level where anyone can build their own house if they have the ability to handle ideas and operate simple computer tools. Also, the 3D printing architecture, which anyone can build with design drawings, takes only half the time compared to conventional construction methods. The construction cost has decreased by 20% compared to the previous method.
As such, the development of 3D printing is gaining speed, and the necessity of collecting Engineering and Industrial data is also rising with the increase of their value.
Millimeter is planning to lead this industry using blockchain technology.
We are thriving for a better future filled creative ideas, and make the ideas to become a reality!