Robonomics

During the 2018 survey, about 20 percent of supply chain executives reported that their biggest challenge was fluctuating consumer demand. In addition, they are highly concerned about improving production and sourcing to reduce total landed costs, optimizing inventory levels and measuring transportation and distribution performance, according to The Hackett Group’s trends study. Flexible response to these fluctuations and needs requires the inclusion of artificial intelligence in warehouses and logistics management, as well as granting some powers to robots.

With the increasing complexity of supply chains of goods and services and rapidly changing trends, we humans not only need constant automation but also the empowerment of machines helping us. The machines’ ability to make economic decisions and interact with each other is the core of the so-called responsive robot economics’ concept.

According to the Robonomics Network’s team developing a platform to integrate cyber-physical systems into the human economy, the onset of Industry 4.0 including the autonomous machines’ intervention in mass production and daily life, is inevitable.

We can’t avoid automation. But…

Even as we speak, developers do their best to transfer carrying out routine tasks from people to machines including lights-out, fully automated factories requiring no human presence on-site.

But first: a lights-out factory can bump up against changing needs coming to a sticky end with goods mounted up. Second: the current model of integrating robots into the economy via a few centralised parties primarily serves the interests of those parties posing a number of threats such as interference and data breaches. That’s where blockchain & responsive robot economics come into play.

First off, what is a responsive robot economics?

It’s a free market of robots’ liabilities where machines are self-coordinated, stimulated and regulated, being implemented in human society at the same time.

It’s an opportunity to change the methods of working at more profitable markets easily and with minimum loss. Owing to responsive robot economics, the factory learns about what people need at the moment and adjust itself according to the new wants and needs.

So what’s the point of giving up making decisions to machines?

The answer is: the higher the robot’s self-sustainment the fewer expenses for its maintenance. So, the Industry 4.0 and smart cities where robot factories are being deployed in all their glory, require direct autonomous robot communication with some amounts of money they are accredited to spend.

Let’s take for example self-driving cars and drones. While flying to the stores for goods, they run out of charge and require immediate repair. Instead of controlling each autopilot, it’s better to give a robot some money and rights thereafter let it decide itself when and where it should buy battery charging or visit a repair shop.

The already existing Ethereum infrastructure allows creating such an environment uniting cyber-physical systems, or responsive robot economics. The current stage of robotics development makes it possible for CPSs to communicate and exchange services among themselves and with humans directly.

Ultimately it allows improving the robots’ utilisation and incentivises multiple technological, legal, social and cultural innovations.

About Robonomics

The project is created by Russian engineers and scientists who have been developing Blockchain solutions since 2011. For now, Robonomics has received over $1 mln investment, and is preparing a bounty program for miners for the purpose of token distribution and full ecosystem deployment. In 2017, with the participation of Microsoft, the world’s first international transfer of carbon units through the Blockchain took place on the Robonomics platform.

 

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