SCHNEIDER ELECTRIC S.P.A.

Schneider Electric SE is a French multinational company operating in the fields of automation and energy management. It is a Fortune Global 500 company, listed on the Euronext Exchange, and is a component of the Euro Stoxx 50 stock market index. In the fiscal year 2021, the company reported a revenue of 28.9 billion euros.

Machine as a Service (MaaS) is an emerging business model in the Industry 4.0 sector that revolutionizes how companies access and use industrial machines and equipment. Instead of physically purchasing machines, businesses can “rent” or subscribe to them as a service. This approach offers several significant advantages over the traditional machine ownership model.

Pomiager has built a solution based on MaaS:

Key Features of MaaS

· Usage-based Payment: Companies pay based on the actual use of the machines, rather than a fixed cost. This can include payments based on the number of operating hours of the machine, the quantity of product produced, or other performance indicators.

· Maintenance and Upgrades Included: The MaaS provider takes responsibility for the maintenance, repairs, and upgrades of the machines, reducing the internal workload of the company and ensuring that the equipment is always up-to-date.

· Flexibility and Scalability: MaaS allows companies to quickly adapt to changes in demand by adding or removing capacity without the need to invest in new machines. This makes it easier for companies to scale up or down based on operational needs.

· Reduction of Capital Investment: Since the MaaS model does not require the purchase of machines, companies can significantly reduce initial investment and capital tied up, freeing up resources for other areas of development.

 

Advantages

· Cost Reduction: By eliminating the need for large initial investments and ongoing maintenance and upgrade expenses, companies can manage costs more effectively.

· Technological Upgrades: Companies can access more advanced technologies without having to purchase them, staying competitive in the market.

· Focus on Core Business: Without the need to manage machine maintenance and upgrades, companies can focus more on their core business.

Integration of Blockchain

Adding blockchain technology to the MaaS model introduces enhanced transparency, security, and trust in transactions between service providers and users. Here’s how blockchain can play a crucial role:

· Smart Contracts: Utilizing blockchain, smart contracts automate payments and other transactions based on the fulfillment of agreed-upon conditions, such as usage metrics. This ensures transparent and dispute-free dealings.

· Data Security and Privacy: Blockchain provides a secure and immutable ledger for recording operational and production data, enhancing data privacy and security for both providers and users.

· Supply Chain Traceability: For industries that rely on MaaS for production, blockchain can offer traceability throughout the supply chain, ensuring the authenticity of products and components.

Challenges

· Dependency on Providers: Adopting the MaaS model can lead to dependency on service providers for machine maintenance and operation.

· Data Privacy and Security: Sharing operational and production data with MaaS providers raises data privacy and security issues that must be adequately addressed, although blockchain can mitigate some of these concerns.

The MaaS model, especially when integrated with blockchain technology, is particularly suited for capital-intensive industries such as manufacturing, agriculture, and construction, where the cost and complexity of equipment management can be significant. As it grows in popularity, we are likely to see more innovations and adaptations of this model across various sectors.