MARKET4.0 | A Multi-Sided Business Platform for Plug and Produce Industrial Product Service Systems

Summary

The objective of MARKET4.0 is to define, develop and validate an open multi-sided marketplace, based on a trusted P2P data sharing infrastructure for Industry 4.0, that brings together Industrial Product Service Systems (IPSS) providers (supply side) and OEMs as their customers (demand side). It will allow direct interaction among the different sides to improve the sales power of production equipment SMEs.

MARKET4.0 will offer advanced web-presence of production equipment SMEs extended by functionalities such as simulations, VR/AR capabilities and a P2P (Industrial Data Space) offering smart user-services and a secure API to try and test the Digital Twin of the production equipment, on top supplier and customer data. This will facilitate direct transactions between market peers (supplier-to-supplier, supplier-to-customer, customer-to-suppliers and more) during the entire B2B lifecycle, i.e. from equipment search to procurement and commissioning.

MARKET4.0 will create trust in the business transactions between SME production equipment manufacturers and their customers, as an integral element of the Industrial Data Space (IDS) reference architecture. It includes technological trust (simulation before purchasing), financial trust (Blockchain distributed ledger technology for secure payment), delivery and (anonymized) feedback.

In MARKET4.0 the supply side (mainly SMEs) may offer a) production equipment, b) services that extend the capabilities of the production equipment, c) production equipment as a service and d) collaborative engineering services. The marketplace will generate additional value by providing engineering services and acting as a mediator between suppliers and customers.

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Demonstrators, pilots, prototypes
More information & hyperlinks
Web resources: https://cordis.europa.eu/project/id/822064
http://market40.eu/
Start date: 01-11-2018
End date: 30-04-2022
Total budget - Public funding: - 7 500 000,00 Euro
Twitter: @Market40_H2020
Cordis data

Original description

The objective of MARKET4.0 is to define, develop and validate an open multi-sided marketplace, based on a trusted P2P data sharing infrastructure for Industry 4.0, that brings together Industrial Product Service Systems (IPSS) providers (supply side) and OEMs as their customers (demand side). It will allow direct interaction among the different sides to improve the sales power of production equipment SMEs. MARKET4.0 will offer advanced web-presence of production equipment SMEs extended by functionalities such as simulations, VR/AR capabilities and a P2P (Industrial Data Space) offering smart user-services and a secure API to try and test the Digital Twin of the production equipment, on top supplier and customer data. This will facilitate direct transactions between market peers (supplier-to-supplier, supplier-to-customer, customer-to-suppliers and more) during the entire B2B lifecycle, i.e. from equipment search to procurement and commissioning. MARKET4.0 will create trust in the business transactions between SME production equipment manufacturers and their customers, as an integral element of the Industrial Data Space (IDS) reference architecture. It includes technological trust (simulation before purchasing), financial trust (Blockchain distributed ledger technology for secure payment), delivery and (anonymized) feedback. In MARKET4.0 the supply side (mainly SMEs) may offer a) production equipment, b) services that extend the capabilities of the production equipment, c) production equipment as a service and d) collaborative engineering services. The marketplace will generate additional value by providing engineering services and acting as a mediator between suppliers and customers.

Status

CLOSED

Call topic

DT-NMBP-20-2018

Update Date

27-10-2022
Geographical location(s)
Structured mapping
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Result items:

Simplified and Efficient Selection of Suitable Manufacturing Equipment:  For the equipment manufacturer, IDSRAM permits the trusted connection of the equipment repository with external apps (ESS), permitting (in a time-saving process) the best selection of a manufacturing equipment, thanks to accessible data that where not accessible before.

The MARKET4.0 Metal Domain Data Space propose two solutions:

  • The first solution permits the connection of equipment manufacter repositories with a single connector (LMS/TNO). The benefit of this solution is that equipment manufacturers do not require knowledge of IDS RA and it is the connector owner who has it.
  • The second solution has the benefit to connect one service with several data providers through several IDS connectors. The benefit of this second solution is that the data provider controls the data flow and is independent of the connector provider.
Result items:

As a customer, easy access to equipment manufacturers repositories or to manufacturing services. As an equipment or service provider, easy access to the market.

Result items:

IDS RA configuration and implementation not only on a peer to peer basis, but creating a data space.

Result items:

Several services in the M4.0 portal permit the analisis and optimization of the equipment parameters in order to produce zero defect parts.

Result items:

M4.0 reduces the required time to select the most suitable equip0ment for a manufacturing process.

Result items:

M4.0 is a holistic tool valid for all type of manufacturing processes (grinding, milling, bending, cutting, additive manufacturing….)

Result items:

In two aspects: on the one hand productivity in the selection of the equipment (faster and reliable). On the other, productivity of the equipment in place thanks to specific services that analyse the productivity on eadh manufacturing process.

Result items:

The data transaction is reliable as it is based on IDS RA

Result items:

M4.0 metal domain addresses the BUSINESS LAYER of the vertical side of RAMI and the ENTERPRISE and CONNECTED WORLD layers of the hyerarchical side

Result items:

Used components:

IDS connectors for data provider, data consumer ; Clearing house ; Broker

Result items:

IDS guarantees the privacy and liability of the data transaction