linx4 is a global manufacturing data platform that offers end-to-end commercial and industrial IoT solutions to enable new data-based business models. Through the integrated blockchain technology the first time 3rd parties can trust in the selectively and securely shared machine data. With this pioneering approach the linx4 platform opens up the market for new players.
linx4INSURANCE enables the first time that insurance companies have direct access to trustworthy and secured machine data. Due to this innovative method the data-based insurance adjusts automatically to the customer’s needs, but also ensures compliance with certain critical conditions. A machine that is not producing usually would not break down, so why should the machine owner pay full insurance fee when the machine is not running? With the linx4INSURANCE, the manufacturer has to pay a higher insurance fee when production is on and a reduced fee when production levels are lower. At the same time various critical production conditions like temperature or production pace can be monitored and controlled. If thresholds are not met the smart-contract can automatically increase the insurance fee or charge a pre-defined penalty.