Tank Monitoring and Management Use Case

Author: Josh Jones, CMO

Problem:

With the large number of propane and fuel oil tanks being used to heat residential and commercial properties, a reliable means of monitoring fuel levels is essential. In residential markets, the unpredictability of weather, combined with varying customer uses of propane makes consumption rates difficult to predict. In commercial and industrial markets such as farming, manufacturing and healthcare, fuel delivery companies are a critical partner in supply chain operations where run-outs can have detrimental effects. These and other challenges often result in trucks being dispatched inefficiently, driving up operational costs and complicating customer service delivery.

Innovative fuel distributors are adopting Internet of Things solutions, implementing commercially available tank monitoring solutions to drive business value through increased operational efficiencies, the elimination of emergency deliveries and enhanced customer service.

By placing low-cost, low-power sensors on fuel tanks, fill level and other valuable data can be sent over the network to monitoring solutions used by delivery companies to optimize their processes. Additionally, the automation of data collection, combined with robust reporting and analytics built into management software and mobile applications allows for a range of new value-add services to be made available to end customers. When information is shared through intuitive and convenient mobile apps, dealers and their customers engage more easily – everybody wins!

The fuel companies, their customers, fleet drivers and others require different data views and access permissions, which can complicate remote monitoring solutions.  In addition, connecting these systems to the Internet presents public safety risks if a hacker were to be able to access controls via an Internet connection. As a result, adoption of clearly valuable monitoring and management solutions using software and connectivity may be delayed.

Solution:

The Cognida Platform utilizes blockchain to store digital identities, security and access policies that can be enforced across remote systems, cloud services and mobile applications. In addition, it provides blockchain-secured messaging and data sharing services that can be flexibly hosted in the cloud or enterprise. Employing this suite of solutions in a distributed generation application provides the following capabilities:

  1. Incorporation of Cognida technology in remote mobile computing devices establishes a digital identity of the system which both authenticates data exported to cloud and mobile applications as well as enforcing remote access restrictions to safety critical controls.
  2. Cognida provides blockchain secured data sharing and messaging solutions, enabling the owner of the equipment to share customized data views and messages on a permission basis to multiple users including renters and equipment manufacturers.
  3. This enables different participants to take advantage of different views, while enabling the fuel suppliers to own and operate the system with the risk of attacks or data loss due to other means.

With these capabilities:

  1. Businesses and consumers can subscribe to a mobile application that allows them to immediately understand the level of fuel and need to replenish.
  2. Owners of the tanks, and fuel delivery companies can monitor tanks more efficiently, saving time and money, while also providing a higher level of customer satisfaction than competitors.
  3. Business benefits for the owners of the connected systems include ore revenue per delivery cycle, less cost to operate the overall business, and data integrity throughout.

Conclusion:

For modern fuel delivery services:

By simplifying security, access and data sharing, the Cognida Platform provides a practical suite of solutions to this sector. This provides practical, cost effective and secure solutions for monitoring fuel tank levels and managing the supply chain more efficiently as a result, while also providing a great service to their customers.

By |2018-08-01T09:20:00+00:00August 1st, 2018|Use Cases|

About the Author:

Josh Jones