Omnitude & Williams
Omnitude understands that blockchain has its important place in the large mix of technologies required for success, but must also play well with others.
What can blockchain ever do for Formula 1?
Just how does Omnitude plan to work and share expertise with ROKiT Williams Racing?
Omnitude will be using Blockchain technology to help track and analyse simulation car and driver performance datasets for easy version control.
Enabling huge quantities of data and software variables to be understood through the simulation process, ensuring easy and effective decision making.
Improved processes allow for more simulation and wind tunnel practice time ensuring performance enhancement in real-world race situations.
We will be looking to transfer this across to live race data after successful trials.
Success through technology
Omnitude and ROKiT Williams Racing are leaders in Blockchain and racing technology, application, ideation, and utilisation.
The keyword for our partnership is exploration. We will work with the team to explore how blockchain technology could be implemented into numerous aspects of how a Formula One team operates. This partnership will allow ROKiT Williams Racing the capabilities to utilise blockchain technology in one of sport’s most demanding and data-driven environments.
We don’t yet know exactly where Blockchain technologies will be best applied but we are looking forward to this exploration, which has only just begun.
“Williams prides itself on speed of innovation and engineering excellence. We welcome the opportunity to form a close partnership with Omnitude and provide the ideal environment to showcase radical new technologies.”
Claire Williams, ROKiT Williams Racing Deputy Team Principal
We’re not just aiming in the dark. Not all innovation efforts succeed, but Omnitude is here to make sure that this one does. Remember that ROKiT Williams Racing is an enterprise organization. As such it has many needs, from the mundane — like ordering copy paper to real-time access — to detailed performance data — like tyre pressure. Often this data is stored disparately and siloed, and considerable effort and expense is necessary to ensure synchronisation. Major issues can arise with out-of-sync data.
Blockchain, and especially Omnitude’s approach using Hyperledger, completely eliminates all data synchronisation issues and concerns across multiple enterprise organisations.
The devil is in the detail
If we apply Blockchain and save a couple of hundred thousand dollars in back-office operations, like ordering copy paper, that leaves more money for design engineers or spare tyres. If we apply Blockchain technology to analysed performance datasets for easy sharing, and access across multiple partners and dramatically reduce integration costs, that’s so much more money for drivers or testing a new foil design, as well as faster, easier, more efficient access for their partners.
Back office efficiencies like ERP and SCM and WMS are known valid use cases and Omnitude’s specialties with our platform. We are confident there are similar use cases for performance and other race-specific data and are anxious to begin the exploration.
Blockchain is not a panacea replacement for all existing systems.
Omnitude understands that blockchain has its important place in the large mix of technologies required for success but must also play well with others.
The convergence of Artificial Intelligence/Machine Learning, the Internet of Things, and Distributed Shared Ledgers (Blockchain) is the technology trifecta for the next generation of applications.
Omnitude and ROKiT Williams Racing have been separately exploring and will now begin jointly innovating in this convergence space.