Hackers can infect network-connected wrenches to install ransomware | Researchers identify 23 vulnerabilities, some of which can exploited with no authentication::Researchers identify 23 vulnerabilities, some of which can exploited with no authentication.
For critical bolts you want a record in a database. See Boeing’s panel scandal for the need for that. Could be a local-only database though
Based on the product details it is. It’s not an Internet connected tool.