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Applications of Blockchain in Industry 4.0: a Review
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Journal Article
Applications of Blockchain in Industry 4.0: a Review
2024
Overview
As the key component of Industry 4.0, IoT has been widely used in various fields of industry. But cloud-based data storage, computation, and communication in IoT cause many issues, such as transmission delay, single point of failure, and privacy disclosure. Moreover, the centralized access control in IoT constrains its availability and scalability. Blockchain is a decentralized, tamper-proof, trustless, transparent, and immutable append-only database. The integration of Blockchain and IoT technologies has led to robust distributed applications, including smart healthcare, smart finance, smart supply chain, smart cities, smart manufacturing, smart government, smart agriculture, smart transportation, smart education, smart e-commerce, and smart grid. Blockchain should be consolidated with 5G and artificial intelligence to tackle the challenges associated with digital transformation in Industry 4.0.
