Chapter 16
Blockchain and Its Applications in Industry 4.0
Ajay Sudhir Bale,
Tarun Praveen Purohit,
Muhammed Furqaan Hashim,
Suyog Navale,
Ajay Sudhir Bale
Department of Electronics and Communication Engineering, New Horizon College of Engineering, Bengaluru, India
Search for more papers by this authorTarun Praveen Purohit
School of Engineering and Technology, CMR University, Bengaluru, India
Search for more papers by this authorMuhammed Furqaan Hashim
School of Engineering and Technology, CMR University, Bengaluru, India
Search for more papers by this authorSuyog Navale
School of Engineering and Technology, CMR University, Bengaluru, India
Search for more papers by this authorAjay Sudhir Bale,
Tarun Praveen Purohit,
Muhammed Furqaan Hashim,
Suyog Navale,
Ajay Sudhir Bale
Department of Electronics and Communication Engineering, New Horizon College of Engineering, Bengaluru, India
Search for more papers by this authorTarun Praveen Purohit
School of Engineering and Technology, CMR University, Bengaluru, India
Search for more papers by this authorMuhammed Furqaan Hashim
School of Engineering and Technology, CMR University, Bengaluru, India
Search for more papers by this authorSuyog Navale
School of Engineering and Technology, CMR University, Bengaluru, India
Search for more papers by this authorBook Editor(s):Jyotir Moy Chatterjee,
Harish Garg,
R. N. Thakur,
Jyotir Moy Chatterjee
Search for more papers by this authorHarish Garg
Search for more papers by this authorR. N. Thakur
Search for more papers by this authorSummary
Blockchain is one among the many advancements in emerging technologies brought to Industry 4.0. Blockchain can be used for both small-scale and large-scale industries to increase data transparency, security, and privacy. Industry 4.0, or the fourth industrial revolution, is a collection of cutting-edge manufacturing procedures that enable businesses to reach their goals and objectives more quickly. Several studies on Industry 4.0 technologies, such as the artificial intelligence (AI), Internet of Things (IoT), and blockchain have been done in recent years. These innovations open the doors to plenty of possibilities across the supply chain and production factories. Blockchain has grown in popularity and is now a widely recognized technology with the ability to transform industrial and supply chain settings. Various fields now offer intriguing insights on blockchain and its benefits. This chapter examines Blockchain's background, its huge potential for Industry 4.0, as well as the various drivers, challenges, and capabilities of blockchain enhancing the experience of Industry 4.0.
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