Blockchain Applications for Industry 4.0 and Industrial IoT: A Review
The potential of blockchain has been extensively discussed in the literature and media mainly in finance and payment industry. One relatively recent trend is at the enterprise-level, where blockchain serves as the infrastructure for internet security and immutability. Emerging application domains in...
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| Published in | IEEE access Vol. 7; pp. 176935 - 176951 |
|---|---|
| Main Authors | , , , |
| Format | Journal Article |
| Language | English |
| Published |
Piscataway
IEEE
2019
The Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Subjects | |
| Online Access | Get full text |
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| Abstract | The potential of blockchain has been extensively discussed in the literature and media mainly in finance and payment industry. One relatively recent trend is at the enterprise-level, where blockchain serves as the infrastructure for internet security and immutability. Emerging application domains include Industry 4.0 and Industrial Internet of Things (IIoT). Therefore, in this paper, we comprehensively review existing blockchain applications in Industry 4.0 and IIoT settings. Specifically, we present the current research trends in each of the related industrial sectors, as well as successful commercial implementations of blockchain in these relevant sectors. We also discuss industry-specific challenges for the implementation of blockchain in each sector. Further, we present currently open issues in the adoption of the blockchain technology in Industry 4.0 and discuss newer application areas. We hope that our findings pave the way for empowering and facilitating research in this domain, and assist decision-makers in their blockchain adoption and investment in Industry 4.0 and IIoT space. |
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| AbstractList | The potential of blockchain has been extensively discussed in the literature and media mainly in finance and payment industry. One relatively recent trend is at the enterprise-level, where blockchain serves as the infrastructure for internet security and immutability. Emerging application domains include Industry 4.0 and Industrial Internet of Things (IIoT). Therefore, in this paper, we comprehensively review existing blockchain applications in Industry 4.0 and IIoT settings. Specifically, we present the current research trends in each of the related industrial sectors, as well as successful commercial implementations of blockchain in these relevant sectors. We also discuss industry-specific challenges for the implementation of blockchain in each sector. Further, we present currently open issues in the adoption of the blockchain technology in Industry 4.0 and discuss newer application areas. We hope that our findings pave the way for empowering and facilitating research in this domain, and assist decision-makers in their blockchain adoption and investment in Industry 4.0 and IIoT space. |
| Author | Chamola, Vinay Parizi, Reza M. Alladi, Tejasvi Choo, Kim-Kwang Raymond |
| Author_xml | – sequence: 1 givenname: Tejasvi surname: Alladi fullname: Alladi, Tejasvi organization: Department of Electrical and Electronics Engineering, BITS-Pilani, Pilani, India – sequence: 2 givenname: Vinay orcidid: 0000-0002-6730-3060 surname: Chamola fullname: Chamola, Vinay organization: Department of Electrical and Electronics Engineering, BITS-Pilani, Pilani, India – sequence: 3 givenname: Reza M. orcidid: 0000-0002-0049-4296 surname: Parizi fullname: Parizi, Reza M. organization: College of Computing and Software Engineering, Kennesaw State University, Marietta, GA, USA – sequence: 4 givenname: Kim-Kwang Raymond orcidid: 0000-0001-9208-5336 surname: Choo fullname: Choo, Kim-Kwang Raymond email: raymond.choo@fulbrightmail.org organization: Department of Information Systems and Cyber Security, The University of Texas at San Antonio, San Antonio, TX, USA |
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| SubjectTerms | Blockchain Contracts Cryptography Decision making Domains Financing Industrial applications industrial IoT Industries Industry 4.0 industry 40 Internet of Things Medical services Peer-to-peer computing Production smart contracts |
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| Title | Blockchain Applications for Industry 4.0 and Industrial IoT: A Review |
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