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Blockchain Technology Accelerating Industry 4.0

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Blockchains

Part of the book series: Advances in Information Security ((ADIS,volume 105))

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Abstract

Competitive industrial environments impose significant requirements on data sharing as well as the accountability and verifiability of related processes. Here, blockchain technology emerges as a possible driver that satisfies demands even in settings with mutually distrustful stakeholders. We identify significant benefits achieved by blockchain technology for Industry 4.0 but also point out challenges and corresponding design options when applying blockchain technology in the industrial domain. Furthermore, we survey diverse industrial sectors to shed light on the current intersection between blockchain technology and industry, which provides the foundation for ongoing as well as upcoming research. As industrial blockchain applications are still in their infancy, we expect that new designs and concepts will develop gradually, creating both supporting tools and groundbreaking innovations.

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Acknowledgements

Funded by the Deutsche Forschungsgemeinschaft (DFG, German Research Foundation) under Germany’s Excellence Strategy – EXC-2023 Internet of Production – 390621612.

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Author notes

  1. Jan Pennekamp, Lennart Bader, and Eric Wagner contributed equally to the work.

Authors and Affiliations

  1. RWTH Aachen University, Aachen, Germany

    Jan Pennekamp, Jens Hiller, Roman Matzutt & Klaus Wehrle

  2. Fraunhofer FKIE, Wachtberg, Germany

    Lennart Bader

  3. Fraunhofer FKIE & RWTH Aachen University, Wachtberg, Germany

    Eric Wagner

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  1. Jan Pennekamp
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  2. Lennart Bader
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  3. Eric Wagner
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  4. Jens Hiller
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  5. Roman Matzutt
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  6. Klaus Wehrle
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Correspondence to Jan Pennekamp .

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Editors and Affiliations

  1. School of Computer Science and Engineering, University of New South Wales, Sydney Kensington, NSW, Australia

    Sushmita Ruj

  2. School of Computer Science and Engineering, University of New South Wales, Sydney Kensington, NSW, Australia

    Salil S. Kanhere

  3. Department of Mathematics, University of Padova, Padova, Italy

    Mauro Conti

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Pennekamp, J., Bader, L., Wagner, E., Hiller, J., Matzutt, R., Wehrle, K. (2024). Blockchain Technology Accelerating Industry 4.0. In: Ruj, S., Kanhere, S.S., Conti, M. (eds) Blockchains. Advances in Information Security, vol 105. Springer, Cham. https://doi.org/10.1007/978-3-031-32146-7_17

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  • DOI: https://doi.org/10.1007/978-3-031-32146-7_17

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  • Online ISBN: 978-3-031-32146-7

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