The use of blockchain in Industry 4.0 will bring about five major changes
Industry 4.0 is the latest trend marked by the emergence of a wide range of industrial automation, high-bandwidth mobile networks, and the development of the Internet of Things (IoT). Blockchains will have a variety of potential applications in Industry 4.0. According to reports, the latest statistics show that by the end of 2017, nearly 60% of consumer goods and manufacturing companies have deployed blockchain solutions.
Although the basic technology behind the blockchain remains the same, it has different functions when used in an industrial environment. Blockchains can be used to monitor processes and activities in everyday workflows, with the following benefits:
First, strengthen accountability and quality control: blockchain records can add a unique label to each transaction, and can add a new level of responsibility and quality assurance in a single centralized digital record.
Second, improved contract management and procurement: block chain introduces the concept of modern intelligence contracts. Smart contracts can arrange the necessary logistics, such as payment, transportation, etc., in real time to simplify operations on behalf of all relevant personnel.
Third, scalable new options: In the past, many manufacturers were operating under the look of the bank's face, and the introduction of new projects, acquisition partners, etc. are controlled by banks. The blockchain can return these powers directly from the bank to the manufacturer. In view of the rapid development of blockchain and the early acceptance of general computer users, it may be that the blockchain will become the backbone of the entire enterprise.
4. Introducing new security into the supply chain: Although the current application is very strict and very limited, the blockchain is very flexible. Highly creative and skilled professionals have developed new applications for this technology, including in supply chain management applications. Companies such as IBM, SAP and Oracle have built blockchain platforms to support future applications.
However, the blockchain platform still has some data security and confidentiality issues that must be addressed before the blockchain can fully exploit the potential of Industry 4.0. The Industrial 4.0 environment has a number of creative uses of blockchain technology, depending on the specific needs of the manufacturer. But before the conversion is complete, some fine-tuning is required.
5. Protecting billions of devices: According to the latest data, there will be about 24 billion devices connected by 2020, including billions of IoT systems. Not only does this require increased network security, but it also requires increased efficiency in processing data, monitoring online activities, and verifying records.
Some possible uses of blockchains in Industry 4.0 include remote identification and validation of IoT devices through blockchains; attachment of tamper-proof dates and times to records to prevent editing or manipulation; switching to private blockchains for business Share classification or sensitive information between partners and executives.
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