Skip to main content
Top

2023 | OriginalPaper | Chapter

5. Distributed Ledger Technology in Industry 4.0: An Implementation

Authors : S. Fernández-Vázquez, R. Rosillo, P. Priore, J. Puente

Published in: Industry 4.0: The Power of Data

Publisher: Springer International Publishing

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

Blockchain, also known as distributed ledger technology, is a type of transformational technology that is currently regarded as one of the most important instruments of the well-known Industry 4.0. Blockchain's many properties, including smart contracts, decentralization, transparency, traceability, data immutability, and data protection, combined with a consensus structure, make it appropriate for application in today's fast-paced global businesses. As a result, businesses should evaluate and compare the value of traditional supply chains with new Blockchain-based systems that add characteristics like transparency to the picture. The purpose of this article is to use a literature review to demonstrate the benefits of Blockchain in supply chain management, highlighting key features such as sustainability, decentralization, data immutability, and the usage of smart contracts. It also seeks to offer experts with positive consequences so that suitable measures may be taken to deploy this technology.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Literature
1.
go back to reference Abeyratne S, Monfared R (2016) Blockchain ready manufacturing supply chain using distributed ledger. Int J Res Eng Technol Abeyratne S, Monfared R (2016) Blockchain ready manufacturing supply chain using distributed ledger. Int J Res Eng Technol
8.
go back to reference Ferreira C, Rabelo R, Sá Silva J, Cavalcanti C (2020) Blockchain for machine to machine interaction in industry 4.0. In book: blockchain technology for industry 4.0, secure, decentralized, distributed and trusted industry environment, Springer, 99–116. https://doi.org/10.1007/978-981-15-1137-0_5 Ferreira C, Rabelo R, Sá Silva J, Cavalcanti C (2020) Blockchain for machine to machine interaction in industry 4.0. In book: blockchain technology for industry 4.0, secure, decentralized, distributed and trusted industry environment, Springer, 99–116. https://​doi.​org/​10.​1007/​978-981-15-1137-0_​5
19.
go back to reference Schwab K (2017) The fourth industrial revolution. Crown Publishing Group, New York Schwab K (2017) The fourth industrial revolution. Crown Publishing Group, New York
21.
go back to reference Skilton M, Hovsepian F (2017) The 4th industrial revolution: responding to the impact of artificial intelligence on business. Springer International Publishing, AG, Cham Skilton M, Hovsepian F (2017) The 4th industrial revolution: responding to the impact of artificial intelligence on business. Springer International Publishing, AG, Cham
22.
go back to reference Stjepandic J, Wognum N, Verhagen W (2015) Concurrent engineering in the 21st century. Foundations, developments and challenges. Springer Stjepandic J, Wognum N, Verhagen W (2015) Concurrent engineering in the 21st century. Foundations, developments and challenges. Springer
Metadata
Title
Distributed Ledger Technology in Industry 4.0: An Implementation
Authors
S. Fernández-Vázquez
R. Rosillo
P. Priore
J. Puente
Copyright Year
2023
DOI
https://doi.org/10.1007/978-3-031-29382-5_5

Premium Partners