16 Role of Blockchain in Industry 4.0

Keshav Kaushik and Bhavana Kaushik

University of Petroleum & Energy Studies

DOI: 10.1201/9781003321149-16

Contents

16.1 Introduction to Blockchain Technology: Characteristics and Protocols

A blockchain is a distributed, decentralized database of records that allows for quick, secure transactions without being monitored by a centralized administration. The future of cryptocurrencies is anyone’s guess, but it is important to recognize the importance of blockchain technology ...

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