6Blockchain Technology for Industry 4.0
Rajiv Kumar Berwer1, Sanjeev Indora1, Dinesh Kumar Atal2, and Vivek Yadav3
1 Department of Computer Science and Engineering, Deenbandhu Chhotu Ram University of Science and Technology, Sonipat, Haryana, India
2 Department of Biomedical Engineering, Deenbandhu Chhotu Ram University of Science and Technology, Sonipat, Haryana, India
3 Expresslending Pty Ltd, Melbourne, Victoria, Australia
6.1 Introduction
6.1.1 Definition and Overview of Industry 4.0
The Fourth Industrial Revolution, or Industry 4.0, is identified by the transformative paradigm shift in the manufacturing and industrial sectors due to the combination of information technology and automation in various aspects of production, logistics, and service delivery [1–3]. The term “Industry 4.0” originated in Germany as an element of a strategic initiative to establish the country as a global leader in advanced manufacturing technologies. However, it has gained widespread recognition and adoption worldwide as a concept that goes beyond national boundaries. Figure 6.1 illustrates how Industry 4.0 builds on the achievements of its predecessors, including Industry 1.0 with mechanization, Industrial 2.0 with industrial production, and Industrial 3.0 with digitalization [4]. At its origin, Industry 4.0 represents a holistic and interconnected approach to industrial processes where intelligent machines, systems, and products communicate, collaborate, and make autonomous decisions. The ...
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