Blockchain Revolutionizing Industry 4.0 (Decentralize Technology for Industries Automation)

Abstract

Purpose: The basic purpose of Study or research work is to find the revolutionary factors that can remonetise the process or assets involved in todyas industry ,basically after or in deployment phase of Industry 4.0.Out of so many approaches one latest adoption in this series is Blockchain based methodologies for Trusteless domain to Distributed domain.Blockchain initially developed or deployed and came into existence for financial/ banking sector and primary focused aim was crypto currency.It is a matter of fact that when at very initial level technology come across the users generally faces in rejection at early adoption stages , the same things repeated with blockchain also initially or even today also peoples who don’t know much about Technologies usually relates blockchain with crypto currency or Bitcoin but it is not like that and now entire world recognises the power of blockchain deployment in different sectors like healthcare agriculture governance automization,supply chain management ,etc and plays a vital role or we can say revolutionizing the industry 4.0.
Methodology: The complete study based upon the deep research based findings ,Aim is to find how make the industrial process simpler to simplest and how to make industrial process to deliver the best customized product that meets the specification of customer dreams.
Originality/Value: Study purely based upon the process of Industry 4.0. How the machinery in industries and humans can interact/even transact with each other without knowing in among selves in secure domain with Block chain.
Findings: In research based study authors find that after deployment of IoT (Internet of Things),machines and things are now becoming capable to communicate in entire world with internet.CPS(Cyber Physical System) completely taking shape in every sector. In industry 4.0 CPS system going to be fully matured. Sooner than later there will be a need arises to make secure and transparent transactions with decentralize technology among industry 4.0 various process and blockchain might be one best technology as solution of this need.