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Blockchain technology is part of the 4th industrial revolution of Industry and has generated a lot of potential for stakeholders and endusers. From Bitcoin and Ethereum, to the third-generation of blockchains, the technology has transformed the digital landscape in many industrial sectors. Cross-Industry Blockchain Technology: Opportunities and Challenges in Industry 4.0 explores the role of blockchains in industry 4.0 across multiple industries. It covers the problems and new frontiers encountered by engineers and professionals for commercial and technical use. The range of Blockchain applications covered in the book include finance, Big Data, health industry, hydrophonics, and vehicle ad hoc networks. General readers and industry professionals interested in Blockchain technology and industry 4.0 will find interesting information about current tech trends in this space.
The book aims to shed light on Blockchain technologies which are the talk of the town in current times and have attracted a lot of potential end users. The excitements engendered by blockchain technologies completely relish the great feature of their exploitation in the facilitation and usage of cryptocurrencies. Bitcoin and Ethereum are the two most illustrious examples which foster a good future for Cryptocurrencies. A blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. As a promising technique to achieve decentralized consensus, Blockchain helps achieve benefits critical to enterprises and create extraordinary opportunities for businesses to come together in new ways.
Blockchain and IoT are the most exciting technologies in the current world, combining these two together may resolve a lot of issues. In the current scenario, we are using IoT devices in nearly everything. By the end of this era, we can presume that all of our day-to-day use devices will be smart. But with this various issue may rise like safety, security, and performance concerns of smart devices. To resolve these issues, blockchain technology has emerged as a very powerful tool. In this chapter, the basics of blockchain along with its architecture and algorithms involved are discussed. IoT challenges and related literature are also discussed along with blockchain as an efficient technology to resolve these issues