Blockchain In Industry 4.0 by bitdeal

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What Is Industry 4.0?

Industry 4.0 is a term that deďŹ nes the concept of the "smart factory" along with the growth of Industrial technologies (i.e)Industrial internet of things(IIoT) via automation, interconnectivity, Machine Learning, real-time data processing, and digitization

The term Industrie 4.0 was ďŹ rstly announced at Hannover fair In 2011, by a group of representatives from different ďŹ elds to accomplish the German Federal Government move towards High Tech Strategy of 2020.

History of Industrial Revolutions

Industry 1.0 - The First Industrial Revolution This is the era when machines started to replicate the work done with humans and animals. During this period, many labors lost their jobs as machines started to replace their work. In this period, the term "Factory" become more popular, Time Period - 19th Century (1870-1914)

Industry 2.0 - The Second Industrial Revolution The Period of modern production powered with factory electriďŹ cation. During this period water and steam energy have been started to replace by electrical power. Also, this period is better known for the introduction of railroads, and telegraphs. Time Period - 19th Century (1870-1914)

Industry 3.0 - The Third Industrial Revolution This Period is known as the ScientiďŹ c and technical revolution, This started to begin after the two world wars. During this period supercomputer has been invented, after that the use and mass adoption of computers started to grow inside the industries. This is the time where machines started to evolve from analog into the digital one. Time Period - 20th Century ( Approximately between 1930 - 1970)

Industry 4.0 - The Third Industrial Revolution We are currently in the early period of Fourth industrial revolution, that is called the digital revolution. We are living in the era of Machines started to communicate with each other via a network known as IoT (Internet Of things) and with People Known as Internet Of People (IoP) Time Period - (1975- Present )

Principles and Goals Of Industry 4.0 1. 2. 3. 4.

Interconnectivity Information or Data Transparency Immediate Technical Assistance To Make Decentralized Decisions

Components of Industry 4.0 ● ● ● ● ● ●

Mobile Devices ( Smartphones) IoT ( Internet Of Things) Industrial Internet Of Things (IIoT) Big Data Artiﬁcial Intelligence Location detection Technologies ( Advanced GPRS methodology)

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Smart sensors Augmented Reality Machine Learning Fog, Edge and Cloud Computing 3D printing Fraud Detection technologies

Components Categories ● ● ● ● ●

IoT Cyber-Physical Systems Cloud Computing Cognitive Computing Real-Time Data processing

What is IOT? It is a network of connected devices, to transmit digital data, without requiring any effort from the outside entities including human-human interactions or human-machine interactions.

What are Cyber-Physical Systems(CPS)? Cyber-physical systems, communicate internally with each other, humans, organizational services and other participants of the value chain.

What is Cognitive Computing? It is a set of technology platforms, which are based on some of the scientiďŹ c technologies like artiďŹ cial intelligence and also signal to process. Cognitive Computing encompasses machine learning, reasoning, NLP (Natural Language Processing ), Speech and Object Recognition.

What is Real-Time data processing It is an act or an ability of computers to continuously process the data and provides real-time insights ontime through the automated data analysis.

What is Cloud Computing? It refers to the process of analyzing computerized data inside an external source mostly on a permanent virtual storage so-called cloud storage.

List of Challenges in Adapting Industry 4.0 ●

Economical Challenge ○ ○

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2. Social Challenge ○

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High Installation Costs Adapting the New Business Work Model

Loss of Jobs

3. Organizational Challenges ○ ○ ○ ○ ○

IT Security Issues Reliability in Machine to Machine Communications To maintain the integrity of the Production process Insufficient qualiﬁcation of workers Low Involvement of top management

Blockchain In Industry 4.0 Now we have come to the core concept of this article, How the blockchain technology can be implemented for the cause of industry 4.0 The topmost challenges of adapting industry 4.0 are, ● ● ● ● ● ● ● ● ●

Implementing the data transparency, Decentralized decision-making process, Interconnectivity, Ease of data exchange, Automation, Informed decision, Scalability of machines or device implementation for mass productions, Traceability in SCM, To store data passed by the IIoT devices, sensors and CPS systems inside a fully secured storage.

Blockchain Use cases In Industry 4.0 1. Blockchain could automate and integrate the process of a supply chain with highly transparent information traceability Check out blockchain would work in SCM: Blockchain In Supply Chain Management 2. Can secure the Industrial IoT Process, functionalities, Data exchange between the IIoT devices. Check out Blockchain In IoT 3. Data Processing and Data Analyzation With Big Data could be more efficient Check out Blockchain In Big Data 4. Blockchain With Artificial Intelligence By implementing blockchain with artificial intelligence we could eliminate the hurdles in automated data transfer between the CPS system and IIoT connected devices in a production value chain, Check out Blockchain in Artificial Intelligence

Blockchain Use cases In Industry 4.0 Apart from the four above, the following use cases are the default use cases that could help in enhancing an industry. 5. Scalability 6. Data transparency 7. Decentralization During the mass production process, industries may face a situation of expanding their machines and device implementations. So, the basic technology which powers the entire mass production should be capable of supporting the scalability of device implementations, and data transparency with those devices as well as fulďŹ ll the decentralization. Blockchain would be the only choice to meet all these technical requirements.

Blockchain Technology in 2020 Adaptation of blockchain technology has grown very faster insider the business market. When blockchain has been introduced people have struggled to understand the concept, after just 2 or 3 years the blockchain adoption maturity has grown drastically. check out the below diagram which portrays blockchain adoption maturity from 2011-2022.

Final Thoughts about Blockchain in Industry 4.0 industry 4.0 is obvious and couldn't be avoided by anyone. But it is upon us to decide whether to go with the industrial revolution or stay back from the growth of industries. If industry wanted to grow with the trending technology it is a must for them to adapt, implement and experiment the concept of industry 4.0. The arrival of blockchain in industry 4.0 will sure enrich the idea of implementation and will empower the digital revolution across the world. If you are really wanted to be the part of the fourth industrial revolution along with your business, get connected with bitdeal. We are ready to assist you with blockchain implementation for any industry. Stay Tuned With US!

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Originally Published article : Blockchain In Industry 4.0