Blockchains for industrial Internet of Things in sustainable supply chain management of industry 4.0, a review
Year: 2024
Type: article
Abstract: The integration of blockchain technology in the Industrial Internet of Things (IIoT) for sustainable supply chain management in the context of Industry 4.0 offers several potential benefits . A public and auditable record of the environmental impact of each supply chain stage can be made using blockchain technology . A more streamlined and effective supply chain is made possible by blockchain's decentralized structure. Delays, mistakes, and the need for middlemen are decreased by real-time access to a shared ledger. IIoT devices like sensors and RFID tags can provide real-time data on the location, condition, and environmental parameters of goods. Blockchain can then be used to record and incentivize sustainable practices , such as reducing energy consumption or minimizing waste. The integration of blockchain with IIoT can develop the supply chain management for enabling real-time tracking of goods, optimizing inventory management, and ensuring compliance with sustainability standards. The paper provides a comprehensive overview of the key challenges facing traditional supply chains and how the combined use of Blockchains and IIoT technologies . The review also evaluates the environmental, social, and economic implications of adopting Blockchain-enabled IIoT solutions in supply chain operations . Furthermore, the review assesses the current state of research and development, identifying gaps in existing literature and proposing avenues for future exploration. As a results, by highlighting the synergies between these technologies, it seeks to inspire further innovation and adoption, ultimately fostering a more resilient, transparent, and environmentally conscious industrial ecosystem.
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: hybrid
Estimated APC paid: $1,800
OpenAlex ID: W4400519712