Blockchain—Internet of Things Applications: Opportunities and Challenges for Industry 4.0 and Society 5.0
National Institute of Fashion Technology · Vellore Institute of Technology University
Abstract
Today, blockchain is becoming more popular in academia and industry because it is a distributed, decentralised technology which is changing many industries in terms of security, building trust, etc. A few blockchain applications are banking, insurance, logistics, transportation, etc. Many insurance companies have been thinking about how blockchain could help them be more efficient. There is still a lot of hype about this immutable technology, even though it has not been utilised to its full potential. Insurers have to decide whether or not to use blockchain, just like many other businesses do. This technology keeps a distributed ledger on each blockchain node, making it more secure and transparent. The…
Citation impact
- FWCI
- 88.79
- Percentile
- 100%
- References
- 54
Authors
4Topics & keywords
- Blockchain
- Internet of Things
- Computer security
- Distributed ledger
- Computer science
- Smart contract
- Automation
- The Internet