Blockchain, IoT Applications and Industry 4.0

The Internet of Things (IoT) has been extensively employed in numerous fields of the industry as a crucial component of Industry 4.0. Nevertheless, in the IoT, cloud-based storage capacity, computation, and communication cause a slew of issues, notably transmission delays, single points of failure, and privacy breaches. Moreover, the IoT’s centralized access control limits its flexibility and reliability. It is where blockchain, a decentralised, trust - free, accessible, and irreversible append-only database appears. Smart home, smart vehicle, smart cities, smart industry, smart appliances, and smart control systems have all benefited from the combination of Blockchain and IoT technologies.