Blockchain and the Internet of Things in the Industrial Sector
Abstract
Blockchain and the Internet of Things (IoT) are key technologies that will have a huge impact in the next 10 years for companies in the industrial market. This article describes how these two technologies will improve efficiencies, provide new business opportunities, address regulatory requirements, and improve transparency and visibility.
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Different consensus mechanisms have been proposed to develop alternatives greener than traditional PoW schemes, such as Proof-of-Stake and Proof-of-Space, but further research is required.
“In the case of mining, different consensus mechanisms have been proposed to develop alternatives greener than traditional PoW schemes (e.g., Proofof-Stake, Proof-of-Space [75]), but further research is required.”
From A Review on the Application of Blockchain to the Next Generation of Cybersecure Industry 4.0 Smart Factories (2019) · cites this paper as [75]
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Chauhan, N., & Dwivedi, R. K. (2022) · International Conference on Informatics (ICI) · doi:10.1109/ici53355.2022.9786895 · Cited by 34 · see citing works
Realization of Blockchain in Named Data Networking-Based Internet-of-Vehicles
Ahmad, F., Kerrache, C. A., Kurugöllü, F., & Hussain, R. (2019) · IT Professional · doi:10.1109/mitp.2019.2912142 · Cited by 31 · see citing works
“BC, originally designed for financial industry, is already revolutionizing the IoT industry including healthcare [3], supply chain [4] and logistics [5].”
BackgroundEnhancing Energy Storage Efficiency: Advances in Battery Management Systems in Electric Vehicles
Naseem, H., Hadi, A., Kang, M., & Seok, J. (2025) · Energy Technology · doi:10.1002/ente.202500100 · Cited by 29 · see citing works
Estimating Service Quality in Industrial Internet-of-Things Monitoring Applications With Blockchain
Maiti, A., Raza, A., Kang, B. H., & Hardy, L. (2019) · IEEE Access · doi:10.1109/access.2019.2948269 · Cited by 29 · see citing works
“Fig1(b) shows the typical system architecture of IoT and Supply chains as reported in several works [16], [25].”
BackgroundMethodJodlbauer, H., Brunner, M., Bachmann, N., Tripathi, S., & Thürer, M. (2023) · Logistics · doi:10.3390/logistics7040070 · Cited by 43 · see citing works
Energy Trading of Electric Vehicles using Blockchain and Smart Contracts
Asfia, U., Kamuni, V., Sheikh, A., et al. (2019) · European Control Conference (ECC) · doi:10.23919/ecc.2019.8796284 · Cited by 28 · see citing works
“A decentralized blockchain approach would overcome many of the problems associated with the centralized approach [3].”
BackgroundYounan, M., Elhoseny, M., Ali, A. A., & Houssein, E. H. (2021) · International Computer Engineering Conference · doi:10.1109/icenco49852.2021.9698947 · Cited by 31 · see citing works
Evaluating DAG-Based Blockchains for IoT
Zhao, L., & Yu, J. (2019) · IEEE International Conference on Trust, Security and Privacy in Computing and Communications (TrustCom) · doi:10.1109/trustcom/bigdatase.2019.00074 · Cited by 28 · see citing works
“Blockchain has been considered to be a solution to tackle the issue of security and privacy in IoT with concepts of decentralization and anonymity [5].”
BackgroundTrustworthiness for Transportation Ecosystems: The Blockchain Vehicle Information System
Distefano, S., Giacomo, A. D., & Mazzara, M. (2021) · IEEE Transactions on Intelligent Transportation Systems · doi:10.1109/tits.2021.3054996 · Cited by 27 · see citing works
“Some survey (partially) explored this wide area, in the context of IoT and smart city services as smart mobility [14]–[16], or in more narrow and focused application domains, such as logistics [17] and supply chain [18].”
BackgroundMerrad, Y., Habaebi, M. H., Elsheikh, E. A. A., Suliman, F. M., Islam, M. R., Gunawan, T. S., & Mesri, M. (2022) · Mathematics · doi:10.3390/math10152754 · Cited by 29 · see citing works
Rane, S. B., & Narvel, Y. A. M. (2021) · International Journal of System Assurance Engineering and Management · doi:10.1007/s13198-021-01331-4 · Cited by 26 · see citing works
A secure blockchain system for Internet of Vehicles based on 6G-enabled Network in Box
Yi, H. (2022) · Computer Communications · doi:10.1016/j.comcom.2022.01.007 · Cited by 26 · see citing works
A Proposed Architecture for Pharmaceutical Supply Chain Based Semantic Blockchain
Ouf, S. M. (2021) · International journal of intelligent engineering and systems · doi:10.22266/ijies2021.0630.04 · Cited by 24 · see citing works
“Applying blockchain technology in the pharmaceutical supply chain, will secure the data collected from the IoT because of the decentralization, immutability, and transparency of blockchain [6].”
‘Un’-blocking the industry 4.0 value chain with cyber-physical social thinking
Mendhurwar, S., & Mishra, R. (2021) · Enterprise Information Systems · doi:10.1080/17517575.2021.1930189 · Cited by 26 · see citing works
Reputation-Driven Dynamic Node Consensus and Reliability Sharding Model in IoT Blockchain
Jiang, N., Bai, F., Huang, L., et al. (2022) · Algorithms · doi:10.3390/a15020028 · Cited by 24 · see citing works
Integration of Blockchains with Management Information Systems
Chan, K. C., Zhou, X., Gururajan, R., et al. (2019) · doi:10.1109/morse48060.2019.8998694 · Cited by 23 · see citing works
“In the era of the fourth industrial revolution, IoT [1], RFID, and QR Codes are inputs or sensors for real-time data collection.”
Background
- Authors
- Miller, D.
- Affiliations
- IBM
- Corresponding author
- Miller, Dennis
- Venue
- IT Professional
- Published
- 2018-05
- Volume
- 20
- Issue
- 3
- Pages
- 15-18
- ISSN
- 1520-9202 (ISSN-L)
- 1941-045X
- OpenAlex
- W2807998273
- Cited by
- 272
- References
- 1
- Citations by year
- 2026: 4 · 2025: 6 · 2024: 22 · 2023: 27 · 2022: 47 · 2021: 51 · 2020: 53 · 2019: 54 · 2018: 8
- FWCI
- 66.93
- Type
- journal article
- Language
- en
- Open access
- closed
- Licence
- Locations
- IT Professional (publishedVersion)
- Topics
- Physical Sciences › Computer Science › Information Systems › Blockchain Technology Applications and Security
- Physical Sciences › Engineering › Industrial and Manufacturing Engineering › Digital Transformation in Industry
- Social Sciences › Decision Sciences › Management Science and Operations Research › Impact of AI and Big Data on Business and Society
- Keywords
- blockchain, Internet of Things, manufacturing industry, industrial efficiency, business opportunities, regulatory compliance, transparency, supply chain visibility
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