Integration of blockchains with management information systems

In the era of the fourth industrial revolution (Industry 4.0), many Management Information Systems (MIS) integrate real-time data collection and use technologies such as big data, machine learning, and cloud computing, to foster a wide range of creative innovations, business improvements, and new business models and processes. However, the integration of blockchain with MIS offers the blockchain trilemma of security, decentralisation and scalability. MIS are usually Web 2.0 clientserver applications that include the front end web systems and back end databases; while blockchain systems are Web 3.0 decentralised applications. MIS are usually private systems that a single party controls and manages; while blockchain systems are usually public, and any party can join and participate. This paper clarifies the key concepts and illustrates with figures, the implementation of public, private and consortium blockchains on the Ethereum platform. Ultimately, the paper presents a framework for building a private blockchain system on the public Ethereum blockchain. Then,integrating the Web 2.0 client-server applications that are commonly used in MIS with Web 3.0 decentralised blockchain applications

Blockchain enabled industrial Internet of Things technology

The emerging blockchain technology shows promising potential to enhance industrial systems and the Internet of things (IoT) by providing applications with redundancy, immutable storage, and encryption. In the past a few years, many more applications in industrial IoT (IIoT) have emerged and the blockchain technologies have attracted huge amounts of attention from both industrial and academic researchers. In this paper we address the integration of blockchain and IIoT from the industrial prospective. A blockchain enabled IIoT framework is introduced and involved fundamental techniques are presented. Moreover, main applications and key challenges are addressed. A comprehensive analysis for the most recent research trends and open issues is provided associated with the blockchain enabled IIoT

A Review on the Application of Blockchain to the Next Generation of Cybersecure Industry 4.0 Smart Factories

[Absctract]: Industry 4.0 is a concept devised for improving the way modern factories operate through the use of some of the latest technologies, like the ones used for creating the Industrial Internet of Things (IIoT), robotics, or Big Data applications. One of such technologies is blockchain, which is able to add trust, security, and decentralization to different industrial fields. This article focuses on analyzing the benefits and challenges that arise when using blockchain and smart contracts to develop Industry 4.0 applications. In addition, this paper presents a thorough review of the most relevant blockchain-based applications for Industry 4.0 technologies. Thus, its aim is to provide a detailed guide for the future Industry 4.0 developers that allows for determining how the blockchain can enhance the next generation of cybersecure industrial applications

Practices of Using Blockchain Technology in ICT under the Digitalization of the World Economy

Abstract. Pursuing the purpose of effective functioning in today's conditions, the business is forced to transform rapidly, to modernize at all levels. The world is changing, erasing the limits of its certainty. Companies need quality transformations and strategies that are effective in the face of rapid change towards "deep" digitization. Massive corporate management systems increasingly need the flexibility to keep pace with change. And companies with an innovative culture are more in need of creative tasks than implementing detailed regulations. In the post-industrial time of digital economy, issues related to the development of the information sphere, the media and communications, the usage of modern information systems to develop the economy and stabilize social development as a whole, come first. The basic principles of practical application of Blockchain are investigated in the work. The stages of development of Blockchain technology, the stages of development of Blockchain technologies by time, the application of distributed registry technology in Blockchain applications, the principles of construction and operation of Blockchain have been specified. The benefits of using NEM for business are substantiated and the components of Proxima X technology, protocols and service layers, on-line and off-line protocols, decentralized applications are exposed

Integration of Next Generation IIoT with Blockchain for the Development of Smart Industries

In modern era, a wide range of smart industries is being focus on automation-based applications. Various technologies are rapidly implementing in Industrial Internet of Things (IIoT) for manufacturing sectors that helping to achieve advanced schedule production framework and on time delivery of products. The integration of IIoT platforms with the blockchain are challenging service in manufacturing system. The primary objective of this article is to characterize various issues and challenges that are implementing IIoT and blockchain in industries. The proposed work is an integration of IIoT and blockchain in industrial processes for solving the security issues in real-time. Also, identifying various enablers of blockchain and issues of IIoT from smart industries manufacturing using a survey tool is formed in the form of questionnaire. Based on these responses Decision Making Trial and Evaluation Laboratory (DEMATEL) technique has been implemented for categorizing these challenges into cause and effect. In this paper, we introduce the general layout with their key issues and challenges of IIoT and blockchain that signifies the safety requirements to design the IIoT and blockchain. Further, we describe how IIoT can be integrated to the blockchain for smart Industrial applications. Finally, various recommendations are the proposed to upcoming IIoT and blockchain developments. The proposed work will be highly beneficial for the smart industries to develop a next generation IIoT and blockchain based framework

Blockchain Technology and its Applications Across Multiple Domains: A Survey

Blockchain technology has become an active area of research and a technological option for many businesses and industrial communities. With its distributed, decentralized, and trustless nature, blockchain can provide businesses with new opportunities and benefits through increased efficiency, reduced costs, enhanced integrity and transparency, better security, and improved traceability. Although blockchain’s largest applications have been in the finance and banking sector, we now see experiments and proposed applications in different fields. This paper provides an overview of blockchain technology; it brings together all the key design features, characteristics, and benefits of blockchain that make it a superior and unique technology, and it presents the popular consensus protocols and taxonomy of blockchain systems. Additionally, the paper surveys blockchain-based applications across multiple domains such as in finance, insurance, supply chain management, energy, advertising and media, real estate and healthcare. It aims at examining the industries’ key issues, blockchain solutions and use cases. The paper highlights three broad limitations that blockchain technology presents: scalability, security, and regulation, and shows how these challenges could impact blockchain application and adoption