Blockchain System with Credit-Based Consensus Mechanism for Industrial Internet of Things: An Application of Industry 4.0

Abstract

The convergence of Blockchain technology with the Industrial Internet of Things (IIoT) has emerged as a strategic response to the challenges inherent in traditional industrial systems. In the backdrop of Industry 4.0, where the optimization of industrial processes relies heavily on data-driven decision making, there is a pressing need for a robust and secure infrastructure. The primary issues stem from the vulnerabilities of centralized systems, including data security risks, lack of transparency, and susceptibility to unauthorized access.