Track: Industry Solutions

Abstract

“With the advent of Industry 4.0, Blockchain is the new technology which current in its nascent stage but seems to have high prospectus in the coming decade. In today’s scenario when each application and tool is getting tied to the digital thread and each aspect of the data related to product is captured with sensors and exceptional devices thus making its place in Internet of things. This high diverse spectrum of data has changed the way will work in future. These technologies are bound to exponentially change the speed of growth. In such time we need to have strong foundation like Blockchain which will bring in more transparency, trust, privacy, appropriate access sharing, and will channel the chaos inherent to these new technologies coming in.

   As rightly said by Jack Shaw, Executive Director American Blockchain Council: Blockchain in simple terms “Wherever people, processes, businesses, governments, or the social good requires proof of identity, ownership, transactions, or commitments; Blockchain technologies promise to meet those needs with a degree of trust and integrity never before possible”