Blockchain Enabled Sustainability in Industry 4.0 for Aerospace domain
2022-26-1162
05/26/2022
- Event
- Content
- Industry 4.0 is a fusion of the innovative production practices that enable manufacturers to accomplish their business objectives in a lot more agile manner. Investigation has been performed on various Industry 4.0 technologies like Artificial Intelligence, Big data, Internet of Things (IoT), Blockchain and Sustainability and how they could create significant interruptions in recent years. These technologies provide various opportunities in the world of manufacturing and supply chain. Blockchain is a next-generation advancement of information technology for achieving sustainability in businesses and industries. The Impact of block chain is beyond economic parameter, it is transforming social interaction, public relations and affect options for sustainable development. The fundamental expertise of Blockchain is data privacy, transparency, value transfer & process effectiveness and automation, which could be leveraged to handle the efficient adjustments necessary to produce sustainable infrastructure. Sustainability is an engineering experiment and alarming need, in the modern world. Emerging smart technologies are a significant approach to safeguard the future manufacturing systems to be sustainable. Blockchain embedded sustainability initiatives will be the key innovative technologies altogether to see the new heights across aerospace industries. This research will identify the consequence-centered and behavioral mechanisms essential to engender social sustainability and to diminish risks through blockchain concepts in aerospace industries. This paper will discuss the major capability of Blockchain and sustainability in Industry 4.0 for aerospace domain. Various drivers, enablers, and related competencies of Blockchain technology for Industry 4.0 will also be discussed. Finally, the paper will conclude as to how blockchain elements, programs, and architectures can be leveraged to restructure and streamline modern aerospace ecosystems and applications. Keywords: Blockchain, Sustainability, Industry 4.0
- Citation
- Veeramalla, S., and Kumar, V., "Blockchain Enabled Sustainability in Industry 4.0 for Aerospace domain," SAE Technical Paper 2022-26-1162, 2022, .