MGM’s College of Engineering and Technology (MGMCET) at Kamothe, Navi Mumbai has organized a National Conference on theme of “Industry 4.0”.
Dept. of Electronics & Tele communication Engineering, Mechanical Engineering and Computer Engineering jointly organised this.
This is presentation of Blockchain into Industry 4.0
3. WHAT DOES THAT MEAN?
● What is a blockchain ?
○ blockchain is a distributed, decentralized, ledger
■ Distributed Database - everyone has a copy
■ Decentralized - no single owner
■ Immutable - Secure from tampering
○ Two main models
■ Public - Permissionless
■ Private - Permissioned
4. Introduction Use Cases
● Cryptocurrency is the most well known
○ Let's not go there
● Provenance
○ Supply chain, financial trading, precious metals
and gems, food supply, royalty tracking
● Healthcare, IoT, Telco
● Public Sector - incentive programs
● Government - deeds, licenses, estate settlement
6. DEFINTION
Blockchain
- Type of distributed ledger
- Value exchange transactions are sequentially grouped
into blocks
- Each block is chained to the previous block
- Immutably recorded across a peer to peer network
- Uses Cryptographic trust and assurance
- May include programmable behavior
A blockchain is a
protocol for
building historical
record of
transactions
8. ORIGIN
Blockchain technology was first introduced in a whitepaper entitled:
“Bitcoin: A Peer-to-Peer Electronic Cash System,” by Satoshi Nakamoto in
2008.
No reliance on trust
Digital signatures
Peer-to-peer network
Proof-of-work
Public history of transactions
Honest, independent nodes control majority of CPU computing power
Nodes vote with CPU computing power
Rules and incentives enforced through consensus mechanism
https://bitcoin.org/bitcoin.pdf
Distributed Systems
Peer to Peer Networking
Hashing Functions
Public-Key Private-Key
Cryptography
Cryptographic Signatures
Elliptic Curve Cryptography
9. BENEFITS AND CHALLENGES
Benefits
Disintermediation & trustless
exchange
Empowered users
High quality data
Durability, reliability, and longevity
Process integrity
Transparency and immutability
Ecosystem simplification
Faster transactions
Lower transaction costs
Challenges
Nascent technology
Uncertain regulatory status
Large energy consumption
Control, security, and privacy
Integration concerns
Cultural adoption
Cost
14. Technology Dimension in Industry 4.0
with Blockchain
Demand-driven supply chain
Big Data
Cloud
Internet of Things ("IoT")
Cyber-security
Additive manufacturing
Autonomous Robotics
Augmented Reality
17. Conclusion
The Industry 4.0 blueprint sets out pathways and
avenues towards the ending destination of becoming an
entirely digital enterprise.
The instinctive procedures in blockchain technology
give the industry ecosystem the opportunity to
cross-check its own devices and suppliers while giving
the assurance of confidentiality of sensitive information.
