Blockchains for industrial Internet of Things in sustainable supply chain management of industry 4.0, a review

Abstract

The integration of blockchain technology in the Industrial Internet of Things (IIoT) for sustainable supply chain management in the context of Industry 4.0 offers several potential benefits. A public and auditable record of the environmental impact of each supply chain stage can be made using blockchain technology. A more streamlined and effective supply chain is made possible by blockchain's decentralized structure. Delays, mistakes, and the need for middlemen are decreased by real-time access to a shared ledger. IIoT devices like sensors and RFID tags can provide real-time data on the location, condition, and environmental parameters of goods. Blockchain can then be used to record and incentivize sustainable practices, such as reducing energy consumption or minimizing waste. The integration of blockchain with IIoT can develop the supply chain management for enabling real-time tracking of goods, optimizing inventory management, and ensuring compliance with sustainability standards. The paper provides a comprehensive overview of the key challenges facing traditional supply chains and how the combined use of Blockchains and IIoT technologies. The review also evaluates the environmental, social, and economic implications of adopting Blockchain-enabled IIoT solutions in supply chain operations. Furthermore, the review assesses the current state of research and development, identifying gaps in existing literature and proposing avenues for future exploration. As a results, by highlighting the synergies between these technologies, it seeks to inspire further innovation and adoption, ultimately fostering a more resilient, transparent, and environmentally conscious industrial ecosystem.