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Blockchain Technology With the Internet of Things in Manufacturing Data Processing Architecture
Abstract
Modern manufacturing logistics and supply chain have transformed into highly complex value-creating business networks. It has become increasingly challenging to cross-check the source of raw materials and maintain visibility of products and merchandise while moving through the value chain network. This way, the high complexity of manufacturing business processes and the continuously growing amount of information lead to extraordinary demand to find an appropriate data processing architecture for the global manufacturing industry. The internet of things (IoT) applications can help manufacturing companies track, trace, and monitor products, business activities, and processes within the respective value chain networks. Combining with IoT, blockchain technology can enable a broader range of different application scenarios to improve value chain transparency. This chapter presents a hybrid (i.e., IoT, blockchain, service-oriented computing) data processing architecture for the manufacturing industry.
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