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Significance of Blockchain Technology in Industrial Applications With an Emphasis on Security Considerations

Significance of Blockchain Technology in Industrial Applications With an Emphasis on Security Considerations
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Author(s): Nilesh P. Sable (Vishwakarma Institute of Information Technology, India), Vijay U. Rathod (G.H. Raisoni College of Engineering and Management, India), Jyoti Yogesh Deshmukh (Marathwada Mitramandal's Institute of Technology, India)and Sonali Mahendra Sonavane (G.H. Raisoni College of Engineering and Management, India)
Copyright: 2025
Pages: 26
Source title: Machine Learning for Environmental Monitoring in Wireless Sensor Networks
Source Author(s)/Editor(s): Parikshit N. Mahalle (Department of Artificial Intelligence and Data Science, Vishwakarma Institute of Technology, Pune, India), Dattatray G. Takale (Vishwakarma Institute of Information Technology, India), Sachin Sakhare (Vishwakarma Institute of Information Technology, India)and Ganesh B. Regulwar (Vardhaman College of Engineering, India)
DOI: 10.4018/979-8-3693-3940-4.ch015

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Abstract

Block-chain technology has significantly shaped the evolution of industry. Many organisations are benefited from the security, data access, auditing, and transaction management features that block-chain decentralisation technology and privacy protocols provide inside digital platforms. Modern application disciplines like store network the board, Internet of Things, medical care, administration, and assembling are examined in this article as planned regions where block-chain innovation might upset these areas. Also, it gives data on late advancements in block-chain innovation. It examinations and gives bits of knowledge into the security issues and dangers implied with the organizations of block-chain innovation by breaking down the exploration through an exhaustive writing survey. This article discusses ideas for improving the security of the block-chain for business applications and makes critical focuses for extra review. The survey shows how adoption of block-chain technology by industrial sectors has accelerated recently, reaching new heights daily in the finance industry.

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