Features International Sugar Journal
The Blackboard

Industry 4.0: Blockchain & Internet of Things: The best of both worlds optimally combined [Full subscriber]

  When the term blockchain is used, almost everyone thinks of Bitcoin. But then, cryptocurrency is only one of the many possible applications of this technology: blockchains are decentralized digital registers that offer high trustworthiness through crypto-graphic methods and decentralized storage. Blockchain is a special distributed ledger technology (DLT), a digital logbook for transactions combined into a block and chained together in chronological order–hence the name “blockchain”. The correctness of the information and transactions is not verified by a central authority but confirmed by all participants using a consensus algorithm. Blockchain technology, therefore, offers a high degree of data integrity…

Login or sign up

Create an account

Lost your password?