Blockchain Technology Accelerating Industry 4.0

Competitive industrial environments impose significant requirements on data sharing as well as the accountability and verifiability of related processes. Here, blockchain technology emerges as a possible driver that satisfies demands even in settings with mutually distrustful stakeholders. We identify significant benefits achieved by blockchain technology for Industry 4.0 but also point out challenges and corresponding design options when applying blockchain technology in the industrial domain. Furthermore, we survey diverse industrial sectors to shed light on the current intersection between blockchain technology and industry, which provides the foundation for ongoing as well as upcoming research. As industrial blockchain applications are still in their infancy, we expect that new designs and concepts will develop gradually, creating both supporting tools and groundbreaking innovations.