Innovative Application of 5G and Blockchain Technology in Industry 4.0

Abstract

The Industry 4.0 is experiencing significant challenges, including the need for an increased amount of data transmission with improved security, transparency and credibility. The 5th Generation Mobile Network (5G) and Blockchain are innovative emerging technologies that can respond to these needs. 5G will enable extremely large channel capacities and reduce data latency, while Blockchain's innovative data-sharing mode of operation delivers an improved high level of security, transparency, and credibility of stored data. Therefore, this paper presents a general survey of the potential application of 5G network and Blockchain technology in Industry 4.0. The results may be used by first-movers firms for gaining technological leadership on the market.