Blockchain-Based Distributed Transactions for Industrial Applications

Abstract

This chapter discusses blockchain technology, how distributed ledger works, transactions function in blockchain, and how distributed transactions are operated. We then look at the consensus system of blockchain and digital signatures. Next, we look at the major industrial applications like cloud computing in blockchain, software engineering frameworks using blockchain, cryptocurrencies, smart contracts, energy trading using blockchain, supply chain management, healthcare, etc. We have proposed a model for manufacturing using blockchain-based distributed transactions, which aims to solve major industrial problems using techniques highlighted in the chapter.