Management of data flows in modern industry using blockchain

Abstract

Recent research and publications. "Industry 4.0" is a concept of the industrial revolu-tion, which is based on the use of modern technologies and digital innovations in production and distribution processes. The introduction of the concept of "Industry 4.0" was designed to improve the competitiveness of European industry and increase productivity and product quality. A blockchain is a distributed data structure that is replicated and distributed among network members. The purpose of the study is to improve automation processes, increase efficiency, re-duce delays and errors in information systems of industry and supply chains by using block-chain technologies in the construction of information systems. Main material of the study. The paper makes an analysis of approaches and algorithms to data management in "Industry 4.0" information systems. Blockchain algorithms are com-pared to classical approach with other databases in the client-server architecture. Conclusions. By implementing algorithms based on blockchain technology, namely by using the Merkle Tree, digital signature technology, and by using consensus algorithms in the framework of decentralized data storage in Distributed Ledger Technology, the processes of automation and efficiency in data flow management are improved, providing a secure and transparent way to store and share data that reduces delays and errors in industry informa-tion systems and supply chains.