AI-powered blockchain technology in industry 4.0, a review

Artificial Intelligence (AI) algorithms can be employed to enhance the security of the blockchain networks in the era of industry 4.0. Smart contracts, powered by blockchain, can be developed by using the AI capabilities. These contracts can execute themselves based on predefined conditions, automating various processes and reducing the need for intermediaries. Blockchain provides a transparent and immutable ledger for supply chain transactions. AI can be integrated to analyze this data, providing insights into the entire supply chain. This helps in tracking and tracing products, ensuring authenticity, and optimizing the supply chain based on data-driven decisions. AI algorithms can be employed to analyze data from the manufacturing process recorded on the blockchain. This allows for predictive maintenance and quality control, helping to identify and address issues before they result in defects or downtime. AI and blockchain can work together to secure the massive amount of data generated by IoT devices in an Industry 4.0 setting. Blockchain ensures the integrity and immutability of IoT data, while AI can analyze this data for insights and optimization. AI and blockchain can facilitate the creation of decentralized energy grids where AI algorithms optimize energy distribution and blockchain ensures transparent and secure energy trading through smart contracts. AI and blockchain can support decentralized and collaborative manufacturing networks where different entities can securely and efficiently collaborate on production processes. Blockchain enables individuals or organizations to securely monetize their data. AI can help analyze and determine the value of data, ensuring fair compensation in tokenized ecosystems. In this paper, applications of AI-Powered Blockchain Technology in Industry 4.0 is reviewed and discussed and future research works are also suggested. As a result, efficiency, transparency, and security across various industrial processes can be enhanced by analyzing the recent achievements in AI-Powered Blockchain Technology in Industry 4.0.