Blockchain Storage With Sharing of Internet of Things Data in Textile Production Supply Chains
Kamalendu Pal · Advances in finance, accounting, and economics book series · 2022
Internet of things (IoT) technology is poised to change the flow of data handling for tangible and intangible assets in textile production and utilization industries. It is reinventing global textile manufacturing operations, product distribution, and how manufacturers exchange value. For example, IoT technology helps gather operational data, store it, process it, and improve business efficiency. However, IoT technology-based textile production and its supply chain's information systems are highly vulnerable to security, privacy, and trust-related issues. This chapter presents the basic design and operation constraints that intelligent textile industries expect to experience within modern wireless data communication networks (e.g., 4G, 5G) with IoT technology and how blockchain technology can mitigate these constraints (e.g., privacy and security). The advantages of blockchain-based computing are its ability to scale rapidly, store data remotely, and provide service in a dynamic environment. Finally, this chapter presents a hybrid (i.e., IoT, blockchain, service-oriented computing) data processing architecture for the textile industries.