2020 – the year of changes and digitalization.
The new upcoming standards concern digitalization and automation. In fact, Industry 4.0, as well as Machine-to-Machine communication and Internet of Things, are crucial at this time, especially due to the pandemic of Covid-19 and contact restrictions. Blockchain technologies also belong to the upcoming standards of Industry 4.0.
The concept of a blockchain consists of “block” and “chain”: digital records of transactions of individual documents, which are the so-called “blocks” are linked together through the chain. Therefore, data are verified, secured, and shared to build the blocks of the blockchain technology. It is also very difficult for just one user to take control over the network since a blockchain is a peer-to-peer-based topology where the data is stored on thousands of servers.