Blockchain Platform for Industrial Internet of Things

Abstract

Internet of Things (IoT) are being adopted for industrial and manufacturing applica-tions such as manufacturing automation, remote machine diagnostics, prognostic health management of industrial machines and supply chain management. Cloud-Based Manufacturing is a recent on-demand model of manufacturing that is leve-raging IoT technologies. While Cloud-Based Manufacturing enables on-demand access to manufacturing resources, a trusted intermediary is required for transactions between the users who wish to avail manufacturing services. We present a decentra-lized, peer-to-peer platform called BPIIoT for Industrial Internet of Things based on the Block chain technology. With the use of Blockchain technology, the BPIIoT plat-form enables peers in a decentralized, trustless, peer-to-peer network to interact with each other without the need for a trusted intermediary.