Title: Implementation of blockchain technology in Industry 4.0: the digital banking transactions and challenges

Authors: Anitha Kumari

Addresses: Department of Information Systems, GITAM School of Business, Bengaluru, GITAM (Deemed to be University), India

Abstract: The remarkable progression of blockchain technology on the edge of the fourth industrial revolution will require new economic and organisational structures to achieve sustainable growth in every sector, especially in banking and finance. Blockchain technology in Industry 4.0 revitalises technological adaptation and illuminates the global banking industry with the high potential value of cryptocurrency, secure protocols, and distributed ledger technology. The research objective of the study is to overview the industrial revolution, blockchain technology in Industry 4.0, and the implementation challenges of the banking and finance industry. This study examines the understanding of technological advancement in industrial penetration that empowers a complete digital transformation of traditional banking services by integrating blockchain. The systematic literature review results highlight the blockchain technology implementation challenges and the benefits of the emerging technologies in Industry 4.0. Understanding the technological revolution would enable bankers to implement industrial-based blockchain applications for transparent, secure, and fast transactions.

Keywords: blockchain technology; Industry 4.0; internet of things; IoT; financial technology; Fintech; digital banking.

DOI: 10.1504/IJBIR.2026.154649

International Journal of Business Innovation and Research, 2026 Vol.40 No.3, pp.402 - 422

Received: 19 Aug 2021
Accepted: 20 Oct 2021
Published online: 09 Jul 2026 *

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