Coordination in the age of Industry 4.0: The case of blockchain
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Abstract
The topic of coordination arises whenever various tasks or resources must be employed together to produce desirable outcomes. Whereas the complexity of tasks and interactions needed to produce results increase coordination needs, advances in information and communication technologies (ICT) dramatically improve its possibilities. Vertically and horizontally integrated Industry 4.0 manufacturing systems, using ICT to interact with and expand the capabilities of the physical systems, both demand enhanced coordination within and between organizations, and are themselves designed to foster coordination, making coordination in the age of Industry 4.0 a particularly timely and challenging research topic. The paper contributes to the emerging stream of literature on coordination in the age of Industry 4.0 by analyzing the characteristics of blockchain as a coordination mechanism and its application to the hybrid cyber-physical production systems.
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