Innovative Application of 5G and Blockchain Technology in Industry 4.0

The Industry 4.0 is experiencing significant challenges, including the need for an increased amount of data transmission with improved security, transparency and credibility. The 5th Generation Mobile Network ( 5G) and Blockchainare innovative emerging technologiesthat can respond to these needs. 5Gwill enable extremely large channel capacitiesand reduce data latency, while Blockchain's innovative data-sharingmode of operation delivers an improved high level of security, transparency, and credibilityof stored data. Therefore, this paper presents a general survey of the potential application of 5Gnetwork and Blockchaintechnology in Industry 4.0. The results may be used by first-movers firms for gaining technological leadership on the market.