ABSTRACT
The use of digital technologies often leads to the creative destruction of businesses, markets and value networks, and this disruptive innovation requires transformations in organizational structures, business processes and business models. The real-time interconnection of the separate elements of the production chain by means of RFID technologies and actuators is the main reason for this disruptive potential of the digital revolution. With the decreasing cost of RFID chips, IoT has the potential to trigger a new revolution. The Digital Twin (DT) technology with its real-time data of products and processes from design and development to the end of the product lifecycle, together with artificial intelligence, machine learning and predictive analysis techniques, not only provides digital tracking of the product or process but also enables products, machines and processes to self-manage and make decisions without the need for human intervention. Blockchain technology allows data to be stored across the network rather than in a central storage, thus providing users with a more secure, permanent, auditable, anonymous and decentralized access. Real-time uninterrupted monitoring, security and management of data are vital for the efficiency of DTs. This study proposes a model for the use of blockchain technology in connection with DTs due to the benefits it provides for decentralized data storage, data immutability and data security.
