ABSTRACT
There is an exorbitant amount of data that exists due to data sharing. Currently, big data is operated through IoT, and IoT infrastructures and can be leveraged to improve life by creating utility and efficiency. Although IoT infrastructures and devices generate fine-grained data that can be analyzed to pointedly promote the development and optimization of technology, Isolatable resources such as electricity, mobile data, and large cloud-based stored data are often used to compute efficiencies. Optimization can be achieved through shared datasets to develop from reactive processes to proactive ones. The use of Blockchain technology platforms addresses privacy concerns and creates utility. In the data sanitizing process, blockchain application facilitates a framework that creates checks and balances while creating visibility of shared data to authorized users. On a global scale, digital transformation is the main key to the development of all sectors of the economy. Blockchain technology is a disruptive innovation that has changed the perception of many sectors. Compared to traditional data storage, blockchain offers an innovative solution to drive the optimization and promotion of transactions in all sectors of industries. The rapid evolution of global business architecture creates various opportunities and challenges. As global industries continue to grow, competition and the race for resources continue to demand robust solutions for complex business needs. Innovative solutions that create value with data and information are needed in this era of big data. Blockchain technology is of great significance to promote industrial transformation and technological innovation.
