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Blockchain technology has taken on a leading role in today's industrialapplications by providing salient features and showing significant performancesince its beginning. Blockchain began its journey from the concept ofcryptocurrency and is now part of a range of core applications to achieveresilience and automation between various tasks. With the integration ofBlockchain technology into different industrial applications, many applicationdesigns, security and privacy challenges present themselves, posing seriousthreats to users and their data. Although several approaches have been proposedto address the specific security and privacy needs of targeted applicationswith functional parameters, there is still a need for a research study on theapplication, security and privacy challenges, and requirements ofBlockchain-based industrial applications, along with possible security threatsand countermeasures. This study presents a state-of-the-art survey ofBlockchain-based Industry 4.0 applications, focusing on crucial application andsecurity and privacy requirements, as well as corresponding attacks onBlockchain systems with potential countermeasures. We also analyse and providethe classification of different security and privacy techniques used in theseapplications to enhance the advancement of security features. Furthermore, wehighlight some open issues in industrial applications that help to designsecure Blockchain-based applications as future directions.

A Taxonomy Study on Securing Blockchain-based Industrial Applications:  An Overview, Application Perspectives, Requirements, Attacks,  Countermeasures, and Open Issues