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2021 | OriginalPaper | Chapter

The Amalgamation of Blockchain and IoT: A Survey

Author: Jignasha Dalal

Published in: Proceedings of Second International Conference on Computing, Communications, and Cyber-Security

Publisher: Springer Singapore

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Abstract

Blockchain, the form of Distributed Ledger Technology, is getting momentum. Data in the blockchain is in the form of transactions. Blockchains are transparent, immutable and auditable distributed ledgers with peer to peer connection, cryptography and consensus algorithm. All the parties involved have the same copy of data (transparency), data cannot be modified or deleted (immutability) and a full history of transactions is available (auditable). Based on history, future transactions are validated by all the parties (consensus). Internet of Things means connecting lightweight devices to share information among themselves and to enable some functionalities based on the shared information. This exchange of information among multiple devices must be secure as it contains sensitive and safety-critical data. Because of the scale and distributed nature of IoT, security and privacy are major concerns. Traditional security solutions are not suitable for IoT devices as they have limited resources in terms of memory and processing power. Blockchain can bridge the gap. The information exchange among these devices can be stored on the blockchain to increase transparency among the devices. This paper provides a review of literature in the area of IoT and blockchain.

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Metadata
Title
The Amalgamation of Blockchain and IoT: A Survey
Author
Jignasha Dalal
Copyright Year
2021
Publisher
Springer Singapore
DOI
https://doi.org/10.1007/978-981-16-0733-2_55