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Intersections between IoT and distributed ledger

Intersections between IoT and distributed ledger
Intersections between IoT and distributed ledger

The Internet of Things (IoT) is growing exponentially. It allows not only humans but also all various devices and objects in the environment to be connected over the Internet to share their data to create new applications and services which result in a more convenient and connected lifestyle. However, the current centralized IoT architecture faces several issues. For instance, all computing operations of all nodes in the network are carried out using a single server. This creates a single point of failure in which if the server goes down, the entire system will be unavailable. Also, the IoT centralized architecture is an easy target of various types of security and privacy attacks, since all IoT data collected from different devices is under the full authority of a single server. Therefore, adopting one of the Distributed Ledger Technologies (DLTs) for the IoT may be the right decision. One of the popular types of DLTs is the blockchain. It provides an immutable ledger with the capability of maintaining the integrity of transactions by decentralizing the ledger among participating nodes in the blockchain network which eliminates the need for a central authority. Integrating the IoT system with the blockchain technology can provide several benefits which can resolve the issues associated with the IoT centralized architecture. Therefore, this chapter provides a discussion of the intersection between IoT and DLTs. It started by providing an overview of the DLT by highlighting its main components, benefits and challenges. The centralized IoT system is also discussed with highlighting its essential limitations. Then, the integration of blockchain with IoT is presented by highlighting the integration benefits. Various application and challenges of integrating blockchain with IoT are also discussed.

Blockchain, Blockchain with IoT, Distributed ledger, DLT, Internet of things
0065-2458
1-41
Atlam, Hany F.
addb33f5-5f65-4523-a6b8-328d9677c5d2
Wills, Gary B.
3a594558-6921-4e82-8098-38cd8d4e8aa0
Atlam, Hany F.
addb33f5-5f65-4523-a6b8-328d9677c5d2
Wills, Gary B.
3a594558-6921-4e82-8098-38cd8d4e8aa0

Atlam, Hany F. and Wills, Gary B. (2019) Intersections between IoT and distributed ledger. Advances in Computers, 1-41. (doi:10.1016/bs.adcom.2018.12.001).

Record type: Article

Abstract

The Internet of Things (IoT) is growing exponentially. It allows not only humans but also all various devices and objects in the environment to be connected over the Internet to share their data to create new applications and services which result in a more convenient and connected lifestyle. However, the current centralized IoT architecture faces several issues. For instance, all computing operations of all nodes in the network are carried out using a single server. This creates a single point of failure in which if the server goes down, the entire system will be unavailable. Also, the IoT centralized architecture is an easy target of various types of security and privacy attacks, since all IoT data collected from different devices is under the full authority of a single server. Therefore, adopting one of the Distributed Ledger Technologies (DLTs) for the IoT may be the right decision. One of the popular types of DLTs is the blockchain. It provides an immutable ledger with the capability of maintaining the integrity of transactions by decentralizing the ledger among participating nodes in the blockchain network which eliminates the need for a central authority. Integrating the IoT system with the blockchain technology can provide several benefits which can resolve the issues associated with the IoT centralized architecture. Therefore, this chapter provides a discussion of the intersection between IoT and DLTs. It started by providing an overview of the DLT by highlighting its main components, benefits and challenges. The centralized IoT system is also discussed with highlighting its essential limitations. Then, the integration of blockchain with IoT is presented by highlighting the integration benefits. Various application and challenges of integrating blockchain with IoT are also discussed.

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e-pub ahead of print date: 14 January 2019
Keywords: Blockchain, Blockchain with IoT, Distributed ledger, DLT, Internet of things

Identifiers

Local EPrints ID: 427947
URI: https://eprints.soton.ac.uk/id/eprint/427947
ISSN: 0065-2458
PURE UUID: d0d03d06-c217-4876-8751-175f8629a596
ORCID for Hany F. Atlam: ORCID iD orcid.org/0000-0003-4142-6377
ORCID for Gary B. Wills: ORCID iD orcid.org/0000-0001-5771-4088

Catalogue record

Date deposited: 05 Feb 2019 17:30
Last modified: 14 Mar 2019 01:51

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