Implementing a Data Communication Security Tokens Management System Using COSMOS, an Energy Efficient Proof-of-Stake Blockchain Framework

Abstract

This paper proposes an energy efficient approach for securing inter-connecting IOT devices with servers. A scheme using blockchain and a second network for security management was previously described [1]. To overcome the drawbacks and shortcomings of using traditional smart contract with Ethereum, a new approach is proposed. The proposed approach ensures that the overall IoT network is “hardened” against attack using a framework which is environmentally sustainable and meets the stringent requirements of mission critical applications. This new approach also results in shorter latency, higher throughput and consuming less power, thus suitable for edge computing environment in mobile.