An IOTA Based Distributed Sensor Node System

Abstract

Internet of Things (IoT) is the current technological breakthrough, enabling computing and sensing devices embedded in everyday processes to seamlessly exchange data, thus shaping the smart-everything concept. Alongside IoT, blockchain is transforming Internet by enabling Trustless, Distributed and Secure exchange of everything of value. In this paper, we propose a distributed sensor node system that utilizes IOTA protocol, a novel distributed ledger technology, to exchange data in an M2M fashion and establish a data monetization economy paradigm.