Towards a smarter IoT environment with Ethereum Virtual Machine enabling ledgers

Abstract

Distributed Ledger Technology (DLT), from the initial goal of moving digital assets, allows more advanced approaches as smart contracts executed on distributed computational enabling nodes such as Ethereum Virtual Machines (EVM) initially available only on the Ethereum ledger. Since the release of different EVM-based ledgers, the use cases to incentive the integration of smart contracts on other domains, such as IoT environments, increased. In this paper, we analyze the most IoT environment expedient quantitative metrics of various popular EVM-enabling ledgers to provide an overview of potential EVM-enabling characteristics.