Blockchain Design for Trusted Decentralized IoT Networks

Abstract

The use of Blockchain in the Internet of Things (IoT) promises to provide an avenue of decentralized, fault-resistant management and data immutability. The wide range of research on blockchain, focused on how to improve upon its drawbacks of latency and resource consumption, demonstrates that the blockchain design has flexibility. Almost every aspect of blockchain can be tailored to fit the requirements of a desired application. However, the wide range of options in configuring blockchains presents challenges in the adoption of blockchains to secure IoT. In this paper, we present the opportunities and challenges of implementing blockchains and present a use case of integrating blockchain into an IoT framework for securing sensor data acquisition.