Secure Bitcoin Transaction and IoT Device usage in Decentralized Application

Abstract

In the recent years, there has been a boom in the number of connected devices due to developments in the field of Internet of things. This has also increased the requirements of security specification. The proposed method is introducing a secure information transmission system by using Blockchain technology. Blockchain is a relatively new technology which was introduced by stoshi nakamoto, which was also the basis for developing crypto currency [bitcoin]. Crypto currencies are made transparent and secure using their network architecture, which is a combo of a decentralized and distributed network. In this paper is try to exploit the same methodology used in crypto currencies to develope an IOT network, where the devices can talk to their peers in a secure manner. They explored all the different networks and features of developing a Decentralized application that is named as Dapp.