DatChain -- Blockchain implementation in Data transfer for IoT Devices

Abstract

Currently, the IoT ecosystem is comprised of fully connected smart devices that exchange data to provide more automated, precise, and fast decisions. This idealised situation can only be accomplished if a system for data transactions is processed efficiently and security is ensured with high scalability and practicability. The integrity of data must be maintained during the exchange or transfer of data between entities. We propose to make a application called DatChain that responds to the above situation. The application stores data sensed by the Iot sensors in the backend after encrypting it and when the data is required for any purpose it can be exchanged using a suitable blockchain network that can keep up with the transfer rate even at high traffic in a secure environment.