Introduction to the application of service-based blockchain technology in internet of things application

Abstract

The Internet of Thing (IoT) is an innovative technology designed to integrate tangible artefacts with the digital era, resulting in the development of new digital services to improve and ease our lives. Despite the advantages of IoT technology in a variety of industries. The existing centralised IoT architecture has a number of issues, including single point of failure, stability, safety, accountability, and data integrity. Such issues are impeding the growth of IoT in the future. To address the a forementioned issues, distributed ledger technologies are regarded as promising and feasible solutions. The blockchain is one of the most prevalent and widely used forms of distributed ledger technology. The combination of IoT and blockchain technology has numerous advantages. The combination of IoT and blockchain technologies will provide numerous benefits. This article demonstrates the fundamentals of IoT and blockchain technology in order to provide a thorough analysis of the architecture of the combination of IoT and blockchain technology. In addition, this study provided a comprehensive description of the combination of the blockchain with the IoT platform from a variety of perspectives in order to address IoT's shortcoming. The service function of blockchain in IoT applications is demonstrated. Finally, the prospective applications of blockchain technology to IoT fields are discussed.