Optimization of Consensus Mechanism for IoT Blockchain

Abstract

The essence of blockchain is a decentralized distributed ledger system; the IoT is formed by accessing and interconnecting a large number of heterogeneous terminals and has a natural distributed feature. Therefore, the combination of the two IoT blockchains is widely optimistic. At the same time, due to the heterogeneity of IoT sensing terminals, limited computing storage, and data transmission capabilities, the IoT blockchain is facing greater challenges, among which cryptographic consensus technology has become a key issue. In this chapter, based on the summary of the current blockchain consensus algorithm, applicability to the IoT-blockchain has been analyzed, the application status of several major IoT-blockchain platforms and consensus mechanisms have been introduced, and also the IoT-blockchain research progress on optimization of consensus mechanism has been expounded. Looking forward to the optimization techniques of the IoT blockchain, potential research directions have been summarized.