A Comprehensive Review on Blockchain-Based Internet of Things (BIoT)

Abstract

The internet of things (IoT) represents rapid development in research and industry that enables both virtual and physical objects to be linked and transfers information in order to produce various services that enhance our excellence of life. Traditional security and privacy methods are not applicable for IoT, mostly due to their topological constraints and versatility of IoT devices. Blockchain technology has started to fascinate younger generations because it works especially well in the digital world. Blockchain is suitable for internet of things applications. Advancements in IoT have propelled distributed systems. The blockchain concept demands a method for exchanging and storing data that is managed by a decentralized network. The rise of IoT applications is hindered by these obstacles. One option to fix these problems is to use a distributed ledger technology using blockchain technology. This chapter gives a comprehensive overview of blockchain's strengths and weaknesses with its applications.