The Adoption of Blockchain Technology in IoT: An Insight View

Abstract

Internet of Things (IoT) growth is expected to reach phenomenal levels of diverse adoption and deployment amongst multiple industries. This ranges from financial, communication, transport, health and general consumer sectors. The expected burst of IoT deployment will introduce significant cyber security challenges, specifically in the area of configuration management. Blockchain technology is continuously evolving beyond the use as financial currency, and is proving to be a feasible solution for distributed record keeping and validation. The special characteristics of Blockchain technology introduces a new domain of IoT secure configuration and decentralized management, while taking into consideration the challenging constraints imposed by IoT devices efficient and low-power design. In this paper we try to identify an effective approach to manage and control security IoT device configurations by adopting a Blockchain technology.