Challenges of Integrating Blockchain with Internet of Things

Abstract

There is no doubt that Internet of Things (IoT) and blockchain technology will a major impact in the automated futuristic world. Even though the usage of IoT is increasing rapidly, it is riddled with scalability, security, privacy and integrity issues. Even though blockchain was initially created for managing cryptocurrencies, its decentralised nature, higher security, integrity and privacy has led to being integrated with IoT in order to improve it. There are multiple challenges arising from this integration which increases the complexities. It is necessary to study these challenges involved in this integration before carrying it out. Hence, this paper has carried out a systematic study of the various challenges involved in IoT individually and also the advantages and challenges of integrating it with the blockchain system.