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arXiv:1805.02818cs.DC

Blockchain for the IoT: Opportunities and Challenges

Gowri Sankar Ramachandran, Bhaskar Krishnamachari

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Abstract

Blockchain technology has been transforming the financial industry and has created a new crypto-economy in the last decade. The foundational concepts such as decentralized trust and distributed ledger are promising for distributed, and large-scale Internet of Things (IoT) applications. However, the applications of Blockchain beyond cryptocurrencies in this domain are few and far between because of the lack of understanding and inherent architectural challenges. In this paper, we describe the opportunities for applications of blockchain for the IoT and examine the challenges involved in architecting Blockchain-based IoT applications.

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DOI
Subjects
cs.DCDistributed, Parallel, and Cluster Computing cs.CRCryptography and Security cs.CYComputers and Society

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