Blockchain of Things

Smart appliances secured by blockchain-based protocols implemented to improve decentralization, security, and privacy gaps found within the systems of the Internet of Things. It could enable applications in supply chain management, smart homes, smart cities, energy, agriculture, and healthcare.
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Technology Life Cycle

Technology Life Cycle

Growth

Marked by a rapid increase in technology adoption and market expansion. Innovations are refined, production costs decrease, and the technology gains widespread acceptance and use.

Technology Readiness Level (TRL)

Technology Readiness Level (TRL)

Prototype Testing

Prototype is fully functional and ready for testing in industrially relevant environment.

Technology Diffusion

Technology Diffusion

Early Adopters

Embrace new technologies soon after Innovators. They often have significant influence within their social circles and help validate the practicality of innovations.

Blockchain of Things

Blockchain of Things (BoT) is a technology that combines the benefits of blockchain and the Internet of Things (IoT) to create secure and decentralized systems. BoT enables IoT devices to interact with each other and with blockchain networks, providing secure data transfer, identity verification, and transaction management.

BoT works by integrating IoT devices with blockchain technology, where each device is assigned a unique digital identity stored on the blockchain network. This identity is used to authenticate the device and enable secure communication with other devices on the network. BoT also uses smart contracts, which are self-executing contracts that automate the verification and execution of transactions between devices. Smart contracts enable secure and transparent transactions without the need for intermediaries, reducing the risk of fraud and increasing efficiency.

This solution solves several problems faced by traditional IoT systems, such as security, privacy, and scalability. By using blockchain technology, BoT provides a secure and decentralized platform that eliminates the need for a centralized authority, reducing the risk of data breaches and cyber-attacks. BoT also enables secure data transfer and identity verification, which helps protect user privacy. Additionally, BoT can help improve scalability by reducing the need for data processing and storage on centralized servers, which can become a bottleneck for traditional IoT systems.

Overall, the Blockchain of Things is a promising technology that can enhance the security and efficiency of IoT systems, enabling new use cases and applications in various industries, such as supply chain management, smart homes, smart cities, energy, agriculture and healthcare.

Future Perspectives

With smart contracts able to automate the verification of transactions, there is no need for consumers or brands to build trust relations, which in the end, could ideally lead us to a future characterized by decentralized autonomous corporations and organizations. In other words, DAOs could represent a more prominent presence throughout all industries by securing the connection between autonomous vehicles, smart appliances, supply chains, and even energy markets. The application of blockchain on the IoT could be the ultimate means to disseminate new methods to secure data transactions and storage at the same time as monopolies are put at risk.

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Sources
Advances in technology always had an impact on our lives. Several emerging technologies, most notably the Internet of Things (IoT) and blockchain, present transformative opportunities. The blockchain is a decentralized, transparent ledger for storing transaction data. By effectively establishing trust between nodes, it has the remarkable potential to design unique architectures for most enterprise applications. When it first appeared as a platform for anonymous cryptocurrency trading, such as Bitcoin, on a public network platform, blockchain piqued the interest of researchers. The chain is completed when each block connects to the previous block. The Internet of Things (IoT) is a network of networked devices that can exchange data and be managed and controlled via unique identifiers. Automation, wireless sensor networks, embedded systems, and control systems are just a few of the well-known technologies that power the IoT. Converging advancements in real-time analytics, machine learning, commodity sensors, and embedded systems demonstrate the rapid expansion of the IoT paradigm. The Internet of Things refers to the global networking of millions of networked smart gadgets that gather and exchange data. Integrating the IoT and blockchain technology would be a significant step toward developing a reliable, secure, and comprehensive method of storing data collected by smart devices. Internet-enabled devices in the IoT can send data to private blockchain networks, creating immutable records of all transaction history. As a result, these networks produce unchangeable logs of all transactions. This research looks at how blockchain technology and the Internet of Things interact to understand better how devices can communicate with one another. The blockchain-enabled Internet of Things architecture proposed in this article is a useful framework for integrating blockchain technology and the Internet of Things using the most cutting-edge tools and methods currently available. This article discusses the principles of blockchain-based IoT, consensus methods, reviews, difficulties, prospects, applications, trends, and communication between IoT nodes in an integrated framework.
How can blockchain solve IoT security and scalability challenges? Read more.
IoT enables devices across the internet to send data to private blockchain networks to create tamper-resistant records of shared transactions.
IBM Blockchain enables your organization to access and supply IoT data, through private blockchain ledgers, without the need for central control and management.
Blockchain technology is the missing link to settle scalability, privacy, and reliability concerns in the Internet-of-Things.
Blockchain has recently triggered extensive attention and concern due to the flourish of cryptocurrencies and decentralized applications. It can be considered as a database, and is utilized to store a large collection of time ordered data records in data intensive application scenarios. In such cases, search engines are put forward to access the data in a blockchain storage in order to perform analysis for different purposes. However, the research on blockchain search engine is still in its initial phase and there is no systematic study about this research area. This paper tries to analyze blockchain search engines from two aspects: its current research status and future prospect in Internet of Things (IoT) domain. In the research status aspect, the paper mainly focuses on the technique division and performance comparison of blockchain search engines from different angles. To elaborate the future prospect of blockchain search engine in IoT domain, the present search works related to IoT domains are also introduced. In the remaining parts of the paper, we outline the blockchain background. Then, the search fundamentals are introduced, including the classification principles and search requirements. After that, we present a detailed review on the state-of-the-art works for blockchain search and give some problem analysis on blockchain search in IoT domains. Finally, we outline the challenges of blockchain search and give the prospect of possible research directions in future in IoT domains.
With IoT back in the spotlight, it’s a good time to look at what impact blockchain has on the industry and what challenges there are to overcome.
Internet of Things (IoT) is reshaping the incumbent industry to smart industry featured with data-driven decision-making. However, intrinsic features of IoT result in a number of challenges such as decentralization, poor interoperability, privacy and security vulnerabilities. Blockchain technology brings the opportunities in addressing the challeng...
The paradigm of Internet-of-Things (IoT) is flooring the way of daily-life activities which are interconnected as well as interact with their environment in order to collect information and automate certain tasks. Therefore, the seamless authentication, data privacy, security, robustness against attacks, easy deployment, and self-maintenance among other things are the potential parameters of the systems which can be fetched by blockchain technology. This chapter systematically presents the adaption of blockchain technology to fulfil the specific demands of IoT in order to develop Blockchain-integrated IoT (BIoT) for medical applications/e-healthcare. With the discussion of basics of blockchain technology, the most relevant BIoT applications such as e-healthcare has been explored and its impact over traditional cloud-centred IoT applications is presented. Moreover, the present potential challenges and possible optimizations are detailed regarding several aspects that affect the design, development, and deployment of a BIoT application. Finally, the potential recommendations are numbered to guide the researchers/developers on the issues which will have to be commenced before deploying the next generation of BIoT applications.

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