2Scope and Challenges of IoT and Blockchain Integration
Sara Shree1, Monika Sharma1
1 AIIT Amity University, U.P., India
Email: sarashree379@gmail.com, msharma5@amity.edu
Abstract
The internet of things (IoT) is a somewhat new and booming technology that is somewhat automated in nature, which is extending itself day by day by various means and sources. It has a colossal ability to reach an intelligent level of connectivity by numerous means. The IoT has the ability to connect billions of devices and physical objects at once, which enhances the sharing of information on a digital basis. Although the IoT has unlimited advantages, it also comes with several issues due to its centralized system known as the server-client model. This chapter presents a significant study on integrating two major technologies: blockchain and the IoT. It discusses how blockchain can play a key role in solving several issues and how several domains and platforms of blockchain can act as an update provider to IoT services and its assets. It also focuses on the pros and cons of the integration of both the technology and the existing platforms based on the alliance of IoT and blockchain platforms like Ethereum, Hyperledger, Lisk, and Slock.it, which are explained along with their full funtionality.
Keywords: Internet of things, blockchain, automated technology, centralized systems, Ethereum, Hyperledger, Slock.it, integration of blockchain and iot
2.1 Introduction
As human society continues to advance ...
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