Overview of the integration of blockchain and the Internet of Things:a study of current problems
Abstract
Overview of the integration of blockchain and the Internet of Things:a study of current problems
Incoming article date: 24.10.2023The integration of blockchain technology with the Internet of Things (IoT) offers transformative potential for various sectors. This article delves into 16 distinct methods of integrating blockchain with IoT, emphasizing that there isn't a one-size-fits-all solution. Each method has its unique advantages and potential drawbacks, necessitating careful consideration based on specific IoT system requirements. For instance, integrating with public blockchains like Bitcoin and Ethereum offers transparency and decentralization but faces scalability issues. Sidechains introduce flexibility but might pose security risks. Blockchain platforms like Hyperledger Fabric expedite development but can lead to vendor lock-in. The diversity of these methods underscores the importance of a well-thought-out approach tailored to the specific needs of the IoT system in question. As technology evolves, we anticipate more innovative approaches to emerge, emphasizing the continuous need for research, experimentation, and collaboration to fully harness the potential of IoT and blockchain integration.
Keywords: blockchain , IOT , BIoT, smart contracts, IoT security