kumoh national institute of technology
Networked Systems Lab.

NSL Seminar

NSL > Education> NSL Seminar
Blockchains and Smart Contracts for the Internet of Things
By :
Date : 2019-01-31
Views : 38

Motivated by the recent explosion of interest around blockchains, we examine whether they make a good t for the Internet of Things (IoT) sector. Blockchains allow us to have a distributed peer-to-peer network where non-trusting members can interact with each other without a trusted intermediary, in a verifiable manner. We review how this mechanism works and also look into smart contractsscripts that reside on the blockchain that allow for the automation of multi-step processes. We then move into the IoT domain, and describe how a blockchain-IoT combination: 1) facilitates the sharing of services and resources leading to the creation of a marketplace of services between devices and 2) allows us to automate in a cryptographically verifiable manner several existing, time-consuming workflows. We also point out certain issues that should be considered before the deployment of a blockchain network in an IoT setting: from transactional privacy to the expected value of the digitized assets traded on the network. Wherever applicable, we identify solutions and workarounds. Our conclusion is that the blockchain-IoT combination is powerful and can cause significant transformations across several industries, paving the way for new business models and novel, distributed applications.
Attachments
Attachment 1:   ÷ Blockchains and Smart Contracts.pdf(1.2MB)  
 
Only registered members can view this page.
(Total:673 articles / page:1/68 )
List
No. Subject By Date Views
673  Self-Deployment of Mobile Sensors to Achieve Target Co..  Nwadiugwu Williams P 2019-04-19 0
672  Fog Computing for 5G Tactile Industrial Internet of Th..  Muhammad Rusyadi 2019-04-19 2
671  Performance Analysis of CSMA/CA and PCA for Time Criti.. 2019-04-12 19
670  A Hybrid Computing Solution and Resource Scheduling St.. Esmot Ara Tuli 2019-04-11 8
669  A Survey of Machine Learning Techniques Applied to Sof.. Aouto, Ali 2019-04-05 3
668  LASeR: Lightweight Authentication and Secured Routing .. Rubina Akter 2019-04-05 18
667  A Grid Cumulative Probability Localization-Based Indus.. Philip TD 2019-03-29 12
666  Radio Resource Allocation for Achieving Ultra-Low Late.. MD SAJJAD HOSSAIN 2019-03-29 8
665  Faulty Node Detection in Distributed Systems Using BCH.. Alifia Putri Anantha 2019-03-22 23
664  SWIPT-Enabled Relaying in IoT Networks Operating With .. 2019-03-22 19
Search