Abstract
The growing number of IoT devices brings challenges to the existing centralised computing system. The existing security protocols are unable to protect the security and privacy of the user data. The current IoT system rely on centralised model. The decentralised IoT system would not only reduce the infrastructure cost but provide standardised peer-to-peer communication model for the massive transactions. However, peer-to-peer communication model has a big challenge of security. The blockchain technology ensures transparent interactions between different parties in a more secure and trusted way using distributed ledger and proof-of-work (POW) consensus algorithm. Blockchain enables trustless, peer-to-peer communication and has already proven its worth in the world of financial services. The idea of blockchain can be implanted to IoT system to deal with the issue of scale, trustworthy and decentralisation, thereby allowing billions of devices to share the same network without the need for additional resources. However, the limited processing power, storage size and energy consumption of IoT device is a major point of concern for blockchain cryptographic functions. Moreover, efficiency, reliability, interoperability among blockchain still need to be addressed. This chapter presents basic concepts of blockchain and investigation about the feasibility of the blockchain in Internet of Things settings.
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Khan, M.A., Algarni, F., Quasim, M.T. (2020). Decentralised Internet of Things. In: Khan, M., Quasim, M., Algarni, F., Alharthi, A. (eds) Decentralised Internet of Things. Studies in Big Data, vol 71. Springer, Cham. https://doi.org/10.1007/978-3-030-38677-1_1
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