Skip to main content

Blockchain Meets Cybersecurity: Security, Privacy, Challenges, and Opportunity

  • Chapter
  • First Online:
Advanced Applications of Blockchain Technology

Part of the book series: Studies in Big Data ((SBD,volume 60))

Abstract

The interest in blockchain technology has grown over the years as a result of its prospect to transform business processes. The number of companies rushing to explore blockchain applications has grown rapidly due to its inherent robustness to cyberattack. This book chapter explores the use of blockchain technology in the Internet of Things (IoT) and the relationship between blockchain and cybersecurity technologies in the IoT ecosystem. We give an insight to security and privacy using blockchain and the substantial positive changes this technology will bring alongside its challenges.

P. Asuquo—Advanced Application of Blockchain Technology.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 149.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 199.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 199.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Liu, J.: Bitcoin literature: a co-word analysis. In: International Institute of Social and Economic Sciences, Proceedings of Economics and Finance Conferences 4206769, October 2016. https://ideas.repec.org/p/sek/iefpro/4206769.html

  2. Tanaka, M.S., Kajita, M., Nakayama, N., Nakamoto, S.: A method using circuit/substrate macro modeling to analyze substrate noise in a 3.2-GHz 350M-transistor microprocessor. In: CICC. IEEE, pp. 687–690 (2008)

    Google Scholar 

  3. Yaga, D., Mell, P., Roby, N., Scarfone, K.: Blockchain technology overview. National Institute of Standards and Technology, Gaithersburg, MD, Technical report, NIST IR 8202, October 2018. https://nvlpubs.nist.gov/nistpubs/ir/2018/NIST.IR.8202.pdf

  4. Advancing blockchain cybersecurity. https://www.microsoft.com/en-us/cybersecurity/content-hub/Advancing-blockchain-cybersecurity

  5. Mettler, M.: Blockchain technology in healthcare: the revolution starts here. In: IEEE 18th International Conference on e-Health Networking, Applications and Services (Healthcom), pp. 1–3, September 2016

    Google Scholar 

  6. He, Y., Li, H., Cheng, X., Liu, Y., Yang, C., Sun, L.: A blockchain based truthful incentive mechanism for distributed P2P applications. IEEE Access 6, 27324–27335 (2018)

    Article  Google Scholar 

  7. Yaji, S., Bangera, K., Neelima, B.: Privacy preserving in blockchain based on partial homomorphic encryption system for Ai applications. In: 2018 IEEE 25th International Conference on High Performance Computing Workshops (HiPCW), pp. 81–85, December 2018

    Google Scholar 

  8. Lei, A., Cruickshank, H., Cao, Y., Asuquo, P., Ogah, C.P.A., Sun, Z.: Blockchain-based dynamic key management for heterogeneous intelligent transportation systems. IEEE Internet Things J. 4(6), 1832–1843 (2017)

    Article  Google Scholar 

  9. Chaudhry, N., Yousaf, M.M.: Consensus algorithms in blockchain: comparative analysis, challenges and opportunities. In: 2018 12th International Conference on Open Source Systems and Technologies (ICOSST), pp. 54–63, December 2018

    Google Scholar 

  10. Towards an optimized blockchain for IoT. https://dl.acm.org/citation.cfm?id=3055003

  11. Karaarslan, E., Adiguzel, E.: Blockchain based DNS and PKI solutions. IEEE Commun. Stand. Mag. 2(3), 52–57 (2018)

    Article  Google Scholar 

  12. Raju, R., SaiVignesh, M., Prasad, K.I.A.: A study of current cryptocurrency systems. In: 2018 International Conference on Computation of Power, Energy, Information and Communication (ICCPEIC), pp. 203–209, March 2018

    Google Scholar 

  13. Patel, D., Bothra, J., Patel, V.: Blockchain exhumed. In: 2017 ISEA Asia Security and Privacy (ISEASP), pp. 1–12, January 2017

    Google Scholar 

  14. Dorri, A., Kanhere, S.S., Jurdak, R., Gauravaram, P.: Blockchain for IoT security and privacy: the case study of a smart home. In: 2017 IEEE International Conference on Pervasive Computing and Communications Workshops (PerCom Workshops), pp. 618–623, March 2017

    Google Scholar 

  15. Friese, I., Heuer, J., Kong, N.: Challenges from the identities of things: introduction of the identities of things discussion group within Kantara initiative. In: 2014 IEEE World Forum on Internet of Things (WF-IoT), pp. 1–4, March 2014

    Google Scholar 

  16. Khan, M.A., Salah, K.: IoT security: review, blockchain solutions, and open challenges. Futur. Gener. Comput. Syst. 82, 395–411 (May 2018). https://linkinghub.elsevier.com/retrieve/pii/S0167739X17315765

    Article  Google Scholar 

  17. Ouaddah, A., Elkalam, A.A., Ouahman, A.A.: Harnessing the power of blockchain technology to solve IoT security & privacy issues. In: Proceedings of the Second International Conference on Internet of Things, Data and Cloud Computing, Series ICC’17, pp. 7:1–7:10. ACM, New York, NY, USA (2017). http://doi.acm.org/10.1145/3018896.3018901

  18. Conoscenti, M., Vetro, A., De Martin, J.C.: Blockchain for the Internet of Things: a systematic literature review. In: 2016 IEEE/ACS 13th International Conference of Computer Systems and Applications (AICCSA), pp. 1–6, November 2016. IEEE, Agadir, Morocco (2016). http://ieeexplore.ieee.org/document/7945805/

  19. Zhang, Y., Kasahara, S., Shen, Y., Jiang, X., Wan, J.: Smart contract-based access control for the Internet of Things. arXiv:1802.04410[cs] (Feb 2018). http://arxiv.org/abs/1802.04410

  20. Zhu, Y., Qin, Y., Zhou, Z., Song, X., Liu, G., Chu, W.C.: Digital asset management with distributed permission over blockchain and attribute-based access control. In: 2018 IEEE International Conference on Services Computing (SCC), pp. 193–200, July 2018

    Google Scholar 

  21. Reyna, A., Martn, C., Chen, J., Soler, E., Daz, M.: On blockchain and its integration with IoT. Challenges and opportunities. Futur. Gener. Comput. Syst. 88, 173–190 (2018). http://www.sciencedirect.com/science/article/pii/S0167739X17329205

    Article  Google Scholar 

  22. Casado-Vara, R., de la Prieta, F., Prieto, J., Corchado, J.M.: Blockchain framework for IoT data quality via edge computing. In: Proceedings of the 1st Workshop on Blockchain-enabled Networked Sensor Systems, Series BlockSys’18, pp. 19–24. ACM, New York, NY, USA (2018). http://doi.org/10.1145/3282278.3282282

  23. Esposito, C., De Santis, A., Tortora, G., Chang, H., Choo, K.R.: Blockchain: a panacea for healthcare cloud-based data security and privacy? IEEE Cloud Comput. 5(1), 31–37 (2018)

    Article  Google Scholar 

  24. Mirzayi, S., Mehrzad, M.: Bitcoin, an SWOT analysis. In: 2017 7th International Conference on Computer and Knowledge Engineering (ICCKE), pp. 205–210, October 2017

    Google Scholar 

  25. Wang, S., Ouyang, L., Yuan, Y., Ni, X., Han, X., Wang, F.: Blockchain-enabled smart contracts: architecture, applications, and future trends. IEEE Trans. Syst. Man Cybern. Syst. 1–12 (2019)

    Google Scholar 

  26. Sankar, L.S., Sindhu, M., Sethumadhavan, M.: Survey of consensus protocols on blockchain applications. In: 2017 4th International Conference on Advanced Computing and Communication Systems (ICACCS), pp. 1–5, January 2017

    Google Scholar 

  27. Tenorio-Forns, A., Hassan, S., Pavn, J.: Open peer-to-peer systems over blockchain and IPFS: an agent oriented framework. In: Proceedings of the 1st Workshop on Cryptocurrencies and Blockchains for Distributed Systems, CryBlock’18, pp. 19–24. ACM Press, Munich, Germany (2018). http://dl.acm.org/citation.cfm?doid=3211933.3211937

  28. Burkhardt, D., Werling, M., Lasi, H.: Distributed ledger. In: 2018 IEEE International Conference on Engineering, Technology and Innovation (ICE/ITMC), pp. 1–9, June 2018

    Google Scholar 

  29. Dong, Y., Kim, W., Boutaba, R.: Bitforest: a portable and efficient blockchain-based naming system. In: 2018 14th International Conference on Network and Service Management (CNSM), pp. 226–232, November 2018

    Google Scholar 

  30. Guo, Y., Qi, Z., Xian, X., Wu, H., Yang, Z., Zhang, J., Wenyin, L.: Wischain: an online insurance system based on blockchain and DengLu1 for web identity security. In: 2018 1st IEEE International Conference on Hot Information-Centric Networking (HotICN), pp. 242–243, August 2018

    Google Scholar 

  31. Alkurdi, F., Elgendi, I., Munasinghe, K.S., Sharma, D., Jamalipour, A.: Blockchain in IoT security: a survey. In: 2018 28th International Telecommunication Networks and Applications Conference (ITNAC), pp. 1–4, November 2018

    Google Scholar 

  32. Orman, H.: Blockchain: the emperors new PKI? IEEE Internet Comput. 22(2), 23–28 (2018)

    Article  Google Scholar 

  33. Christidis, K., Devetsikiotis, M.: Blockchains and smart contracts for the Internet of Things. IEEE Access 4, 2292–2303 (2016)

    Article  Google Scholar 

  34. Otte, P., de Vos, M., Pouwelse, J.: TrustChain: a sybil-resistant scalable blockchain. Futur. Gener. Comput. Syst. (Sept 2017). http://www.sciencedirect.com/science/article/pii/S0167739X17318988

  35. Fu, J., Liu, Y., Chao, H., Bhargava, B.K., Zhang, Z.: Secure data storage and searching for industrial IoT by integrating fog computing and cloud computing. IEEE Trans. Industr. Inf. 14(10), 4519–4528 (2018)

    Article  Google Scholar 

  36. Zhang, Y., Wen, J.: An IoT electric business model based on the protocol of bitcoin. In: 2015 18th International Conference on Intelligence in Next Generation Networks, pp. 184–191, February 2015

    Google Scholar 

  37. Wörner, D., von Bomhard, T.: When your sensor earns money: exchanging data for cash with bitcoin. In: Proceedings of the 2014 ACM International Joint Conference on Pervasive and Ubiquitous Computing: Adjunct Publication, Series UbiComp’14 Adjunct, pp. 295–298. ACM, New York, NY, USA; event-place, Seattle, Washington (2014). http://doi.acm.org/10.1145/2638728.2638786

  38. Skwarek, V.: Blockchains as security-enabler for industrial IoT-applications. Asia Pac. J. Innov. Entrep. 11(3), 301–311 (2017). https://doi.org/10.1108/APJIE-12-2017-035

    Article  Google Scholar 

  39. Hummen, R., Hiller, J., Wirtz, H., Henze, M., Shafagh, H., Wehrle, K.: 6LoWPAN fragmentation attacks and mitigation mechanisms. In: Proceedings of the Sixth ACM Conference on Security and Privacy in Wireless and Mobile Networks, Series WiSec’13, pp. 55–66. ACM, New York, NY, USA; event-place: Budapest, Hungary (2013). http://doi.acm.org/10.1145/2462096.2462107

  40. Mukhopadhyay, U., Skjellum, A., Hambolu, O., Oakley, J., Yu, L., Brooks, R.: A brief survey of cryptocurrency systems. In: 2016 14th Annual Conference on Privacy, Security and Trust (PST), pp. 745–752, December 2016

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Philip Asuquo .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2020 Springer Nature Singapore Pte Ltd.

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Asuquo, P., Ogah, C., Hathal, W., Bao, S. (2020). Blockchain Meets Cybersecurity: Security, Privacy, Challenges, and Opportunity. In: Kim, S., Deka, G. (eds) Advanced Applications of Blockchain Technology. Studies in Big Data, vol 60. Springer, Singapore. https://doi.org/10.1007/978-981-13-8775-3_5

Download citation

Publish with us

Policies and ethics