An Investigation into the Usability of Blockchain Technology in Internet of Things

Author(s):  
Sandeep Kumar Panda ◽  
D. Chandrasekhar Rao ◽  
Suresh Chandra Satapathy
Author(s):  
Shreya Joshi ◽  
Ms Bhavyaa ◽  
Suhani Gupta ◽  
Lalita Luthra

Blockchain is considered to be a disruptive core technology. Although many researchers have realized the importance of blockchain, but the research of it is still emerging. It is the record-keeping technology behind bitcoin and is one of the hottest and fastest growing skills in the IT sector today. It serves as an immutable ledger which allows transactions to take place in a decentralized man Blockchain-based applications are rising up, covering numerous fields including finance, healthcare, product management, Internet of Things (IoT), and many more. However, there are still some challenges of blockchain technology such as scalability and security problems which need to be overcome. This paper comprises of a comprehensive study of Blockchain technology. We have included here a deep dive into how blockchains work, its architecture, consensus and various applications. Furthermore, technical challenges are briefly listed.


2018 ◽  
Vol 35 (2) ◽  
pp. 40-47
Author(s):  
S. M. Doguchaeva

The era of digital transformation provides the opportunity for leading companies to change priorities - to begin to take care of the support environment using innovative technologies and become a leading creative platform open for innovation. The successful development of the digital world, the blockchain technology, the Internet of things – the mechanism which will change the financial world. 


2021 ◽  
Vol 03 (01) ◽  
pp. 33-41
Author(s):  
Vittorio Astarita ◽  
Vincenzo Pasquale Giofrè ◽  
Giuseppe Guido ◽  
Alessandro Vitale

This paper intends to explore the convergence of some technological innovations that could lead to new cooperative Intelligent Transportation Systems (ITS). The technologies that might soon converge and lead to some new developments are: the Blockchain Technology (BT) concept, Internet of Things (IoT) and Connected and Automated Vehicles (CAV). Advantages and disadvantages of the new concepts founding a new ITS system are discussed in this conceptual paper. Blockchain technology has been recently introduced and many research ideas have been presented for application in the transportation sector. In this paper, we discuss a system that is based on a dedicated blockchain, able to involve both drivers and city administrations in the adoption of promising and innovative technologies that will create cooperation among connected vehicles. The proposed blockchain-based system can allow city administrators to reward drivers when they are willing to share travel data. The system manages in a special way the creation of rewards which are assigned to drivers and institutions participating actively in the system. Moreover, the system allows keeping a complete track of all transactions and interactions between drivers and city management on a completely open and shared platform. The main idea is to combine connected vehicles with BT to promote Cooperative ITS use, a better use of infrastructures and a more sustainable eco-system of cryptocurrencies. A short description of BT is introduced to evidence energy problems of sustainability in the implementation of Proof of Work (PoW) that is adopted by many blockchains.


Webology ◽  
2021 ◽  
Vol 18 (Special Issue 04) ◽  
pp. 453-465
Author(s):  
Nguyen Dinh Trung ◽  
Dinh Tran Ngoc Huy ◽  
Le Thi Thanh Huong ◽  
Ta Van Thanh ◽  
Nguyen Thi Phuong Thanh ◽  
...  

Once again in this study, we emphasizes strongly on applications of mathematical solutions for industrial uses. By using qualitative analysis, synthesis and inductive methods, together with statistic data, our paper target is to analyze aspects of SWOT analysis on blockchain technology and its opportunities for various industries and sectors in emerging markets such as Vietnam. This is based on the original foundation theory indicating that blockchain tech functioned as a mathematical solutions that can be applied for solving commerce secrets, with high data security and can be used for intellectual property. Among our research results is findings on the connection between IoTs - Internet of Things and blockchain tech, as well as relationship between AI - Artificial intelligence and blockchain tech. Last but not least authors propose cybersecurity risk solutions and there are policies implications attached.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ravinder Kumar ◽  
Rahul Sindhwani ◽  
Punj Lata Singh

Purpose The purpose of this methodology is to categorise the challenges into cause and effect group. The modern scenario of customization, personalization and multi-restrictive working because of pandemics has affected the operations of manufacturing small and medium enterprises (SMEs). In the new normal, the digitalization of manufacturing SMEs can be the path breaker. Modern digitalization includes a mix of technologies such as the industrial internet of things (IIoT), the internet of things, cyber-physical system and big data analytics. This digitalization can help in achieving new design changes, efficient production scheduling, smart manufacturing and unrestricted on-time delivery of quality products. This research paper aims to recognize and analyze the challenges faced while implementing IIoT technologies in manufacturing SMEs and tries to find the possibility of mitigating challenges by blockchain technology. Design/methodology/approach There were ten challenges of IIoT implementation identified from the literature review and experts’ opinions. To collect information from Indian manufacturing SMEs, a survey tool was formed in the form of a questionnaire. On the fundament of responses received from industrial experts, the Decision-Making Trial and Evaluation Laboratory (DEMATEL) technique has been used for categorizing these challenges into cause and effect groups. Further, the authors tried to mitigate observed challenges with the help of blockchain technology. Findings With the implementation of IIoT technologies, the manufacturing processes become conciliatory, effective and traceable in real time. Observation of the current study states that the top effect group challenges such as the security of data and reliability of technologies can be mitigated by enabling blockchain technologies. The authors conclude that blockchain-enabled IIoT technologies will be highly beneficial for the Indian SMEs strategically and practically in the current scenario. Research limitations/implications Methodology of DEMATEL focuses on responses received from experts. The broader approach of survey from manufacturing organizations is compromised due to small sample size in this methodology. Experts approached for survey were from manufacturing SMEs of Delhi National Capital Region only. Broader survey-based techniques may be applied covering different sectors of SMEs in future work. Practical implications Technologies such as blockchain can facilitate advanced security in the application of IIoT and other such practices. While dealing with significant issues and challenges of new technologies, blockchain gives an edge of balance in the current scenario. Its properties of fixity, temper evident and circumvent fraud make this technology ideal for the digitalization of the manufacturing systems in SMEs. Originality/value Digitalization of manufacturing facilities is the need of the hour. Pandemic challenges have highlighted the urgency of it. This research will motivate and guide the manufacturing SMEs in planning strategies and long-term policies in implementing modern technologies and coping up with the pandemic challenges.


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