scholarly journals Blockchain-Enhanced Fair and Efficient Energy Trading in Industrial Internet of Things

2021 ◽  
Vol 2021 ◽  
pp. 1-13
Author(s):  
Jianwen Hu ◽  
Yuling Chen ◽  
Xiaojun Ren ◽  
Yixian Yang ◽  
Xiaobin Qian ◽  
...  
Keyword(s):  
Internet Of Things ◽  
Consensus Algorithm ◽  
Experimental Simulation ◽  
Industrial Internet Of Things ◽  
Identity Verification ◽  
Energy Trading ◽  
Blockchain Technology ◽  
Transaction Process ◽  
Industrial Internet ◽  
Trading Scheme

As the technical support of the industrial Internet of Things, blockchain technology has been widely used in energy trading, data transactions, and Internet of Vehicles. However, most of the existing energy trading models only address the transaction security and transaction privacy issues that arise in the energy trading process, ignoring the fairness of resource allocation and transaction equity in the trading process. In order to tackle those problems, an energy trading scheme called HO-TRAD is proposed in this paper to improve the efficiency of model trading while ensuring the fairness of energy trading. We propose a new trading strategy in the HO-TRAD energy trading scheme that guarantees fairness in the allocation of trading resources by introducing an entity’s active reputation value. Use smart contracts to achieve transparency and ensure fairness in the transaction process. Based on the identity verification foundation of the consortium chain, the scheme enhances the existing PBFT consensus algorithm and improves the efficiency of model transactions. The experimental simulation indicates that the scheme requires less transaction time and has higher transaction fairness and security.

Blockchain for Industrial Internet of Things (IIoT)

2021 ◽  
pp. 32-47
Author(s):  
Rinki Sharma
Keyword(s):  
Internet Of Things ◽  
Real Time ◽  
Manufacturing Process ◽  
Industrial Internet Of Things ◽  
Research Issues ◽  
Effective Implementation ◽  
Blockchain Technology ◽  
Industrial Internet ◽  
Manufacturing Applications ◽  
Decentralized Architecture

Over the years, the industrial and manufacturing applications have become highly connected and automated. The incorporation of interconnected smart sensors, actuators, instruments, and other devices helps in establishing higher reliability and efficiency in the industrial and manufacturing process. This has given rise to the industrial internet of things (IIoT). Since IIoT components are scattered all over the network, real-time authenticity of the IIoT activities becomes essential. Blockchain technology is being considered by the researchers as the decentralized architecture to securely process the IIoT transactions. However, there are challenges involved in effective implementation of blockchain in IIoT. This chapter presents the importance of blockchain in IIoT paradigm, its role in different IIoT applications, challenges involved, possible solutions to overcome the challenges and open research issues.

Blockchain-Enabled Secure Energy Trading With Verifiable Fairness in Industrial Internet of Things

2020 ◽  
Vol 16 (10) ◽  
pp. 6564-6574 ◽  
Author(s):  
Meng Li ◽  
Donghui Hu ◽  
Chhagan Lal ◽  
Mauro Conti ◽  
Zijian Zhang
Keyword(s):  
Internet Of Things ◽  
Industrial Internet Of Things ◽  
Energy Trading ◽  
Industrial Internet

scholarly journals BLOCKCHAIN TECHNOLOGY AND INDUSTRIAL INTERNET OF THINGS IN THE SUPPLY CHAINS

MEST Journal ◽  
2018 ◽  
Vol 6 (2) ◽  
pp. 39-47 ◽  
Author(s):  
Zoran Cekerevac ◽  
◽  
Lyudmila Prigoda ◽  
Jelena Maletic
Keyword(s):  
Internet Of Things ◽  
Supply Chains ◽  
Industrial Internet Of Things ◽  
Blockchain Technology ◽  
Industrial Internet

Blockchain and the Industrial Internet of Things

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nils Siegfried ◽  
Tobias Rosenthal ◽  
Alexander Benlian
Keyword(s):  
Internet Of Things ◽  
Industrial Internet Of Things ◽  
Content Type ◽  
Blockchain Technology ◽  
Distributed Ledger ◽  
Industrial Internet ◽  
Mapping Process ◽  
System Requirements ◽  
And Performance ◽  
Practical Implications

Purpose The purpose of this paper is to investigate the suitability of Blockchain technology for applications in the Industrial Internet of Things (IIOT). It provides a taxonomy of system requirements for such applications and maps these requirements against the Blockchain’s technological idiosyncrasies. Design/methodology/approach A requirement taxonomy is built in an iterative process based on a descriptive literature review. In total, 223 studies have been screened leading to a relevant sample of 48 publications that were analyzed in detail regarding posed system requirements. Subsequently, Blockchain’s capabilities are discussed for each requirement dimension. Findings The paper presents a taxonomy of six requirement dimensions. In the mapping process, areas of greater fit (e.g., reliability, nonrepudiation and adaptability) were identified. However, there are also several constraints (e.g., scalability, confidentiality and performance) that limit the use of Blockchain. Research limitations/implications Due to the limited amount of studies and the vibrant development of Blockchain technology, the results may benefit from practical evidence. Researchers are encouraged to validate the results in qualitative practitioner interviews. Focusing on literature-backed public Blockchain, idiosyncrasies of private implementations and specific distributed ledger technologies may be discussed in future studies. Practical implications The paper includes use cases for Blockchain in manufacturing and IIOT applications. Potential caveats for practitioners are presented. Originality/value This paper addresses the need to understand to which degree Blockchain is a suitable technology in manufacturing, especially in context of the IIOT. It contributes a requirement taxonomy which serves as the foundation for a systematic fit assessment.

scholarly journals A Blockchain-Based Secure Image Encryption Scheme for the Industrial Internet of Things

Entropy ◽  
2020 ◽  
Vol 22 (2) ◽  
pp. 175 ◽  
Author(s):  
Prince Waqas Khan ◽  
Yungcheol Byun
Keyword(s):  
Internet Of Things ◽  
Image Encryption ◽  
Image Data ◽  
Third Party ◽  
Industrial Internet Of Things ◽  
Sensitive Data ◽  
Privacy And Security ◽  
Smart Cameras ◽  
Blockchain Technology ◽  
Industrial Internet

Smart cameras and image sensors are widely used in industrial processes, from the designing to the quality checking of the final product. Images generated by these sensors are at continuous risk of disclosure and privacy breach in the industrial Internet of Things (IIoT). Traditional solutions to secure sensitive data fade in IIoT environments because of the involvement of third parties. Blockchain technology is the modern-day solution for trust issues and eliminating or minimizing the role of the third party. In the context of the IIoT, we propose a permissioned private blockchain-based solution to secure the image while encrypting it. In this scheme, the cryptographic pixel values of an image are stored on the blockchain, ensuring the privacy and security of the image data. Based on the number of pixels change rate (NPCR), the unified averaged changed intensity (UACI), and information entropy analysis, we evaluate the strength of proposed image encryption algorithm ciphers with respect to differential attacks. We obtained entropy values near to an ideal value of 8, which is considered to be safe from brute force attack. Encrypted results show that the proposed scheme is highly effective for data leakage prevention and security.

scholarly journals Consortium Blockchain for Secure Energy Trading in Industrial Internet of Things

2017 ◽  
pp. 1-1 ◽  
Author(s):  
Zhetao Li ◽  
Jiawen Kang ◽  
Rong Yu ◽  
Dongdong Ye ◽  
Qingyong Deng ◽  
...  
Keyword(s):  
Internet Of Things ◽  
Industrial Internet Of Things ◽  
Energy Trading ◽  
Industrial Internet
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