Blockchain for Internet of Things: A Survey

Blockchain for Internet of Things: A Survey

7 Feb 2020 | Hong-Ning Dai, Senior Member, IEEE, Zibin Zheng, Senior Member, IEEE, Yan Zhang, Senior Member, IEEE
This paper presents a comprehensive survey on the integration of blockchain technology with the Internet of Things (IoT), referred to as Blockchain of Things (BCoT). IoT is transforming traditional industries into smart industries through data-driven decision-making, but faces challenges such as decentralization, poor interoperability, privacy, and security vulnerabilities. Blockchain technology offers opportunities to address these challenges by providing decentralized validation, immutability, and enhanced security. BCoT combines blockchain and IoT to improve interoperability, traceability, reliability, and autonomic interactions. The paper discusses the architecture of BCoT, its potential applications in 5G beyond networks, and open research directions. It also compares BCoT with existing surveys, highlighting the lack of general architecture and research on 5G beyond networks in IoT. The paper outlines the key characteristics of blockchain, including decentralization, immutability, non-repudiation, transparency, and pseudonymity. It also discusses smart contracts, their life cycle, and the taxonomy of blockchain systems. The paper concludes that BCoT has significant potential to enhance IoT systems, but further research is needed to address challenges such as scalability, resource constraints, and security.This paper presents a comprehensive survey on the integration of blockchain technology with the Internet of Things (IoT), referred to as Blockchain of Things (BCoT). IoT is transforming traditional industries into smart industries through data-driven decision-making, but faces challenges such as decentralization, poor interoperability, privacy, and security vulnerabilities. Blockchain technology offers opportunities to address these challenges by providing decentralized validation, immutability, and enhanced security. BCoT combines blockchain and IoT to improve interoperability, traceability, reliability, and autonomic interactions. The paper discusses the architecture of BCoT, its potential applications in 5G beyond networks, and open research directions. It also compares BCoT with existing surveys, highlighting the lack of general architecture and research on 5G beyond networks in IoT. The paper outlines the key characteristics of blockchain, including decentralization, immutability, non-repudiation, transparency, and pseudonymity. It also discusses smart contracts, their life cycle, and the taxonomy of blockchain systems. The paper concludes that BCoT has significant potential to enhance IoT systems, but further research is needed to address challenges such as scalability, resource constraints, and security.
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