A Novel Survey on Blockchain for Internet of Things
Jay Kumar Jain, Varsha Jain · Advances in finance, accounting, and economics book series · 2019
Internet of things (IoT) is ready to change human life and release tremendous financial benefits. It may be that lack of information security and the belief of the current IoT are actually restricting its selection. Blockchain changes in an appropriated and secure record holds reliable records of information in various areas and possibly resolves information security concerns in the IoT system. This chapter presents a thorough review on the existing blockchain progress with an accent on IoT applications. The authors first give an overview of blockchain architecture including blockchain technologies and key characteristics of blockchain. The authors then discuss the blockchain for the internet of things including blockchain for IoT: technologies. Furthermore, they list some challenges and problems that will hinder blockchain development and summarize some existing approaches for solving these problems. Some possible future directions are also discussed. Future research bearings are ordered for a viable mix of blockchains in the IoT system.