The Impact of Blockchain Technology on the Smart City Industry
Vardan Surenovich Mkrttchian, Sergey Mikhailovich Vasin, Leyla Ayvarovna Gamidullaeva, Alexey Finogeev · 2021
In recent decades, the Smart City Industry has been actively developing around the world due to the economic benefits of the globalization of product design and development. Information exchange is an important characteristic of the global activities of the Smart City Industry. The Internet of Things (IoT) enhances information sharing for the Smart City manufacturing industry. Despite this success, the adoption of IoT applications to automate business processes faces many challenges due to security concerns. IoT technology helps collect real-time information about the Smart City Industry using tags and radio frequency identification (RFID) sensors. Blockchain technology with IoT can enable broader categories of business applications to improve integration and improve the efficiency of business transactions. This article provides an overview of blockchain integration with IoT technology, highlighting the advantages and disadvantages of integration. This article provides a classification of security threat models that are taken into account by blockchain protocols in IoT networks.