Enhancement of Data Transfer Rate by Blockchain based Transmission for Internet of Things
Mithilesh Kumar Yadav, Bhargavi Gaurav Deshpande · 2023
The emergence of the Internet of Things (IoT) brings great opportunities to both society and the economy. Among various emerging technologies, blockchain has great potential in ensuring the reliability and security of the transmission of IoT data. The distributed ledger technology on which blockchain is founded can protect against data prone to tampering, counterfeiting, and manipulation, ultimately increasing customer confidence and trust in the information they rely upon. Blockchain based transmission systems can enable secure, near-real-time, and distributed data exchange between different types of nodes. This will allow for a safer exchange of coins and tokens, enable decentralized access control, improve traceability and transparency, enable the monetization of data and services, and create a single source of truth for IoT devices. By deploying a blockchain to discern itself from other devices and initiate trust relationships, bring the blockchain to IoT devices and specific use cases will enable a seamless end-to-end experience to the user. Additionally, the scalability of blockchain technology for the large-scale deployment of devices and services, like automated parking systems and smart cities, is another advantage that can help create a decentralized alternative to commonly used centralized systems. In this way, blockchain-enabled IoT systems are able to offer enhanced security and trust measures, improve transaction latency, ensure privacy, and reduce costs.