IoT and Blockchain: Challenges and Risks
Ahmed Banafa · River Publishers eBooks · 2022
The Internet of Things (IoT) is an ecosystem of ever-increasing complexity; it is the next wave of innovation that will humanize every object in our life, and it is the next level of automation for every object the people use. To understand the scale of interest in the Internet of Things (IoT), just check how many conferences, articles and studies have been conducted about IoT recently. The operators of a private Blockchain may choose to unilaterally deploy changes with which some users disagree. To ensure both the security and the utility of a private Blockchain system, operators must consider the recourse available to users who disagree with changes to the system&s;s rules or are slow to adopt the new rules. However, developers who work to maintain public Blockchain systems like bitcoin still rely on individual users to adopt any changes they propose, which serves to ensure that changes are only adopted if they are in interest of the entire system.