Blockchain of Things (BCoT): The Fusion of Blockchain and IoT Technologies
Blockchain of Things (BCoT): The Fusion of Blockchain and IoT Technologies. In: Advanced Applications of Blockchain Technology. Studies in Big Data, Vol. 60, Chapter 7, DOI: 10.1007/978-981-13-8775-3_7, Springer Nature. (2019)
32 Pages Posted: 4 Oct 2019
Date Written: 2019
Blockchain, as well as Internet of Things (IoT), is considered as two major disruptive emerging technologies. However, both of them suffer from innate technological limitations to some extent. IoT requires strengthening its security features while Blockchain inherently possesses them due to its extensive use of cryptographic mechanisms and Blockchain—in an inverted manner—needs contributions from the distributed nodes for its P2P (Peer-to-Peer) consensus model while IoT rudimentarily embodies them within its architecture. This chapter, therefore, acutely dissects the viability, along with prospective challenges, of incorporating Blockchain with IoT technologies—inducing the notion of Blockchain of Things (BCoT)—as well as the benefits such consolidation can offer.
Keywords: Blockchain, Blockchain of Things (BCoT), Internet of things (IoT), Wireless Sensor Network (WSN), Security
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