Study on Blockchain-Integrated IoT: Reorientation With Amalgamation of Heterogenic Devices

Study on Blockchain-Integrated IoT: Reorientation With Amalgamation of Heterogenic Devices

Moumita Sarkar, Sandip Roy, Rajesh Bose
Copyright: © 2023 |Pages: 37
DOI: 10.4018/978-1-6684-9919-1.ch017
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Abstract

The continuous development of interconnected devices is reconstructing livelihood and with the emergence of advanced technology yields growth in the usage of IoT devices. Though it is revolutionary and brings convenience, it faces different security challenges. The transition from traditional to smart in varieties of sectors makes the use of IoT technologies to become an integral part of lives which obviously requires a protection shield that can be offered by Blockchain. Blockchain's protected decentralization overcomes different hazards the IoT structure is facing. In this chapter, the authors have represented a detailed study on IoT, its layer and applications, a comparative analysis of different security threats, how an association with blockchain would mitigate different shortcomings of present IoT architecture, and the issues that exist in Blockchain-associated IoT.
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Need For Iot In The Current Market

IoT is a driving force in today's connected world, offering businesses and consumers opportunities for growth, efficiency, and innovation. Addressing key areas in the market is essential.

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    Enhanced Connectivity: IoT enables seamless communication between devices, systems, and users, facilitating real-time data exchange and analysis.

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    Smart Automation: IoT drives efficiency and cost reduction through intelligent device integration and process automation.

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    Data-Driven Insights: IoT generates valuable data for informed decision-making and innovation.

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    Industry Transformation: IoT revolutionizes healthcare, manufacturing, agriculture, and transportation with remote monitoring and predictive maintenance.

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    Improved Quality of Life: IoT innovations enhance daily living through smart homes, wearables, and health monitoring, promoting convenience and safety.

The Internet of Things (IoT) is the arrangement of interconnected devices and sensing devices built into our daily lives. In 2005, the ITU officially recognized the IoT concept. McEwen et al. (2013) proposed an equation that describes vital components of the IoT:

IoT = Physical Object + Controller, Sensor, and Actuators + Internet (as shown in Figure 1).

Figure 1.

Constituents of the Internet of Things

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The definition of IoT has been changed to the following equation by Atzori et al. (2017).

IoT = Sensors + Data + Services + Networks (as shown in Figure 2).

Figure 2.

Modified constituents of the Internet of Things

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Earth is adapting to the rapidly embryonic technologies along with the interconnection of different heterogeneous devices and technologies, which is pushing us continuously toward the use of IoT. Figure 3 shows the advantages of IoT.

Figure 3.

Advantages of IoT

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