A Review on the Importance of Blockchain and Its Current Applications in IoT Security

Abstract

In recent years, blockchain technology has attracted considerable attention. As blockchain is one of the revolutionary technologies that is impacting various industries in the market now with its unique features of decentralization, transparency, and incredible security. Blockchain technology can be used for anything which requires their transactions to be recorded in a secure manner. In this chapter, the authors survey the importance of the blockchain technology and the applications that are being developed on the basis of blockchain technology in area of IoT and security.