The Blockchain of Things, Beyond Bitcoin: A Systematic Review

Abadi, Fthi; Ellul, Joshua; Azzopardi, George

doi:10.1109/cybermatics_2018.2018.00278

Cited by 23 publications

(9 citation statements)

References 48 publications

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“…Block, chain and network are the three core parts of a blockchain. It stores transactions in a chain of blocks while using cryptographic mechanisms [47]. Except for the first block, each block in a blockchain point to its immediately previous block (parent block) using the inverse reference of the parent block (hash value of the parent block) [48].…”

Section: A Blockchain Summarymentioning

confidence: 99%

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Survey on Blockchain-Based IoT Payment and Marketplaces

2022

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The ever-growing smart applications will expand the Internet of Things (IoT) ecosystem to connect over 75 billion devices by 2025. IoT ecosystems comprise sensors that act as data suppliers and applications where monetary transactions are required to compensate the data producers. This signifies the importance of IoT payments and marketplaces to facilitate micro-transactions of billions of connected devices in the IoT ecosystem, which is heterogeneous, decentralized, and diverse. However, realizing such an ecosystem raises multiple challenges such as overcoming poor inter-operability, resource constraints, and security and privacy vulnerabilities of IoT devices and platforms. Blockchain is a Distributed Ledger Technology (DLT) that can be identified as a potential solution to overcome the challenges in realizing IoT payments and marketplaces. This is due to the characteristics of blockchain such as decentralization, traceability, immutability, and non-repudiation. This paper presents a comprehensive survey on blockchainbased IoT payments and marketplaces. This paper provides a brief introduction to the concepts of IoT payments and IoT marketplaces. Then the technical challenges involved in realizing IoT payment and marketplaces are discussed by highlighting the blockchain-based solutions. Furthermore, blockchain-based smart applications which use IoT marketplace and IoT payment concepts are presented marking the role of blockchain in each of the application. Subsequently, the paper discussed the integration challenges while also highlighting possible solutions. It is envisaged that this paper would shed light on the development of blockchain-based solutions to realize IoT payments and marketplaces.

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Section: A Blockchain Summarymentioning

confidence: 99%

“…Once, a smart contract is executed and stored in a blockchain, it is immutable and cannot be modified [22]. Smart contract solutions are used in various IoT applications such as healthcare, manufacturing, and finance [47].…”

Section: B Smart Contractmentioning

confidence: 99%

Survey on Blockchain-Based IoT Payment and Marketplaces

2022

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“…Dynamic integration of nodes allows to adapt to network configurations Enables changing compositions in flexible manufacturing systems Other environmental changes have to be anticipated via Smart Contracts (Risius and Spohrer, 2017), which also posed the question of Blockchain's applicability in the context of IOT (Beck et al, 2017;Risius and Spohrer, 2017). In addition to existing general reviews on the combination of IOT and Blockchain (Abadi et al, 2018;Conoscenti et al, 2016;Reyna et al, 2018), our study is among the first to introduce a structured overview on the specific IIOT requirements. Using our requirements taxonomy helps to improve understanding of Blockchain's applicability in the manufacturing sector.…”

Section: Adaptabilitymentioning

confidence: 99%

Blockchain and the Industrial Internet of Things

Siegfried

Rosenthal

Benlian

2020

JEIM

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Purpose The purpose of this paper is to investigate the suitability of Blockchain technology for applications in the Industrial Internet of Things (IIOT). It provides a taxonomy of system requirements for such applications and maps these requirements against the Blockchain’s technological idiosyncrasies. Design/methodology/approach A requirement taxonomy is built in an iterative process based on a descriptive literature review. In total, 223 studies have been screened leading to a relevant sample of 48 publications that were analyzed in detail regarding posed system requirements. Subsequently, Blockchain’s capabilities are discussed for each requirement dimension. Findings The paper presents a taxonomy of six requirement dimensions. In the mapping process, areas of greater fit (e.g., reliability, nonrepudiation and adaptability) were identified. However, there are also several constraints (e.g., scalability, confidentiality and performance) that limit the use of Blockchain. Research limitations/implications Due to the limited amount of studies and the vibrant development of Blockchain technology, the results may benefit from practical evidence. Researchers are encouraged to validate the results in qualitative practitioner interviews. Focusing on literature-backed public Blockchain, idiosyncrasies of private implementations and specific distributed ledger technologies may be discussed in future studies. Practical implications The paper includes use cases for Blockchain in manufacturing and IIOT applications. Potential caveats for practitioners are presented. Originality/value This paper addresses the need to understand to which degree Blockchain is a suitable technology in manufacturing, especially in context of the IIOT. It contributes a requirement taxonomy which serves as the foundation for a systematic fit assessment.

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“…Storing the data on blockchain from different IoT devices, and retrieving data is a very important task . BIoT is expected to be very popular and it is already focusing on crypto currency (Abadi et al, 2018).…”

Section: Literature Review and Research Intentionsmentioning

confidence: 99%

A Combined Model of Blockchain, Price Intelligence and IoT for Reducing the Corruption and Poverty

Akhtaruzzaman¹,

Kabir²,

Haque³

et al. 2020

International Conference on Poverty and Sustainable Development

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Corruption of price hike is common and one of the major issues in the third world as well as in developing countries. Corruption and price hike issues are correlated with one another. A number of recent studies have been examined to establish the relationship between corruption and poverty. The people of low and middle-income countries cannot take proper medical treatment and buy nutritional food due to price hike and corruption. As a result, every year, many children and poor people have been suffering and dying from malnutrition. Blockchain is a leading technology which is prohibitive to data manipulation and an open distributed computation system where data transactions occur between two parties efficiently. Price Intelligence technology is used for price monitoring at the market level. This study presents a technological model where we have used blockchain, price intelligence and IoT approaches for monitoring the price transaction in the medical, banking and educational areas. This proposed model represents a technological architecture where different people and organizations are connected to the cloud through the internet and money transactions happened through blockchain approach. As a result, people of differing abilities and resources can detect the price hike and corruption and poor people can get priority for better service. Finally, we have suggested the potential impact of the proposed model and have explained how poor people can get better service by using this model.

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The Blockchain of Things, Beyond Bitcoin: A Systematic Review

Cited by 23 publications

References 48 publications

Survey on Blockchain-Based IoT Payment and Marketplaces

Survey on Blockchain-Based IoT Payment and Marketplaces

Blockchain and the Industrial Internet of Things

A Combined Model of Blockchain, Price Intelligence and IoT for Reducing the Corruption and Poverty

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