Blockchain in the Internet Of Things

As technical communities and commercial behemoths actively march toward service-directed systems with specific application needs, blockchain applications are generating a lot of buzz. 

Users will be able to acquire services with more promising characteristics thanks to such platforms. 

Blockchain was first used in Bitcoin as a shaky method of completing financial transactions. 

The idea that a trusted third party is no longer required is so intriguing that various blockchain-based payment methods, such as Mixcoin, Zerocoin, and Zerocash, have been proposed. 

  • It is even being used by banks to reconcile banking records that have occurred between them. 
  • In a system where entities lack trust for one another, blockchain is primarily employed as an immutable ledger. 
  • Given that a centralized storage solution is proving to be ineffective and problematic. A blockchain-based solution can increase system transparency, protect records against tampering, and build trust between parties. 

On this site, we aim to research and examine five B-IoT systems that are divided into two categories: 

1. Blockchain-enabled cloud storage services:

  1. Blockchain-enabled cloud storage services 
  2. Blockchain-enabled cloud data preservation services 
  3. Blockchain-enabled controlled data management 

2. Blockchain-enabled vehicular network services:

  1. Blockchain-enabled vehicle electricity transaction services, 
  2. Blockchain-enabled carpooling services, 
  3. Blockchain-enabled ride-hailing services 

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