Blockchain Technology for Intelligent Environments

Spyros Voulgaris, Nikos Fotiou, Vasilios A. Siris, George C. Polyzos, Mikael Jaatinen and Yannis Oikonomidis
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Spyros Voulgaris: Department of Informatics, Athens University of Economics and Business, 10434 Athens, Greece
Nikos Fotiou: Department of Informatics, Athens University of Economics and Business, 10434 Athens, Greece
Vasilios A. Siris: Department of Informatics, Athens University of Economics and Business, 10434 Athens, Greece
George C. Polyzos: Department of Informatics, Athens University of Economics and Business, 10434 Athens, Greece
Mikael Jaatinen: Ericsson, 00240 Helsinki, Finland
Yannis Oikonomidis: Synelixis Solutions SA, 14343 Athens, Greece

Future Internet, 2019, vol. 11, issue 10, 1-24

Abstract: In the last few years, we have been witnessing the convergence of the physical with the digital world. The Internet of Things (IoT) is progressing at a fast pace, and IoT devices are becoming pervasive in our physical environments, bringing the vision of Intelligent Environments closer to reality. At the same time, the newly-introduced blockchain technology is offering for the first time ever cryptographically proven trust based on a set of mutually untrusted nodes. Blockchain technology thus has the potential to become a key component of many IoT systems, offering them an unprecedented level of accountability, transparency, and reliability. This paper first lays out the principles on which blockchain systems are operating, along with descriptions of the most noteworthy blockchain implementations. It then presents a number of systems through which blockchains may interact with external systems and third-party data sources. Finally, it provides a survey of the state-of-the-art blockchain-based systems targeting IoT applications.

Keywords: blockchains; distributed ledger technology (DLT); internet of things (IoT) (search for similar items in EconPapers)
JEL-codes: O3 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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