Open AccessConvergence between Blockchain and the Internet of Things
Author(s) -
Alma Cruz
Publication year - 2021
Publication title -
international journal of technology, innovation and management
Language(s) - English
Resource type - Journals
ISSN - 2789-777X
DOI - 10.54489/ijtim.v1i1.11
Subject(s) - blockchain , internet of things , convergence (economics) , computer science , protocol (science) , computer security , distributed computing , economics , medicine , alternative medicine , pathology , economic growth
The objective of this study was to determine the effectiveness of a particular convergencemodel for IoT and blockchain. Multiple regression model was selected to determine the effectiveof a specific convergence model. Three convergence models were selected for this study, includingthe hybrid approach, the IoT-blockchain approach, and the IoT-IoT approach. The findingsindicated that there are issues with convergence between two different technologies. The otherfinding was that the hybrid model provided the best convergence platform for integrating IoT withblockchain. Regarding the IoT and blockchain, convergence challenges included the limitedcapacity of IoT devices to handle the nature of distributed ledgers. The recommendation is that theaspects of traditional blockchain should be redesigned because of new requirements of IoT,including smart contracts, consensus protocol, data privacy, and security.