Blockchain-Based Solutions to Security and Privacy Issues in the Internet of Things

Abstract

IoT is leading a digital revolution in both academia and industry. It brings convenience to people's daily lives; however, the issues of security and privacy of IoT become challenges. Blockchain, a decentralized database based on cryptographic techniques, is promising for IoT security, which may influence a variety of areas including manufacture, finance, and trading. The blockchain framework in an IoT system is an intriguing alternative to the traditional centralized model, which is struggling to meet some specified demands in IoT. In this article, we investigate typical security and privacy issues in IoT and develop a framework to integrate blockchain with IoT, which can provide great assurance for IoT data and various functionalities and desirable scalability including authentication, decentralized payment, and so on. We also suggest some possible solutions to these security and privacy issues in IoT based on blockchain and Ethereum to show how blockchain contributes to IoT.