Abstract
The Internet of Things (IoT) has altered the world in the last few years due to its capacity to impact almost every part of life. However, IoT raises concerns about data security and privacy because it collects data from devices via the cloud, increasing its vulnerability to hacking. IoT security is a serious issue that has delayed its widespread adoption. Several security and privacy solutions have been proposed for IoT contexts that meet prevalent security criteria such as authentication, integrity, and secrecy. However, due to resource restrictions and heterogeneous IoT devices, present solutions are unable to address the security requirements of the approaching large-scale IoT paradigm. Blockchain, well known for bitcoin and Ethereum, provides an intriguing approach for IoT security. The IoT and blockchain technologies may be combined and significant improvements in distributed systems have been made as a result of the widespread use of IoT technology. A novel framework with a unique design was proposed to improve security in bitcoin transaction by combining blockchain and SHA-256 hash algorithm. Additionally, the performance of proposed framework is compared with the state-of-the-art algorithms like MD5 and SHA1 in term of encryption time, power consumption, latency, speed and security. It is observed that the proposed framework takes 12 ms lesser latency than MD5 and consumes 2.7Wh lesser power consumption than SHA1 and provides better security than both the techniques.
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