Abstract

With the increasing popularity of the Internet of things (IoT) and giving the end users the opportunity of collecting and analyzing the data by these IoT devices give rise to ultimate privacy concern and is attracting significant attention nowadays. These IoT devices may contain highly sensitive data and data sharing processes which may lead to security and privacy concerns. To surmount these issues, the interaction of IoT with blockchain for a secure transaction is accepted as a candidate solution. However, the innate behavior of blockchain containing complex mathematical proofs and consensus protocol requires high computational power making it less favorable for IoT devices to be connected with. Motivated by a private by-design framework and emphasizing greater control and setting of privacy preferences by the data owner, this paper complements our previous work on privacy preservation in IoT networks. In this paper, we design and propound a complete blockchain-based privacy-preserving framework by deploying service-oriented layers concepts and low computation cryptography, and a less complex consensus protocol to address the privacy concern. Moreover, this paper will unravel the complete end-to-end architecture of IoT-based blockchain purposely build for secure transactions in IoT networks. Security analysis is conducted using AVISPA tool to show that the proposed algorithms attain the desired security goals. This is followed by extensive simulation experiments and ultimate output results cultivating it much favorably for the deployment of IoT applications in real life.

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