On Blockchain and IoT Integration Platforms: Current Implementation Challenges and Future Perspectives

Abstract

Digitization and automation have engulfed every scope and sphere of life. Internet of Things (IoT) has been the main enabler of the revolution. There still exist challenges in IoT that need to be addressed such as the limited address space for the increasing number of devices when using IPv4 and IPv6 as well as key security issues such as vulnerable access control mechanisms. Blockchain is a distributed ledger technology that has immense benefits such as enhanced security and traceability. Thus, blockchain can serve as a good foundation for applications based on transaction and interactions. IoT implementations and applications are by definition distributed. This means blockchain can help to solve most of the security vulnerabilities and traceability concerns of IoTs by using blockchain as a ledger that can keep track of how devices interact, in which state they are and how they transact with other IoT devices. IoT applications have been mainly implemented with technologies such as cloud and fog computing, and AI to help address some of its key challenges. The key implementation challenges and technical choices to consider in making a successful blockchain IoT (BIoT) project are clearly outlined in this paper. The security and privacy aspect of BIoT applications are also analyzed, and several relevant solutions to improve the scalability and throughput of such applications are proposed. The paper also reviews integration schemes and monitoring frameworks for BIoT applications. A hybrid blockchain IoT integration architecture that makes use of containerization is proposed.