Transaction Throughput Optimization for Integrated Blockchain and MEC System in IoT

Abstract

The integration of blockchain and mobile edge computing (MEC), as a secure, efficient, and reliable edge computing paradigm, has been widely applied in many applications, such as large-scale Internet of Things (IoT), Internet of Vehicles (IoV), and smart grid. However, due to the restricted transaction throughput of blockchain, the combination of blockchain and MEC in most existing works cannot support applications with frequent transaction requirements. In this paper, we propose an integrated blockchain and MEC (IBM) framework based on a space-structured ledger to meet the transaction demands for IoT applications. In the framework, a collaborative mining process is designed, where we consider the cooperation between mobile devices (MDs) and MEC servers. To promote mining efficiency, we further develop a high-performance consensus mechanism called reputation-based proof of work (Re-PoW), in which differentiated mining targets are assigned according to the reputation of MDs. In the Re-PoW consensus mechanism, heterogeneous capabilities and historical behaviors of MDs are all considered for accurately evaluating their reputation. In addition, we present an alternating optimization algorithm by jointly optimizing bandwidth allocation and computation resource allocation to further enhance the performance of the proposed scheme. Simulation results show that the proposed approach can achieve significant throughput improvement.