Blockchain Technology - Based Solutions for IOT Security

Abstract

Blockchain innovation has picked up expanding consideration from investigating and industry over the later a long time. It permits actualizing in its environment the smart-contracts innovation which is utilized to robotize and execute deals between clients. Blockchain is proposed nowadays as the unused specialized foundation for a few sorts of IT applications. Blockchain would aid avoid the duplication of information because it right now does with Bitcoin and other cryptocurrencies. Since of the numerous hundreds of thousands of servers putting away the Bitcoin record, it’s impossible to assault and alter. An aggressor would need to change the record of 51 percent of all the servers, at the precise same time. The budgetary fetched of such an assault would distantly exceed the potential picks up. The same cannot be said for our private data that lives on single servers possessed by Google and Amazon. In this paper, we outline major Blockchain technology that based as solutions for IOT security. We survey and categorize prevalent security issues with respect to IoT data privacy, in expansion to conventions utilized for organizing, communication, and administration. We diagram security necessities for IoT together with the existing scenarios for using blockchain in IoT applications.