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The Benefits, Challenges, and Future of Blockchain and The Internet of Things

Mufiidah, Andi Nabiilah and Destiani, Romanda Dwi (2023) The Benefits, Challenges, and Future of Blockchain and The Internet of Things. Blockchain Frontier Technology (B-Front), 3 (1). pp. 1-13. ISSN 2808-0009

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The Internet of Things (IoT) has expanded internet connectivity beyond computers and people to include most objects in our environment. The Internet of Things (IoT) can connect billions of items at once, which has the effect of improving the need for information sharing and ultimately enhancing our quality of life. Due to its centralized server/client approach, which limits the IoT's potential benefits, there are numerous obstacles to IoT adoption in the real world. For instance, the network's excessive number of IoT items can cause scalability and security problems. The server/client approach necessitates that all devices connect to and are authenticated by the server, creating a single point of failure. As a result, shifting the IoT system to a decentralized approach might be the best course of action. Blockchain is one of the most well-known decentralization technologies. The Blockchain is a potent technology that decentralizes administration and computation processes, which can address many IoT problems, particularly security. The benefits and difficulties of the integration of the blockchain with the IoT are highlighted in this paper's review. There is also a discussion of the potential research avenues for blockchain and IoT. We conclude that combining blockchain technology with IoT can result in a potent strategy that can significantly open the door for new business models and distributed application.

Item Type: Article
Subjects: Technologies > Blockchain
Technologies > Internet of Things
Depositing User: Admin Digital Blue Ocean
Date Deposited: 03 Jul 2023 06:11
Last Modified: 03 Jul 2023 06:11

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