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A Study of Blockchain-Based Internet of Things

Article in Iraqi Journal for Computer Science and Mathematics · October 2022
DOI: 10.52866/ijcsm.2023.01.01.003

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 Iraqi Journal for Computer Science and Mathematics
Journal Homepage: http://journal.esj.edu.iq/index.php/IJCM
e-ISSN: 2788-7421 p-ISSN: 2958-0544

A Study of Blockchain-Based Internet of Things

Roheen Qamar1,∗ , Baqir Ali Zardari2

1 Department of Computer Science, Quaid-e-Awam University of Engineering, Science and Technology, Nawabshah, Pakistan
2 Assistant Professor, Department of Information Technology, Quaid-e-Awam University of Engineering, Science and Technology,
Nawabshah, Pakistan

*Corresponding Author: Roheen Qamar

DOI: https://doi.org/10.52866/ijcsm.2023.01.01.003
Received March 2022; Accepted October 2022; Available online October 2022

ABSTRACT: Blockchain and the Internet of Things (IoT), two of the most emerging technologies, are already
reconfiguring our digital future, as described by the drastic change in the current network architecture. The
incorporation of IoT has brought the objects around us to life, making them “smart” and capable of communicating
with one another, thereby amassing massive data by consistently acquiring the physical world for analysis and
intelligent action. It has made our dream of seamless integration of the digital and physical worlds a reality, altering
the essence of our perception of the physical world. However, the issue with current IoT solutions is the requirement
for a centrally controlled party (similar to a cloud server). This research covers the most essential implications of
IoT’s most challenging scenarios, as revealed by the current studies, when connecting and communicating via the
Internet. The vast amounts of generated sensitive data pose a significant risk to privacy and security; interestingly,
the original architecture design calls for a decentralized system, such as the distributed or peer-to-peer (P2P) system.
This scenario highlights the relevance of the blockchain, as it can offer a secure and trustworthy method of sharing
information via a distributed/P2P model for achieving transparency, security, privacy, auditability, resilience, access
authentication, data immutability, and so on. In this study, we explain how blockchain and IoT technologies are
combined to overcome their specific shortcomings and ultimately achieve their maximum benefits. This research
also discusses the technical aspects of IoT and bitcoin. We present a comprehensive overview of both technologies,
including the blockchain-based IoT (BIoT) architecture and operation, and a few examples of BIoT applications and
their comparison.

Keywords: Blockchain; Internet of Things; Blockchain and IoT Applications

1. INTRODUCTION
The blockchain, which was initially designed for bitcoin, is a broadly distributed and easy-to-use database The Internet
of Things (IoT) is a hub of various smart objects that communicate with one another without the need for direct social
interaction. IoT permits the efficient and quick switching of records. Consequently, IoT-enabled devices have helped
to improve operational efficiency, overall performance, and protection. IoT can also be regarded as a single worldwide
network. Companies required to implement IoT packages forecast their sales to boom in the IoT marketplace. IoT is
composed of smart devices or machines that communicate with different gadgets, machines, or infrastructure. The “things”
in IoT take the form of physical and virtual items that can operate jointly in a communication network. The IoT may be
static in nature [1], as presented in Figure 1.

*Corresponding author: [email protected] 15

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FIGURE 1. Blockchain Architecture

1.1 IOT AND ITS CHALLENGES

Certainly, IoT is no longer a mere concept nowadays, especially since it is widely used in daily living. In ordinary
life, the “cellphone” is the most well-known IoT framework. The use of IoT is not restricted to smart houses. It consists
of the entirety of different domains, such as commercial aspects of agriculture, public safety, and healthcare sectors.
IoT is also called the Internet of Everything (IoE). Regarding the extensive variations of IoT real-global software, IoT
refers to a community of more than one device that communicates with one another without requiring direct human
intervention. It also allows for the green and quick transfer of data. IoT-enabled gadgets improve operational efficiency,
overall performance, and safety [2].
Connected architecture, smart buildings, organization evaluations, and environmental monitoring tracking are only a
few examples of commercial and consumer- and defense-related IoT activities, and they are accomplished through data
collection, processing, and storage. Massive volumes of information are being disseminated nowadays. However, given
the large-scale and contracted design of IoT networks, they have made IoT devices heterogeneous and diverse in terms
of energy requirements. Incidentally, IoT safety and privacy remain a priority. In many cases, the data collected by IoT
devices are critical for security and privacy, or it contains sensitive information for which the IoT devices are responsible.
In general, devices in IoT networks are not secure, and many communities have become victims of cyberattacks [3].

1.2 CENTRALIZED SECURITY AND COMMUNICATION ARCHITECTURES

Security and verbal exchange architectures, including modern safety mechanisms, are generally centralized. Nonethe-
less, given the low-scalability and one-to-many structure of businesses and the creation of single-factor attacks (i.e., cases
of IoT packages), central processes are not ideal [4]. Furthermore, when working with multiple IoT devices, dialogue
styles based on centralized agents are difficult to scale. The entire cable activity is also run using cloud servers, thus
creating a limitation and a fatal point [5]. Figure 2 shows an example of a formalized formal.

FIGURE 2. Communication Architectures of IoT.

2. PROS OF BITCOIN IOT TECHNOLOGIES

Figure 3 depicts the possible benefits of using cryptocurrency IoT solutions, whose development and popularity have
increased in recent years.

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FIGURE 3. Advantages of Blockchain IoT.

Table 1. Pros of Blockchain-Based Connected Things

An embedded device blockchain can record temperature, position, generated data, and status. Permanent blockchain
transactions can help to arrange trustworthy data and move them rapidly and effortlessly.

3. BLOCKCHAINS ERA
The blockchain is not a new concept. As early as the 1990s, research on the ordering mechanism of interference
timestamps has mentioned the impact to this concept. In the promotion of safe payment systems, the same notion has
been extended to ledgers and transactions. Blockchain was invented by Satoshi Nakamoto, who wrote a paper about it in
2008. Since then, many software engineers, cryptographers, and scientists have collaborated to transform the blockchain
into the bitcoin digital currency network [13].

3.1 BLOCKCHAIN AND IOT’S SOCIAL IMPLICATIONS

The societal ramifications of blockchain and IoT are numerous. A few instances are shown in Figure 4.
1. Personal Responsibility
The accountability relies solely on the person. If you live in an open-air area, you can no longer avoid responsibilities.
Your money is gone if you lose your private key [13].
2. Spreading the Value of Distribution
The system is impenetrable. It is impossible to demolish the entire structure by removing a single component. The sole
option is to use the network’s existing value distribution. The end nodes contain all important data [13].
3. Transportation Infrastructure

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FIGURE 4. A System as a Result of Blockchain and IoT

Individuals who want to go beyond the network may concentrate on providing transportation services. Money is never
kept by a single node and is always transferred. The information is changed and relocated [14].
4. Information Agreement on a Large Scale
The content from a software may neither be equivalent nor redundant to the data in another software; this situation
contrasts the client–server approach. As a result, a bank consortium requires a large number of middlemen who must
organize a huge number of audits. The blockchain can solve this issue. In fully automating the payment and money
transfer systems, the problem of the middlemen is solved by blockchain technology because it is decentralized. Besides,
IoT allows all devices to be connected, whereas blockchain allows for decentralization. As a result, the two technologies
can jointly make large-scale information agreement easier [14].

4. KEY BLOCKCHAIN AND IOT IMPEDIMENTS

The obstacles in using the blockchain and IoT are depicted in Figure 5.

FIGURE 5. Key Challenges in Using Blockchain and IoT.

1. Implementation Plan
IoT and blockchain technologies are bridging the gap between disparate platforms and devices. However, devices that
communicate with one another may encounter compatibility issues. We require a unified platform for all devices and a
built-in technology to ensure the efficient operation of these technologies [15].
2. Scientific
Scalability, security, and storage requirements are the primary technological challenges of the blockchain and IoT tech-
nologies. Security has previously been thoroughly studied. Thus, we concentrate on the scalability problem, particularly
the blockchain’s inability to handle transactions in a restrictive manner. Several thousands of transactions occur per second

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Table 2. Block Benefits

in the financial world. This situation means that the blockchain has some restrictions on security, high availability, and
disk usage. These difficulties are being addressed by the researchers and are making progress [16].
3. Legal and Compliance Concerns
Incorporating new technology is beneficial. However, the Internet simply lacks the ability to connect back to the
physical world in a manner that it justifies the concept of IoT. An IoT is expected to encompass not only physical objects
but also human activity and life. Two ethical concerns must be considered: quality control and accountability [17]. Finally,
one may wonder what happens when an individual breaks a legal rule, and obtaining answers to this query is becoming
more difficult. Another difficulty is the creation of an information repository. For instance, when attorneys evaluate how
to secure personal data, the common question is: what will be the identity criteria? A legal and ethical question is on
how to assess certain aspects in a legal and ethical perspective. According to Somov and Giaffreda [18], knowing how to
establish, monitor, and manage “anything” in a framework is a legal and ethical matter.

5. BLOCKCHAIN
6. BLOCKCHAIN ESSENTIALS
The blockchain is the underlying digital infrastructure powering bitcoin and other cryptocurrencies. Its goal is to
develop faster and more efficient methods of transmitting, receiving, and tracking orders by utilizing secure data. The
essentiality of the blockchain is shown in Figure 6.

FIGURE 6. Blockchain Essentials

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7. LITERATURE SURVEY
Novo et al. [26] evaluated the fundamentals of blockchain and IoT. To collect primary data, we examined key blockchain
characteristics, such as cloud computing, intelligent compares, encryption algorithm, password protection, and others, as
a way of learning how they would be applied to IoT and make it functional. We found that the blockchain is a good and
acceptable paradigm for IoT and IIoT development, but certain difficulties must be handled.
Fernández-Caramés et al. [27] reviewed the security of IoT and determined the decentralized and distributed method
of the blockchain, acting as a distributed ledger because all of its blocks are linked together. The blockchain can track
and manage transactions and save data for billions of IoT devices. Motion time stamping, distributed consensus, data
encryption, and economic incentives are used in the system. It can lower the cost, boost productivity, and addresses the
problem of unsecured data storage in centralized companies.
Back et al. [28] recommended traditional centralized architectures to be transformed using a new consensus-based
technique. Initially, they regarded the system as a blockchain composed of the words “block” and “chain.” By 2016, the
two concepts were unified into a single word, and it led to the development of cryptocurrency.
Atlam et al. [29] used a guide to analyze blockchain and IoT technologies. They started with an overview of the
fundamental structure of IoT based on the blockchain. The applications and challenges of blockchain technology were
also explored. Then, the IoT system was studied by focusing on the common architecture and key characteristics. The IoT
system’s numerous applications and challenges were also investigated.
Boudguiga et al. [30] demonstrated the stability of the blockchain when updating IoT devices in a network, emphasizing
the blockchain’s non-variable properties. The attacker would not be able to erase a valid block that has been put to the
blockchain as part of a software upgrade. By preventing threats from being installed, new software issues can also be
resolved. After performing an IoT device consensus method, the modifications could be verified using the blockchain
program. Furthermore, as the size of the IoT network grows, the IoT blockchain used for security to upgrade the IoT
devices also becomes increasingly effective. Various gadgets could extend their lives by preventing excessive resource
wastage as they would only download reliable and approved upgrades.
Dorri et al. [31] determined the importance of an IoT-optimized lightweight blockchain. As high-level calculation,
complexity, and latency are often incompatible with IoT devices, the blockchain is regarded as inappropriate for IoT
networks. A lightweight blockchain for IoT was created as a solution, and the overhead of the standard blockchains
was removed while maintaining confidentiality. In boosting the energy efficiency, besides employing a blockchain, the
proposed IoT architecture would also include a centrally managed node. Overlay networks, as opposed to sensor nodes, are
constructed by central nodes with the necessary computing power and storage space to implement the public blockchain,
thus ensuring end-to-end confidentiality and anonymity. They also suggested using an architecture that could utilize
distributed trusts to reduce the block verification processing time. A smart home was used as a testing ground to assess
how effective the proposed architecture would be. The proposed system utilized a blockchain to overcome the IoT device’s
limited computing power and storage issues, but it was weak in terms of security because it relied on a central node to
integrate data. The evaluation was conducted while taking into account the sensor device’s battery issues.
Sam et al. [32] proposed the creation of a lightweight blockchain by using cloud and fog computing and leveraging
the blockchain as an IoT service platform. Some of the disadvantages of installing a blockchain on the IoT network
include limited computer power, bandwidth, and battery capacity. Blockchain technology can be hosted on cloud and fog
computing systems, but cloud and fog computing are diametrically opposed in terms of processing resources and latency.
Despite the limited resources of fog computing, it has low latency. Meanwhile, cloud computing can scale incoming
latency-related resource constraints. By combining blockchain technology with the aforementioned platform (i.e., cloud
computing), IoT devices with limited resources can benefit from blockchain technology.

8. RESULTS
In 2008, the number of IoT objects surpassed the global population. Given that the IoT system’s numerous benefits,
new applications and services are being produced on a daily basis. According to Statista [33], the total number of IoT
devices would exceed 31 billion by the end of 2020 and even rise to nearly 75 billion by the end of 2025.
Statista [33] also reported that the global spending on blockchain solutions would increase from 4.5 billion in 2017 to
6.6 billion in 2021. The rising demand for security with digital identities and Web 3.0 is expected to drive the demand for
blockchain technology in the coming years. With more firms using blockchain technology for data validation and access
and identity protection measures, blockchain spending is estimated to exceed $19 billion by 2024.
Furthermore, the IoT market is expanding at a high exponential rate. In 2015, the IoT revenue totaled USD 743
billion according to Statista. By the end of 2019, this number has risen considerably to USD 1710 billion. From 2022
to 2030, blockchain is expected to increase at an annual rate of 85.9%. Furthermore, according to Triple A and Grandview

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FIGURE 7. Growth projections for IoT from 2015 to 2025 [33].

FIGURE 8. Average increase rate of blockchains [33, 34]

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Research, more than 300 million people would own or use cryptocurrency in 2021, indicating their connection to a
database. Grandview Research reported that the blockchain market is significantly larger than many analysts have realized.
The use of contactless blockchain tickets in various events and the increase in digitization across the BPFSI industry can
also boost the blockchain market. According to Grandview Research, the trade estimates by industries may increase at an
annual pace of 85.9% between 2022 and 2030 to ultimately reach $1,431.54 billion [34].

9. OPEN ISSUES AND FUTURE

Blockchain is an emerging and powerful technology. Blockchain-based systems offer high security, decentralization,
and auditability. Despite these advantages, the adoption of blockchain technology in IIOT systems faces several chal-
lenges. In this section, we will discuss these challenges and some future research directions in the context of blockchain
integration with IIoT networks.
All consensus algorithms in public and private networks require the full participation of nodes to keep a copy of all
network transaction records.
It provides security, decentralization, and fault tolerance at the cost of scalability. In traditional databases, only addi-
tional storage is required in the case of growing records. Meanwhile, in blockchain-based systems, additional computa-
tional power is required to process the transactions more quickly [35].
The high performance and networking overheads of blockchain scaling are a huge issue in the implementation of
digital finance and IIoT applications. The vertical scaling of blockchain is a potential research direction for addressing
the scalability issue, but horizontal scaling offers a more promising solution. Accordingly, semantically independent inter-
blockchain communication may be another research area.
The roles for nodes in blockchain networks were also developed [37]. In addition, IoT devices have a limited role
in that they do not need to store a full copy of blockchain transactions. The derived solutions are more feasible for
private blockchain implementation. Meanwhile, in public blockchains, a possible solution is to push transactions into the
blockchain via the IoT gateway. In this context, computationally capable IoT gateways that can actively participate in the
public blockchain will be required. Another potential future research direction is to extend the blockchain to the IoT edge.
The high performance and networking overhead of the blockchain limit its use over resource-constrained IoT devices. In
addressing this issue, IoT gateways can be used to push transactions through the blockchain network by using lightweight
clients.
Private blockchains have a relatively high transaction rate because they do not provide fully decentralized systems.
In view of providing Byzantine fault tolerance, the consensus algorithms used in private blockchains include a round of
voting. This approach is not appropriate for public blockchain networks. The philosophy of the public blockchain is that all
users are equal and have no governing authority. The public blockchain has latency because it uses a lottery-based consen-
sus algorithm to create a secure and permissionless transaction platform. Therefore, consensus algorithms on blockchains
create a tradeoff between decentralization and high- speed transactions. Applications beyond the cryptocurrencies need to
provide users privacy while offering multiple application scenarios. Multiple blockchains are required in applications in
which blockchains spread across multiple geographical locations and multiple use cases, such as IIoT. Blockchains can
provide multiple IoT services by effectively communicating with one another [38].

10. CONCLUSION
Blockchains are thought to be a scalable technology that may be used in a wide range of areas. One of them is that the
blockchain is regarded as a critical technology and capable of improving security in areas where it is lacking. Here, we
examined the research patterns that link IoT and blockchain technologies to high security. Blockchain, a recently emerged
technology, offers a response to problems by improving scalability, protection, reliability, visibility, and dependability.
This research covers the blockchain and how it operates. The technical features of the blockchain, including related
concepts, power management, reliability, anonymity, and blockchain, are explored. The economic, technological, social,
and political consequences of blockchain and the IoT are also examined. There will be a slew of technological concerns
as new technology emerges. As a result, the study clarifies the major problems that blockchain and IoT technologies face.

ACKNOWLEDGEMENT
The first author would like to thank the reviewers for providing useful suggestions, allowing for the improved presen-
tation of this paper.

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CONFLICTS OF INTEREST
The authors declare no conflict of interest.

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