Blockchain Technology: A Panacea for IoT Security Challenge

Authors

  • Nehemiah Adebayo Landmark University
  • Amos O. Bajeh Landmark University
  • Micheal Arowolo Landmark University
  • Erondu Udochuckwu Landmark University
  • Kayode Jesujana Ekiti State University
  • Mary Ajayi Landmark University
  • Surajudeen Abdulrasaq Landmark University
  • John Onyemenam Landmark University

DOI:

https://doi.org/10.4108/eetiot.v8i3.1402

Keywords:

IoT, Blockchain technology, Consensus algorithm, Connected devices, Smart contracts

Abstract

The Internet of Things (IoT) platforms, despite the wide range of application is not without loop holes of which cyberattackers can take advantage. In order to improve the platform's security while also increasing other features, it has been proposed that blockchain technology be implemented in any IoT system. However, while blockchain technology has many advantages, it is important to consider other options because they all have their own drawbacks that may not be ideal for every use case situation. IoT network devices have limited computer power, storage space, and bandwidth. As a result, these systems are easily prone to assault than other network connected devices, such PCs, cell phones and tablets. With focus on IoT security challenges and the countermeasures offered by the blockchain technology, consensus algorithm, data encryption and smart contracts were discovered to be the common and effective algorithm employed by the blockchain technology in securing Iot systems over time.

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Published

04-10-2022

Issue

Vol. 8 No. 3 (2022): EAI Endorsed Transactions on Internet of Things

Section

Research article

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Copyright (c) 2022 EAI Endorsed Transactions on Internet of Things

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This is an open-access article distributed under the terms of the Creative Commons Attribution CC BY 4.0 license, which permits unlimited use, distribution, and reproduction in any medium so long as the original work is properly cited.

How to Cite

[1]
“Blockchain Technology: A Panacea for IoT Security Challenge”, EAI Endorsed Trans IoT, vol. 8, no. 3, p. e3, Oct. 2022, doi: 10.4108/eetiot.v8i3.1402.