On The Case of Blockchain Adoption in the Internet of Things

Abstract

Recently blockchain technology has been advocated as a solution fitting many different problems in several applicative fields; among these fields there is the Internet of Things (IoT) too. In this paper we show the most significant properties of a blockchain, how they suite the use case of a cryptocurrency and how they map onto the needs of IoT systems. We claim that a blockchain does not provide a significant advantage with respect to other database technologies in a field such as Internet of Things where computational power comes at a premium, energy is often scarce and storage scalability is a major challenge