Trading Electricity with Blockchain Systems

On the wave of the development of new ICT technologies and renewable energy, the power system will certainly experience great changes to its outdated architecture over the next several decades. One of the key drivers of change in the power system is distributed energy resources. They are completely changing the paradigm of the power system as a system with a centralized hierarchy and one-way power flows from generation to customer and from high voltage to low voltage. Because the goals of net zero greenhouse gas emissions are gathering pace and are being accepted by countries around the world, slowdown in the integration of distributed energy resources cannot be expected. Another reason why we can expect faster integration is the development of technology for energy production which is becoming more available to power consumers. Because of the problems that are currently occurring in the distribution system, it is clear that the system must be modernized in line with the development of these technologies. The technology that will likely have the greatest impact on the modernization of the power system is blockchain technology combined with the smart grid paradigm. Blockchain has the ability to completely change the way the power system is managed and optimized for performance

Critical issues in Leveraging Blockchain in Healthcare Sector

Blockchain innovation has brought various benefits to the healthcare sector. Utilizing blockchains in clinical contexts will reduce handling time since when a patient signs up for a review, the complete collected data will be accessible at once because of accessibility on the distributed ledger. Also, specialists will not need to stress over the patients giving them a legit clinical history, because of their capacity to progressively see the correct, credible, and quality source-recorded information. It eliminates any likely clinical history mistakes. Similarly, the patients will not need to stress over having a second assessment from another specialist, because of the straightforwardness of the information. Having patient records on a blockchain organization will prompt individuals to know and associate with various others, across the globe, with similar ailments as they have, which is not only valuable for their well-being, but also make the patients feel acknowledged, upheld, and have reinforced determination to battle the ailment. Patients will have total independence regarding their information, and they will choose who to impart the information to. In this paper, we present all the challenges and critical issues associated with implementing blockchains in the healthcare sector

Using Distributed Ledger Technologies in VANETs to Achieve Trusted Intelligent Transportation Systems

With the recent advancements in the networking realm of computers as well as achieving real-time communication between devices over the Internet, IoT (Internet of Things) devices have been on the rise; collecting, sharing, and exchanging data with other connected devices or databases online, enabling all sorts of communications and operations without the need for human intervention, oversight, or control. This has caused more computer-based systems to get integrated into the physical world, inching us closer towards developing smart cities. The automotive industry, alongside other software developers and technology companies have been at the forefront of this advancement towards achieving smart cities. Currently, transportation networks need to be revamped to utilize the massive amounts of data being generated by the public’s vehicle’s on-board devices, as well as other integrated sensors on public transit systems, local roads, and highways. This will create an interconnected ecosystem that can be leveraged to improve traffic efficiency and reliability. Currently, Vehicular Ad-hoc Networks (VANETs) such as vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-grid (V2G) communications, all play a major role in supporting road safety, traffic efficiency, and energy savings. To protect these devices and the networks they form from being targets of cyber-related attacks, this paper presents ideas on how to leverage distributed ledger technologies (DLT) to establish secure communication between vehicles that is decentralized, trustless, and immutable. Incorporating IOTA’s protocols, as well as utilizing Ethereum’s smart contracts functionality and application concepts with VANETs, all interoperating with Hyperledger’s Fabric framework, several novel ideas can be implemented to improve traffic safety and efficiency. Such a modular design also opens up the possibility to further investigate use cases of the blockchain and distributed ledger technologies in creating a decentralized intelligent transportation system (ITS)

Enabling interoperable distributed ledger technology with legacy platforms for enterprise digitalization

Presently to achieve enterprise digitalization technologies such as Distributed Ledger Technologies (DLT) has now been deployed to support digital services provided by enterprises. But several challenges in DLTs remain to be addressed, including the interoperability, standardization, and integration. Therefore, this study provides theoretical and practical understanding of DLT interoperability and identified the factors that influence the interoperability of DLTs. Also, an architecture is designed to shows how interoperability can be achieved in DLTs and legacy systems supported by Application Programming Interface (API). A case study is presented to illustrate the applicability of the architecture to support a digital energy marketplace.acceptedVersio

Blockchain's adoption in IoT: The challenges, and a way forward

© 2018 Elsevier Ltd The underlying technology of Bitcoin is blockchain, which was initially designed for financial value transfer only. Nonetheless, due to its decentralized architecture, fault tolerance and cryptographic security benefits such as pseudonymous identities, data integrity and authentication, researchers and security analysts around the world are focusing on the blockchain to resolve security and privacy issues of IoT. However, presently, not much work has been done to assess blockchain's viability for IoT and the associated challenges. Hence, to arrive at intelligible conclusions, this paper carries out a systematic study of the peculiarities of the IoT environment including its security and performance requirements and progression in blockchain technologies. We have identified the gaps by mapping the security and performance benefits inferred by the blockchain technologies and some of the blockchain-based IoT applications against the IoT requirements. We also discovered some practical issues involved in the integration of IoT devices with the blockchain. In the end, we propose a way forward to resolve some of the significant challenges to the blockchain's adoption in IoT

Blockchain and Internet of Things in smart cities and drug supply management: Open issues, opportunities, and future directions

Blockchain-based drug supply management (DSM) requires powerful security and privacy procedures for high-level authentication, interoperability, and medical record sharing. Researchers have shown a surprising interest in Internet of Things (IoT)-based smart cities in recent years. By providing a variety of intelligent applications, such as intelligent transportation, industry 4.0, and smart financing, smart cities (SC) can improve the quality of life for their residents. Blockchain technology (BCT) can allow SC to offer a higher standard of security by keeping track of transactions in an immutable, secure, decentralized, and transparent distributed ledger. The goal of this study is to systematically explore the current state of research surrounding cutting-edge technologies, particularly the deployment of BCT and the IoT in DSM and SC. In this study, the defined keywords “blockchain”, “IoT”, drug supply management”, “healthcare”, and “smart cities” as well as their variations were used to conduct a systematic search of all relevant research articles that were collected from several databases such as Science Direct, JStor, Taylor & Francis, Sage, Emerald insight, IEEE, INFORMS, MDPI, ACM, Web of Science, and Google Scholar. The final collection of papers on the use of BCT and IoT in DSM and SC is organized into three categories. The first category contains articles about the development and design of DSM and SC applications that incorporate BCT and IoT, such as new architecture, system designs, frameworks, models, and algorithms. Studies that investigated the use of BCT and IoT in the DSM and SC make up the second category of research. The third category is comprised of review articles regarding the incorporation of BCT and IoT into DSM and SC-based applications. Furthermore, this paper identifies various motives for using BCT and IoT in DSM and SC, as well as open problems and makes recommendations. The current study contributes to the existing body of knowledge by offering a complete review of potential alternatives and finding areas where further research is needed. As a consequence of this, researchers are presented with intriguing potential to further create decentralized DSM and SC apps as a result of a comprehensive discussion of the relevance of BCT and its implementation.© 2023 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).fi=vertaisarvioitu|en=peerReviewed

Enhancing data privacy and security in Internet of Things through decentralized models and services

exploits a Byzantine Fault Tolerant (BFT) blockchain, in order to perform collaborative and dynamic botnet detection by collecting and auditing IoT devices\u2019 network traffic flows as blockchain transactions. Secondly, we take the challenge to decentralize IoT, and design a hybrid blockchain architecture for IoT, by proposing Hybrid-IoT. In Hybrid-IoT, subgroups of IoT devices form PoW blockchains, referred to as PoW sub-blockchains. Connection among the PoW sub-blockchains employs a BFT inter-connector framework. We focus on the PoW sub-blockchains formation, guided by a set of guidelines based on a set of dimensions, metrics and bounds

Improved Classification of Blockchain Transactions Using Feature Engineering and Ensemble Learning

Although the blockchain technology is gaining a widespread adoption across multiple sectors, its most popular application is in cryptocurrency. The decentralized and anonymous nature of transactions in a cryptocurrency blockchain has attracted a multitude of participants, and now significant amounts of money are being exchanged by the day. This raises the need of analyzing the blockchain to discover information related to the nature of participants in transactions. This study focuses on the identification for risky and non-risky blocks in a blockchain. In this paper, the proposed approach is to use ensemble learning with or without feature selection using correlation-based feature selection. Ensemble learning yielded good results in the experiments, but class-wise analysis reveals that ensemble learning with feature selection improves even further. After training Machine Learning classifiers on the dataset, we observe an improvement in accuracy of 2–3% and in F-score of 7–8%