Blockchain-based Smart Contracts - Applications and Challenges

A blockchain-based smart contract or a "smart contract" for short, is a computer program intended to digitally facilitate the negotiation or contractual terms directly between users when certain conditions are met. With the advance in blockchain technology, smart contracts are being used to serve a wide range of purposes ranging from self-managed identities on public blockchains to automating business collaboration on permissioned blockchains. In this paper, we present a comprehensive survey of smart contracts with a focus on existing applications and challenges they face

On the Convergence of Blockchain and Internet of Things (IoT) Technologies

The Internet of Things (IoT) technology will soon become an integral part of our daily lives to facilitate the control and monitoring of processes and objects and revolutionize the ways that human interacts with the physical world. For all features of IoT to become fully functional in practice, there are several obstacles on the way to be surmounted and critical challenges to be addressed. These include, but are not limited to cybersecurity, data privacy, energy consumption, and scalability. The Blockchain decentralized nature and its multi-faceted procedures offer a useful mechanism to tackle several of these IoT challenges. However, applying the Blockchain protocols to IoT without considering their tremendous computational loads, delays, and bandwidth overhead can let to a new set of problems. This review evaluates some of the main challenges we face in the integration of Blockchain and IoT technologies and provides insights and high-level solutions that can potentially handle the shortcomings and constraints of both IoT and Blockchain technologies.Comment: Includes 11 Pages, 3 Figures, To publish in Journal of Strategic Innovation and Sustainability for issue JSIS 14(1

A Reference Architecture for Blockchain-based Peer-to-Peer IoT Applications

The advent of Blockchain and Distributed Ledger Technologies enable IoT and smart city application developers to conceive new types of applications and solutions for identity management, trust, and data monetization. However, architecting blockchain-based IoT applications remain challenging due to the heterogeneous nature of blockchain platforms and lack of guidelines on how to interface existing components in the IoT ecosystem with the emerging Blockchain technology. This article explains the characteristics of blockchain and IoT technologies and presents a general reference architecture that can be used to develop many blockchain-based peer-to-peer IoT applications

Blockchain: Emerging Applications and Use Cases

Blockchain also known as a distributed ledger technology stores different transactions/operations in a chain of blocks in a distributed manner without needing a trusted third-party. Blockchain is proven to be immutable which helps for integrity and accountability, and, to some extent, confidentiality through a pair of public and private keys. Blockchain has been in the spotlight after successful boom of the Bitcoin. There have been efforts to leverage salient features of Blockchain for different applications and use cases. This paper present a comprehensive survey of applications and use cases of Blockchain technology. Specifically, readers of this paper can have thorough understanding of applications and user cases of Blockchain technology

Blockchain And The Future of the Internet: A Comprehensive Review

Blockchain is challenging the status quo of the central trust infrastructure currently prevalent in the Internet towards a design principle that is underscored by decentralization, transparency, and trusted auditability. In ideal terms, blockchain advocates a decentralized, transparent, and more democratic version of the Internet. Essentially being a trusted and decentralized database, blockchain finds its applications in fields as varied as the energy sector, forestry, fisheries, mining, material recycling, air pollution monitoring, supply chain management, and their associated operations. In this paper, we present a survey of blockchain-based network applications. Our goal is to cover the evolution of blockchain-based systems that are trying to bring in a renaissance in the existing, mostly centralized, space of network applications. While re-imagining the space with blockchain, we highlight various common challenges, pitfalls, and shortcomings that can occur. Our aim is to make this work as a guiding reference manual for someone interested in shifting towards a blockchain-based solution for one's existing use case or automating one from the ground up.Comment: Under Review in IEEE COMS

BlendMAS: A BLockchain-ENabled Decentralized Microservices Architecture for Smart Public Safety

Thanks to rapid technological advances in the Internet of Things (IoT), a smart public safety (SPS) system has become feasible by integrating heterogeneous computing devices to collaboratively provide public protection services. While a service oriented architecture (SOA) has been adopted by IoT and cyber-physical systems (CPS), it is difficult for a monolithic architecture to provide scalable and extensible services for a distributed IoT based SPS system. Furthermore, traditional security solutions rely on a centralized authority, which can be a performance bottleneck or single point failure. Inspired by microservices architecture and blockchain technology, this paper proposes a BLockchain-ENabled Decentralized Microservices Architecture for Smart public safety (BlendMAS). Within a permissioned blockchain network, a microservices based security mechanism is introduced to secure data access control in an SPS system. The functionality of security services are decoupled into separate containerized microservices that are built using a smart contract, and deployed on edge and fog computing nodes. An extensive experimental study verified that the proposed BlendMAS is able to offer a decentralized, scalable and secured data sharing and access control to distributed IoT based SPS system.Comment: Submitted to the 2019 IEEE International Conference on Blockchain (Blockchain-2019

An Exploration of Blockchain Enabled Decentralized Capability based Access Control Strategy for Space Situation Awareness

Space situation awareness (SSA) includes tracking of active and inactive resident space objects (RSOs) and assessing the space environment through sensor data collection and processing. To enhance SSA, the dynamic data-driven applications systems (DDDAS) framework couples on-line data with off-line models to enhance system performance. Using feedback control, sensor management, and communications reliability. For information management, there is a need for identity authentication and access control to ensure the integrity of exchanged data as well as to grant authorized entities access right to data and services. Due to decentralization and heterogeneity of SSA systems, it is challenging to build an efficient centralized access control system, which could either be a performance bottleneck or the single point of failure. Inspired by the blockchain and smart contract technology, this paper introduces BlendCAC, a decentralized authentication and capability-based access control mechanism to enable effective protection for devices, services and information in SSA networks. To achieve secure identity authentication, the BlendCAC leverages the blockchain to create virtual trust zones and a robust identity-based capability token management strategy is proposed. A proof-of-concept prototype has been implemented on both resources-constrained devices and more powerful computing devices, and is tested on a private Ethereum blockchain network. The experimental results demonstrate the feasibility of the BlendCAC scheme to offer a decentralized, scalable, lightweight and fine-grained access control solution for space system towards SSA.Comment: Submitted to SPIE Optical Engineering, Special Section on Sensors and Systems for Space Applications. arXiv admin note: substantial text overlap with arXiv:1804.0926

A Review on the Application of Blockchain for the Next Generation of Cybersecure Industry 4.0 Smart Factories

Industry 4.0 is a concept devised for improving the way modern factories operate through the use of some of the latest technologies, like the ones used for creating Industrial Internet of Things (IIoT), robotics or Big Data applications. One of such technologies is blockchain, which is able to add trust, security and decentralization to different industrial fields. This article focuses on analyzing the benefits and challenges that arise when using blockchain and smart contracts to develop Industry 4.0 applications. In addition, this paper presents a thorough review on the most relevant blockchain-based applications for Industry 4.0 technologies. Thus, its aim is to provide a detailed guide for future Industry 4.0 developers that allows for determining how blockchain can enhance the next generation of cybersecure industrial applications

Blockchain for the IoT: Opportunities and Challenges

Blockchain technology has been transforming the financial industry and has created a new crypto-economy in the last decade. The foundational concepts such as decentralized trust and distributed ledger are promising for distributed, and large-scale Internet of Things (IoT) applications. However, the applications of Blockchain beyond cryptocurrencies in this domain are few and far between because of the lack of understanding and inherent architectural challenges. In this paper, we describe the opportunities for applications of blockchain for the IoT and examine the challenges involved in architecting Blockchain-based IoT applications

Blockchain for the Internet of Things: Present and Future

One of the key challenges to the IoT's success is how to secure and anonymize billions of IoT transactions and devices per day, an issue that still lingers despite significant research efforts over the last few years. On the other hand, technologies based on blockchain algorithms are disrupting today's cryptocurrency markets and showing tremendous potential, since they provide a distributed transaction ledger that cannot be tampered with or controlled by a single entity. Although the blockchain may present itself as a cure-all for the IoT's security and privacy challenges, significant research efforts still need to be put forth to adapt the computation-intensive blockchain algorithms to the stringent energy and processing constraints of today's IoT devices. In this paper, we provide an overview of existing literature on the topic of blockchain for IoT, and present a roadmap of research challenges that will need to be addressed to enable the usage of blockchain technologies in the IoT