Pushing Software-Defined Blockchain Components onto Edge Hosts

With the advent of blockchain technology, some management tasks of IoT networks can be moved from central systems to distributed validation authorities. Cloud-centric blockchain implementations for IoT have shown satisfactory performance. However, some features of blockchain are not necessary for IoT. For instance, a competitive consensus. This research presents the idea of customizing and encapsulating the features of blockchain into software-defined components to host them on edge devices. Thus, blockchain resources can be provisioned by edge devices (e-miners) working together closer to the things layer in a cooperative manner. This research uses Edison SoC as e-miners to test the software-defined blockchain components

Suspicious Transactions in Smart Spaces

IoT systems have enabled ubiquitous communication in physical spaces, making them smart Nowadays, there is an emerging concern about evaluating suspicious transactions in smart spaces. Suspicious transactions might have a logical structure, but they are not correct under the present contextual information of smart spaces. This research reviews suspicious transactions in smart spaces and evaluates the characteristics of blockchain technology to manage them. Additionally, this research presents a blockchain-based system model with the novel idea of iContracts (interactive contracts) to enable contextual evaluation through proof-of-provenance to detect suspicious transactions in smart spaces

Digital Twins and Blockchain for IoT Management

Security and privacy are primary concerns in IoT management. Security breaches in IoT resources, such as smart sensors, can leak sensitive data and compromise the privacy of individuals. Effective IoT management requires a comprehensive approach to prioritize access security and data privacy protection. Digital twins create virtual representations of IoT resources. Blockchain adds decentralization, transparency, and reliability to IoT systems. This research integrates digital twins and blockchain to manage access to IoT data streaming. Digital twins are used to encapsulate data access and view configurations. Access is enabled on digital twins, not on IoT resources directly. Trust structures programmed as smart contracts are the ones that manage access to digital twins. Consequently, IoT resources are not exposed to third parties, and access security breaches can be prevented. Blockchain has been used to validate digital twins and store their configuration. The research presented in this paper enables multitenant access and customization of data streaming views and abstracts the complexity of data access management. This approach provides access and configuration security and data privacy protection.Comment: Reference: Mayra, Samaniego and Ralph, Deters. 2023. Digital Twins and Blockchain for IoT Management. In The 5th ACM International Symposium on Blockchain and Secure Critical Infrastructure (BSCI '23), July 10-14, 2023, Melbourne, VIC, Australia. ACM, New York, NY, USA, 11 pages. https://doi.org/10.1145/3594556.359461

Digital Twins and Blockchain for IoT Management

We live in a data-driven world powered by sensors getting data from anywhere at any time. This advancement is possible thanks to the Internet of Things (IoT). IoT embeds common physical objects with heterogeneous sensing, actuating, and communication capabilities to collect data from the environment and people. These objects are generally known as things and exchange data with other things, entities, computational processes, and systems over the internet. Consequently, a web of devices and computational processes emerges involving billions of entities collecting, processing, and sharing data. As a result, we now have an internet of entities/things that process and produce data, an ever-growing volume that can easily exceed petabytes. Therefore, there is a need for novel management approaches to handle the previously unheard number of IoT devices, processes, and data streams. This dissertation focuses on solutions for IoT management using decentralized technologies. A massive number of IoT devices interact with software and hardware components and are owned by different people. Therefore, there is a need for decentralized management. Blockchain is a capable and promising distributed ledger technology with features to support decentralized systems with large numbers of devices. People should not have to interact with these devices or data streams directly. Therefore, there is a need to abstract access to these components. Digital twins are software artifacts that can abstract an object, a process, or a system to enable communication between the physical and digital worlds. Fog/edge computing is the alternative to the cloud to provide services with less latency. This research uses blockchain technology, digital twins, and fog/edge computing for IoT management. The systems developed in this dissertation enable configuration, self-management, zero-trust management, and data streaming view provisioning from a fog/edge layer. In this way, this massive number of things and the data they produce are managed through services distributed across nodes close to them, providing access and configuration security and privacy protection

Blockchain Value Creation Logics and Financial Returns

With its complexities and portfolio-nature, the advent of blockchain technology presents several use cases to stakeholders for business value appropriation and financial gains. This 3-essay dissertation focuses on three exemplars and research approaches to understanding the value creation logics of blockchain technology for financial gains. The first essay is a conceptual piece that explores five main affordances of blockchain technology and how these can be actualized and assimilated for business value. Based on the analysis of literature findings, an Affordance-Experimentation-Actualization-Assimilation (AEAA) model is proposed. The model suggests five affordance-to-assimilation value chains and eight value interdependencies that firms can leverage to optimize their value creation and capture during blockchain technology implementation. The second essay empirically examines the financial returns of public firms\u27 blockchain adoption investments at the level of the three main blockchain archetypes (private-permissioned, public-permissioned and permissionless. Drawing upon Fichman\u27s model of the option value of innovative IT platform investments, the study examines business value creation through firm blockchain strategy (i.e., archetype instances, decentralization, and complementarity), learning (i.e., blockchain patents and event participation), and bandwagon effects using quarterly data of firm archetype investments from 2015 to 2020. The study\u27s propensity score matching utilization and fixed-effects modeling provide objective quantification of how blockchain adoption leads to increases in firm value (performance measured by Tobin\u27s q) at the archetype level (permissionless, public permissioned, and private permissioned). Surprisingly, a more decentralized archetype and a second different archetype implementation are associated with a lower Tobin\u27s q. In addition, IT-option proxy parameters such as blockchain patent originality, participation in blockchain events, and network externality positively impact firm performance, whereas the effect of blockchain patents is negative. As the foremost and more established use case of blockchain technology whose business value is accessed in either of the five affordances and exemplifies a permissionless archetype for financial gains, bitcoin cryptocurrency behavior is studied through the lens of opinion leaders on Twitter. The third essay this relationship understands the hourly price returns and volatility shocks that sentiments from opinion leaders generate and vice-versa. With a dynamic opinion leader identification strategy, lexicon and rule-based sentiment analytics, I extract sentiments of the top ten per cent bitcoin opinion leaders\u27 tweets. Controlling for various economic indices and contextual factors, the study estimates a vector autoregression model (VAR) and finds that finds that Bitcoin return granger cause Polarity but the influence of sentiment subjectivity is marginal and only stronger on bitcoin price volatility. Several key implications for blockchain practitioners and financial stakeholders and suggestions for future research are discussed