IoT Data Privacy via Blockchains and IPFS

Blockchain, the underlying technology of cryptocurrency networks like Bitcoin, can prove to be essential towards realizing the vision of a decentralized, secure, and open Internet of Things (IoT) revolution. There is a growing interest in many research groups towards leveraging blockchains to provide IoT data privacy without the need for a centralized data access model. This paper aims to propose a decentralized access model for IoT data, using a network architecture that we call a modular consortium architecture for IoT and blockchains. The proposed architecture facilitates IoT communications on top of a software stack of blockchains and peer-to-peer data storage mechanisms. The architecture is aimed to have privacy built into it, and to be adaptable for various IoT use cases. To understand the feasibility and deployment considerations for implementing the proposed architecture, we conduct performance analysis of existing blockchain development platforms, Ethereum and Monax