Blockchains for Internet of Things: Fundamentals, Applications, and Challenges

arXiv:2405.04803v1 Announce Type: new
Abstract: Internet of Things (IoT) services necessitate the storage, transmission, and analysis of diverse data for inference, autonomy, and control. Blockchains, with their inherent properties of decentralization and security, offer efficient database solutions for these devices through consensus-based data sharing. However, it's essential to recognize that not every blockchain system is suitable for specific IoT applications, and some might be more beneficial when excluded with privacy concerns. For example, public blockchains are not suitable for storing …

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