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IoT Micro-Blockchain Fundamentals
Aristidis G Anagnostakis1, Nikolaos Giannakeas2, Markos G Tsipouras3
1Department of Accounting and Finance, University of Ioannina, GR48100 Preveza, Greece.
Abstract:
In this paper we investigate the essential minimum functionality of the autonomous blockchain, and the minimum hardware and software required to support it in the micro-scale in the IoT world. The application of deep-blockchain operation in the lower-level activity of the IoT ecosystem, is expected to bring profound clarity and constitutes a unique challenge. Setting up and operating bit-level blockchain mechanisms on minimal IoT elements like smart switches and active sensors, mandates pushing blockchain engineering to the limits. "How deep can blockchain actually go?" "Which is the minimum Thing of the IoT world that can actually deliver autonomous blockchain functionality?" To answer, an experiment based on IoT micro-controllers was set. The "Witness Protocol" was defined to set the minimum essential micro-blockchain functionality. The protocol was developed and installed on a peer, ad-hoc, autonomous network of casual, real-life IoT micro-devices. The setup was tested, benchmarked, and evaluated in terms of computational needs, efficiency, and collective resistance against malicious attacks. The leading considerations are highlighted, and the results of the experiment are presented. Findings are intriguing and prove that fully autonomous, private micro-blockchain networks are absolutely feasible in the smart dust world, utilizing the capacities of the existing low-end IoT devices.
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