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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.

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|April 30, 2021
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Summary
This summary is machine-generated.

Autonomous blockchain functionality is feasible on minimal Internet of Things (IoT) devices. This study defines the "Witness Protocol" to enable micro-blockchain operations on low-end IoT hardware, proving its viability.

Keywords:
IoT blockchainautonomous blockchainmicro-blockchainmicrocontroller blockchainpeer IoT networkssmart dust blockchain

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Area of Science:

  • Computer Science
  • Electrical Engineering
  • Cybersecurity

Background:

  • The Internet of Things (IoT) ecosystem presents unique challenges for implementing deep blockchain operations at a micro-scale.
  • Integrating blockchain mechanisms onto minimal IoT elements like smart switches and sensors pushes the boundaries of current blockchain engineering.
  • Understanding the minimum requirements for autonomous blockchain functionality in resource-constrained environments is crucial for future IoT development.

Purpose of the Study:

  • To investigate the essential minimum functionality of autonomous blockchains for micro-scale IoT applications.
  • To determine the minimum hardware and software requirements for supporting these micro-scale autonomous blockchains.
  • To explore the feasibility of deep-blockchain operations within the lower-level activities of the IoT ecosystem.

Main Methods:

  • An experiment was designed using IoT micro-controllers to test the feasibility of micro-blockchain functionality.
  • The "Witness Protocol" was defined to establish the minimum essential micro-blockchain functionality.
  • The protocol was deployed on a peer-to-peer, ad-hoc, autonomous network of real-life IoT micro-devices and evaluated.

Main Results:

  • The experiment demonstrated that fully autonomous, private micro-blockchain networks are feasible on existing low-end IoT devices.
  • Benchmarking evaluated computational needs, efficiency, and collective resistance against malicious attacks.
  • Findings indicate that blockchain engineering can be effectively pushed to its limits on minimal IoT elements.

Conclusions:

  • Autonomous blockchain networks are achievable in the 'smart dust' world, leveraging the capabilities of existing low-end IoT devices.
  • The "Witness Protocol" successfully established minimum essential micro-blockchain functionality for autonomous IoT networks.
  • The study provides intriguing insights into the practical application of blockchain technology in highly distributed, resource-constrained environments.