Governance of a Blockchain-Enabled IoT Ecosystem: A Variable Geometry Approach

Area of Science:

• Computer Science
• Information Technology
• Cybersecurity

Background:

• The Internet of Things (IoT) is expanding rapidly, increasing interest in integrating blockchain technology.
• Blockchain integration into IoT (blockchain-IoT systems) enhances security, transparency, trust, and privacy.
• Key application domains include smart logistics, smart health, and smart cities.

Purpose of the Study:

• To address the absence of a dedicated governance framework for blockchain-IoT systems.
• To explore the significance of blockchain in governance and develop tailored blockchain governance.
• To propose a robust governance framework for the blockchain-enabled IoT ecosystem.

Main Methods:

• Literature review on blockchain and IoT governance.
• Analysis of existing governance challenges and potential solutions.
• Development and proposal of a novel governance framework for blockchain-IoT systems.
• Case study application in smart logistics.

Main Results:

• Identified the critical need for governance in blockchain-IoT systems to prevent misuse (e.g., fraud, ransomware).
• Elucidated the role of blockchain within governance mechanisms.
• Proposed a comprehensive governance framework tailored for blockchain-enabled IoT.

Conclusions:

• A dedicated governance framework is imperative for the responsible adoption and utilization of blockchain-IoT systems.
• The proposed framework aims to foster secure and trustworthy IoT landscapes.
• Implementation of regulations and standardization is key to leveraging blockchain-IoT potential and preventing malicious activities.