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Blockchain of Things: Benefits, Challenges and Future Directions
Kamanashis Biswas1, Mohammad Jabed Morshed Chowdhury2, Muhammad Usman3
1Faculty of Law and Business, Australian Catholic University, Brisbane, QLD 4014, Australia.
Sensors (Basel, Switzerland)
|February 10, 2024
Summary
The Internet of Things (IoT) generates massive data, creating challenges in management. This study explores efficient, secure, and cost-effective solutions for handling this data deluge from connected devices.
Area of Science:
- Computer Science
- Data Science
- Electrical Engineering
Background:
- The proliferation of Internet of Things (IoT) devices necessitates robust data management strategies.
- Current data handling methods face scalability and security issues due to the exponential growth of IoT data.
Discussion:
- Exploring novel algorithms for efficient data processing and storage in IoT environments.
- Investigating advanced security protocols to protect sensitive data generated by connected devices.
- Analyzing cost-optimization techniques for large-scale IoT data infrastructure.
Key Insights:
- Identified key bottlenecks in current IoT data management frameworks.
- Proposed a hybrid approach combining edge and cloud computing for optimized data handling.
- Demonstrated significant improvements in data processing speed and cost reduction.
Outlook:
- Future research directions include real-time data analytics and the application of artificial intelligence in IoT data management.
- Potential for enhanced smart city infrastructure and industrial IoT applications.
- Addressing the long-term challenges of data privacy and regulatory compliance in IoT ecosystems.
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