Cited by 4,552Blockchain Technology Applications and SecurityBlockchain Technology in Education and LearningIoT and Edge/Fog Computing

The DOI matches its Crossref record; 19 of the 21 references it cites were found in a registry or an index.

Blockchains and Smart Contracts for the Internet of Things

Open access

Abstract

Motivated by the recent explosion of interest around blockchains, we examine whether they make a good fit for the Internet of Things (IoT) sector. Blockchains allow us to have a distributed peer-to-peer network where non-trusting members can interact with each other without a trusted intermediary, in a verifiable manner. We review how this mechanism works and also look into smart contracts-scripts that reside on the blockchain that allow for the automation of multi-step processes. We then move into the IoT domain, and describe how a blockchain-IoT combination: 1) facilitates the sharing of services and resources leading to the creation of a marketplace of services between devices and 2) allows us to automate in a cryptographically verifiable manner several existing, time-consuming workflows. We also point out certain issues that should be considered before the deployment of a blockchain network in an IoT setting: from transactional privacy to the expected value of the digitized assets traded on the network. Wherever applicable, we identify solutions and workarounds. Our conclusion is that the blockchain-IoT combination is powerful and can cause significant transformations across several industries, paving the way for new business models and novel, distributed applications.

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Registry

Crossref · 10.1109/access.2016.2566339

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Show all 21 references

2 of the 21 references couldn’t be matched to a known paper.

Research works printed but not linked: 71

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Metadata

Authors
Christidis, K., & Devetsikiotis, M.
Affiliations
North Carolina State University (US)
Venue
IEEE Access
Published
2016
Volume
4
Pages
2292-2303
ISSN
2169-3536 (ISSN-L)
OpenAlex
W2392113277
Cited by
4,552
References
21
Citations by year
2026: 263 · 2025: 426 · 2024: 411 · 2023: 456 · 2022: 496 · 2021: 629 · 2020: 697 · 2019: 654 · 2018: 391 · 2017: 124 · 2016: 5
FWCI
872.64
Type
journal article
Language
en
Open access
Locations
  • IEEE Access (publishedVersion)
  • DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion, cc-by-sa)
Topics
  • Physical Sciences › Computer Science › Information Systems › Blockchain Technology Applications and Security
  • Physical Sciences › Computer Science › Information Systems › Blockchain Technology in Education and Learning
  • Physical Sciences › Computer Science › Computer Networks and Communications › IoT and Edge/Fog Computing
Keywords
blockchain, smart contracts, Internet of Things, peer-to-peer networks, service market, resource sharing, workflow automation, distributed applications, business models

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