Using blockchains to strengthen the security of internet of things

Abstract

Blockchain is a distributed ledger technology that became popular as the foundational block of the Bitcoin cryptocurrency. Over the past few years it has seen a rapid growth, both in terms of research and commercial usage. Due to its decentralized nature and its inherent use of cryptography, Blockchain provides an elegant solution to the Byzantine Generals Problem and is thus a good candidate for use in areas that require a decentralized consensus among untrusted peers, eliminating the need for a central authority. Internet of Things is a technology paradigm where a multitude of small devices, including sensors, actuators and RFID tags, are interconnected via a common communications medium to enable a whole new range of tasks and applications. However, existing IoT installations are often vulnerable and prone to security and privacy concerns. This paper studies the use of Blockchain to strengthen the security of IoT networks through a resilient, decentralized mechanism for the connected home that enhances the network self-defense by safeguarding critical security-related data. This mechanism is developed as part of the Safe-Guarding Home IoT Environments with Personalised Real-time Risk Control (GHOST) project.