Internet of Things in Blockchain Ecosystem from Organizational and Business Management Perspectives

Abstract

This chapter focuses on Internet of Things (IoT) in blockchain ecosystems. IoT is a technological paradigm that bridges physical and digital worlds over a global network. There are a number of major challenges such as privacy and security. Blockchain can be a solution to these problems. In the literature, the subject is mostly discussed from technical and technological points of view. In this chapter, the topic is examined in a comprehensive manner including organization and business management perspectives. The chapter will begin with a comprehensive overview of IoT. Key features, different perspectives, developments and challenges about IoT will be described. The next section, blockchain based IoT as a solution to major challenges of IoT, will be explained. The relationship between IoT and blockchain will be described. Advantages of using blockchain for IoT, areas of usage, barriers and recommendations will be presented. Section 3.4 will be on its impact over businesses. Section 3.5 is devoted to emerging trends and future areas for research. The last section will conclude the chapter. Through the publication of this chapter, it is intended to be contributed to the literature on the Internet of Things and blockchain ecosystems. The chapter is expected to foster the research activities on the subject integrating organization and business management studies.