Development, Service-Oriented Architecture, and Security of Blockchain Technology for Industry 4.0 IoT Application

Abstract

The Internet of Things (IoT) paradigm is laying the groundwork for a world in which many of our everyday devices will be connected and will interact with their surroundings to gather data and automate some operations. Among other things, such a concept necessitates seamless authentication, data privacy, security, attack resilience, simplicity of deployment, and self-maintenance. Blockchain, a technology created with the Bitcoin cryptocurrency, can provide such advantages. To create blockchain-based IoT (BIoT) applications, a full discussion of how to modify blockchain to meet the unique requirements of IoT is offered in this paper. The most important BIoT applications are detailed after a brief introduction to blockchain, with the goal of highlighting how blockchain can affect conventional cloud-based IoT applications. Then, several factors that have an impact on the design, development, and deployment of a BIoT application are covered, along with present obstacles and potential improvements. Lastly, a list of recommendations is provided to help future BIoT researchers and developers understand some of the problems that need to be solved before deploying the upcoming generation of BIoT applications.