Research on a suitable blockchain for IoT platform

Abstract

This paper studies and explores a suitable blockchain solution for the IoT platform, enabling the platform user and physical devices or the virtual devices to participate in and make data or service transaction. We research on suitable blockchain-related technologies in use; consider the advantages when using blockchain to improve IoT platform’s ability, efficiency, and security, based on the different existing blockchain consensus; benchmark the performance in the IoT scenario; and make a comprehensive discuss.