BLOCKCHAIN IN IoT AND PROJECT MANAGEMENT

Abstract

Blockchain technology establishes an ecosystem in IoT that is creditworthy among the participants for high-security requirements. However, there has not been comprehensive researches done on the blockchain in IoT nor its application potential in Project management. The objectives of this research are to investigate the role of blockchain in IoT and to identify prospective applications of blockchain technology in project management. Both IoT and project management require the secured data transmission and effective yet efficient data management. The blockchain-based technology can be applied in the areas of IoT and project management because it can provide immutability, transparency between users in a complex system. This research needs to be extended to build a prototype open-source blockchain-based project management application.