Developing a Systematic Blockchain System for Security and Privacy Management in Iot

Abstract

Presently, BlockChain (BC) gained significant interest because of its undeniable nature and related advantages of security and privacy, BC has the power to resolve the limitations of Internet of Things(IoT) such as data protection and privacy. At the same time, BC has high computation complexity, restricted scalability, high bandwidth overhead and latency that is unsuitable to IoT. In this paper, efficient Lightweight integrated Blockchain (ELIB) model is developed to meet necessitates of IoT. The presented model is deployed in a smart home environment as an important illustration to verify its applicability in various IoT scenarios. The resource constrained resources in a smart home takes the advantages from a centralized manager which generates shared keys to transmit data, process every incoming and outgoing requests. The presented ELIB model generates an overlay network where highly equipped resources can merges to a public BC which verifies dedicated security and privacy. A set of three optimizations are carried out in the presented ELIB model include lightweight consensus algorithm, certificate ess (CC) cryptography and Distributed Throughput Management (DTM) scheme. A detailed simulation takes place under different scenarios in terms of processing time, energy usage and overhead. The ELIB attains a total of 50% saving in processing time on comparing to baseline method with the minimum energy consumption of 0.07mJ. The obtained experimental outcome indicated that the ELIB shows maximum performance under several evaluation parameters.