Blockchain Of Things (BCoT) - PowerPoint PPT Presentation

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Blockchain Of Things (BCoT)

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Blockchain of things is the fusion of blockchain and the internet of things. BCoT is an important milestone in the blockchain technology that ensures the security of IoT controlled devices. The future really lies on IoT devices which makes our real-life environment a more technological environment. – PowerPoint PPT presentation

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Title: Blockchain Of Things (BCoT)


1
What is Blockchain Interoperability
blockchainexpert.uk
2
  • INTRODUCTION

Blockchain of things is the fusion of blockchain
and the internet of things. BCoT is an important
milestone in the blockchain technology that
ensures the security of IoT controlled devices.
The future really lies on IoT devices which makes
our real-life environment a more technological
environment. Blockchain of things comes up with
an idea of integrating the blockchain and IoT
altogether to make the undisputable tech combo.
The blockchain implementation in the IoT field
helps to record the important data as immutable
one. The blockchain of things is practically
possible in a bit technical way. The IoT devices
are simply sensors which are connected to a
Rasberry Pi module. So the role performed by
blockchain over IoT devices is the collection and
contamination of data generated by the IoT
sensors. The IoT sensors transmit data over the
HTTP/MQTT protocol to the Rasberry Pi. The
blockchain acts as the medium between these two
modules. The blockchain receives the sensor data
in JSON format and transmits the data to the
blockchain smart contract.
3
  • The smart contract push that data in the
    corresponding blockchain in JSON format. After
    data gets entered into the blockchain the data is
    passed to the Rasberry Pi.
  • The entire IoT enabled device data is getting
    transferred to the blockchain through MQTT
    protocol.
  • Advantages of BCoT
  • It makes IoT more efficient and error-free
  • It enables high-speed data entry with long time
    record-keeping
  • It filters the data in FIFO(First In First Out)
    order
  • Its makes IoT data tamper-free
  • The blockchain of things makes the IoT device and
    Rasberry Pi a trusted one and also helps the IoT
    devices to work in a convenient and safer way.
  • The IoT has unleashed large monetary benefits and
    also transformed human life. However, the lack of
    security measures has put an end to the
    developing trust for IoT technologies. Blockchain
    is a distributed ledger technology that allows
    data to stay tamper-free for a lifetime. So the
    term blockchain of things comes up to address the
    critical challenges faced by IoT. The integration
    makes a whole new world for the tech industry.
    The unalterable consensus mechanism of blockchain

4
  • Blockchain and Internet of Things (IoT), is
    considered as the two most rated developing
    innovations. So, IoT and blockchain are
    complementary to each other and solve the issue
    which both carries
  • The blockchain of things has been stared by 2014
    by blockchain and cryptocurrency experts with an
    idea of tackling the challenges faced by the IoT.
    The record-keeping facility of blockchain has
    been a great solution for IoT technology. The
    issues faced by the IoT can be easily solved by
    integrating it with blockchain. The limitation of
    the blockchain of things is given below.
  • Disadvantages of BCoT
  • Both techs are immature
  • Blockchain may be costly compared to normal
    database
  • The integration may slow the process of data
    readability
  • The entire system may act as a complicated
    circuit

5
  • Features of Blockchain Technology
  • Its an immutable ledger of data
  • Its tamper-free from any attacking
  • Its keeps the data in multiple systems as
    chronological chain
  • It can be public or private in nature
  • Its stores the data for a lifetime
  • Features IoT
  • Devices and sensors are interconnected
  • The data is transmitted through Rasberry Pi
  • The sensor transfer the data in simple JSON
    format
  • The data is processed by the single module called
    Rasberry Pi

6
The Blockchain of things is slowing moving
forward to become the future of technology.
Everyone is doing research on implementing the
blockchain and the IoT altogether into new
advanced technology. The integration can also
build an era of technological advancements and
automation, where all the devices are
interconnected as same as the internet. The data
generated by this technology will be much higher
compared to the existing technology, but it is
opening a pave to the next advanced generation.
The smart homes can be maid by simply integrating
all devices inside a household with the
blockchain of things. The smart home will detect
the presence of the house owner and activate all
sensors and act based on individual choice.
Blockchain will be an added advantage where all
the action of the house owner gets stored with
proof and its tamper-proof technology makes its
unique from the traditional cloud storage.
7
Read more Blockchain Of Things (BCoT)
8
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