Hierarchically Authorized Transactions for Massive Internet-of-Things Data Sharing Based on Multilayer Blockchain

Abstract

With the arrival of the Internet of Things (IoT) era and the rise of Big Data, cloud computing, and similar technologies, data resources are becoming increasingly valuable. Organizations and users can perform all kinds of processing and analysis on the basis of massive IoT data, thus adding to their value. However, this is based on data-sharing transactions, and most existing work focuses on one aspect of data transactions, such as convenience, privacy protection, and auditing. In this paper, a data-sharing-transaction application based on blockchain technology is proposed, which comprehensively considers various types of performance, provides an efficient consistency mechanism, improves transaction verification, realizes high-performance concurrency, and has tamperproof functions. Experiments were designed to analyze the functions and storage of the proposed system.