Blockchain – A Deployment Mechanism for IoT Based Security

Abstract

Implementation of IoT domain invites tremendous attacking opportunities which demands end to – end security mechanism. Applications related to the domain of IoT varies from critical applications to normal business-oriented applications like Intelligent Transportation Systems, Smart Grid, Video Surveillance, Banking, Logistics, Insurance etc. A special support in terms of security must be required for critical applications as well as normal business applications. Large amount of security mechanisms implemented time to time. Blockchain technology proves to be useful in providing security to several applications based on IoT by following defense – in – depth or castle approach. Blockchain can be defined as a database for storing processed data in a sequential manner. Such data has been shared among participating users. Information can be stored on a public ledger which can’t be updated. Every device in the corresponding network must retain the same ledger. Through the medium of this paper, we try to highlight importance of Blockchain Mechanism in IoT environment and also point out that the concept of Blockchain mechanism is only concerned with security.