The new blockchain protocol developed by Prof Das is energy-efficient and can be easily combined with lightweight IoT devices
An innovative version of blockchain technology has now been developed by the researchers at the Indian Institute of Technology Jodhpur (IIT Jodhpur), which is considered to be both time-saving and energy efficient. Apart from this, the application of this technology will offer a secure communication in all the IoT networks.
The researchers have stated that IoT is now paragon that would transform the way people lives. As the colossal number of smart devices are now communicating with each other via embedded sensors, technologies and software, the IoT podium will allow integration of data for seamless functioning of smart transportation, smart cities, smart industries, and smart homes. It added that the security of IoT is now an urgent need of the hour for both the providers and users as huge number of imperative will be passes and collected through this dais.
In order to craft these podiums more secure, the researchers at the university suggested the utilization of blockchain technology. It is a technology that is being deployed for the effective means of securing digital transactions of cryptocurrencies such as Bitcoin, and Ethereum. Nonetheless, the major impediments that restricts blockchain’s use for IoT platforms are energy efficiency and time delays.
Debasis Das, assistant professor, Department of Computer Science and Engineering, IIT Jodhpur, said, “Blockchain is one of the technologies that can resolve the security issues of the IoT networks. It is a scalable, distributed, transparent, and tamper-proof ledger that keeps uniform records of information at varying locations and can deal with IoT networks’ information security affairs. Decentralization, integrity, and anonymity are the prominent characteristics of blockchain that increase IoT applications’ integrity and improve IoT security.”
"The blockchain protocol devised by the research team is an improvised version of an existing blockchain protocol-Bitcoin-NG. While Bitcoin-NG protocol is a significant improvement over the currently used Bitcoin protocol in terms of time efficiency, however, it requires high computational power and is energy-intensive,” added Das.
