On the Consensus Mechanisms of Blockchain/DLT for Internet of Things

Qingqiang He, Nan Guan, Mingsong Lv, Wang Yi

Research output: Chapter in book / Conference proceedingConference article published in proceeding or bookAcademic researchpeer-review

13 Citations (Scopus)

Abstract

Internet of Things (IoT) has been experiencing exponential growth in recent years, but still faces many serious challenges. The distributed ledger technology (DLT), e.g., Blockchain, not only appears to be promising to address these technical challenges, but also brings tremendous opportunities for new application and business models. However, the convergence of IoT and DLT is yet a goal far beyond our reach today. Among many problems that have not been sufficiently understood, a fundamental one is how to design appropriate consensus mechanisms for DLT applied to IoT, which is the theme of this paper. We first discuss the potential benefits of applying DLT to IoT, and identify major challenges posed to DLT by IoT. Then we make a survey of existing DLT consensus mechanisms, to summarize major principles and discuss their pros and cons when applied in IoT.

Original languageEnglish
Title of host publication2018 IEEE 13th International Symposium on Industrial Embedded Systems, SIES 2018 - Proceedings
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Print)9781538641552
DOIs
Publication statusPublished - 20 Aug 2018
Event13th IEEE International Symposium on Industrial Embedded Systems, SIES 2018 - Graz, Austria
Duration: 6 Jun 20188 Jun 2018

Publication series

Name2018 IEEE 13th International Symposium on Industrial Embedded Systems, SIES 2018 - Proceedings

Conference

Conference13th IEEE International Symposium on Industrial Embedded Systems, SIES 2018
Country/TerritoryAustria
CityGraz
Period6/06/188/06/18

Keywords

  • Blockchain
  • Consensus Mechanism
  • Distributed Ledger Technology (DLT)
  • Internet of Things

ASJC Scopus subject areas

  • Computer Science Applications
  • Hardware and Architecture
  • Industrial and Manufacturing Engineering

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