Critical Concerns of Deploying Blockchain in Internet of Things Applications

Abstract

The Internet of Things (IoT) and blockchain are both recognized as cutting-edge, popular technologies. In contrast to IoT, which pertains to the spread of linked equipment via supplying information over the Internet, blockchain offers innovative data storage and management avenues. Even as blockchain demands real-time data application and IoT specifies mechanisms to securely store and handle data overflows, a combination of the two seems promising. Blockchain, a technology created with the cryptocurrency Bitcoin, could meet the needs of the IoT. However, combining blockchain with the IoT might present a multitude of issues due to the features of blockchain and IoT technology. Although many articles have been released on the blockchain and the IoT, the concerns with this combination are still vague and dispersed. In light of this, this study seeks to give an overview of the problems that have the biggest impact on blockchain-based IoT by reviewing the pertinent peer-reviewed articles. This article also addresses some suggestions for lessening the impact of these concerns. The study considered peer-reviewed articles published within the last five years, focusing on topics related to blockchain and IoT integration. We identified 44 articles for this review. The study's significance is that it not only expands the scholarly understanding of this complex intersection between blockchain and IoT but also provides actionable insights that can drive innovation and enhance the reliability and security of IoT ecosystems in practical settings.