Currently, it seems like research activities in IoT and blockchain are happening distinctly. Can there be any scope to unite these technologies as a comprehensive solution for managing operational/supply chain risks in industries?
Or is there any research evidence that integrates the above technologies for any other objective other than risk management?
The mentioned problem is currently gained lots of attention; you should expect to see actual working products in less than two years. Some major companies are investing in the mentioned field.
Dear Vishnu C Rajan,
I would like to refer to a long list of new scientific articles on Blockchain (BC), published in 2018; see the addresses:
- https://blockchainlibrary.org/2018/06/new-blockchain-cryptocurrency-bitcoin-and-ethereum-publications-for-2018/
In the IoT, BC can be used primarily in SDN-based Service Function Chaining to block (D)DoS attacks. See for example the addresses:
- https://www.gta.ufrj.br/ftp/gta/TechReports/ARD18.pdf
- https://ieeexplore.ieee.org/abstract/document/7973745
- https://www.sdxcentral.com/articles/contributed/future-blockchain-enabled-sd-wan/2017/11/
- https://www.researchgate.net/publication/320122209_A_Software_Defined_Fog_Node_based_Distributed_Blockchain_Cloud_Architecture_for_IoT
- https://ieeexplore.ieee.org/stamp/stamp.jsp?arnumber=8030491
In a similar way - as with SDN-based service-function chaining - BC can also be used in other areas (e.g., management / control of production chains).
Best regards
Anatol Badach
In my opinion in the two can be united within the area of big data analytics and cyber security.
1. Big data analytics
Massive data is produced for every virtual coin mined through the block chain. These algorithm resulted in unexplored data. Where useful information can be digged in and explored. Whereas in IoT, the data being produced within the interconnection via the Internet of computing devices embedded in everyday objects, enabling them to send and receive data.
2. Cyber security
The security of the network is a standout research opportunities. In the blockchain the issue of double spending is not an issue, although it is widely debatable. Whereas in IoT, security of the network is vulnerable as it integrate many aspect of the network. Hence, applying a similar cyber security and risk management aspect will be an interesting topic.
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