International Workshop on Blockchain in IoT (BCIoT)
InfoSec Conference Summary
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Billions of smart devices will be available in digital world due the advancement of the Internet of Things (IoT). However, it also would create serious security, privacy, and connectivity service provisioning and data storage challenges. The current centralized architecture models in IoT systems will struggle to scale up to meet the demands of future IoT systems. To solve these issues, the decentralized and consensus-driven Blockchain and the combination of cryptographic processes behind it can offer an intriguing alternative.
For some people, the blockchain technology underlying Bitcoin and Ethereum is seen as the most important innovation since the Internet and even of this century. However, it is still in its infancy. Moreover, the combination with IoT still requires essential insights with respect to concrete application domains, scalability, privacy issues, performance, and potential financial benefits.
Blockchain will enable IoT devices to send data to private blockchain ledgers for inclusion in shared transactions with tamper-resistant records. The distributed replication of Blockchain enables vertical industries and various IoT data users to access and supply IoT data without the need for central control and management. All stakeholders in the IoT eco system can verify each transaction, preventing disputes and ensuring each user is held accountable for their individual roles in the overall transaction. Thus, Blockchain holds the potential to securely unlock the business and operational value of IoT systems to support common tasks, such as sensing, processing, storing information, and communicating.
This workshop open a forum to present the recent research work related to blockchain based applications in all types of IoT domains, e.g. smart home, smart cities, smart grid, e-health, logistics etc. Moreover, reserach on other aspects inherently present in blockchain based systems, like smart contracts, threat and attack models, and incentive mechanisms are also invited in the workshop.