Year: 2024
Type: article
Abstract: Blockchain is a decentralized electronic account book that is secure, open, and impervious to manipulation, and records transactions across numerous computers. Internet of Things (IoT) deployed sensors are limited in bandwidth, processing power, and battery life. Energy efficiency is a vital factor and a decisive matter for energy-bound IoT-based networks. This paper provides an idea of the working principle of blockchain technology in IoT-enabled energy systems. It investigates the fundamentals of blockchain technology, clarifying its decentralized nature, cryptographic mechanisms, and consensus algorithms that ensure data immutability and transparency. It explores how blockchain technology can be integrated with various IoT fields for energy efficiency. The paper investigates the blockchain-based energy consumption approaches in IoT qualitatively, and quantitatively with future research directions and challenges. It is seen that the hybrid blockchain model is suitable for energy efficiency in IoT.
Source: Scientific Reports
Authors: Sk Md. Habibullah, Sahabul Alam, Shivnath Ghosh, Arindam Dey, Anurag De
Institutions: Panskura Banamali College, Brainware University, VIT-AP University
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: gold
Estimated APC paid: $2,590
OpenAlex ID: W4404355073