Internet of things (IoT) is growing at a phenomenal speed and outpacing all the technological revolutions that occurred in the past. Together with window of opportunity it also poses quite a few challenges. One of the most important and unresolved challenge is vulnerability in security and privacy in IoT. This is mainly due to lack of a global decentralized standard even though characteristically IoT is based on distributed systems. Due to lack of standard IoT has interoperability issue between different devices and platform suppliers which implicitly creates need of reliance on the suppliers as they store and control user data. There is no decentralized industry wide solution which can offer the control of user data and security back to the user. While experts in IoT are still wondering on solving the challenge, a new Block chain technology has surfaced in past few years and showed signs of disruptive innovation in financial industry. This technology is decentralized, secure and private. Let alone information, block chain innovation has proven to keep assets secure. Recently few forms of block chains have emerged. This research will focus on analyzing the innovative block chain technology, their characteristics specifically the types of block chain to address the privacy and security challenges of IoT. Research proposes a new concept of hybrid block chain as a solution to IoT security and privacy problem.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:kth-209682 |
| Date | January 2017 |
| Creators | Manocha, Jitendra |
| Publisher | KTH, Industriell Marknadsföring och Entreprenörskap |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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