Blockchain Platform to Resolve Security Issues in IoT and Smart Networks

Blockchain Platform to Resolve Security Issues in IoT and Smart Networks

Pawan Whig, Arun Velu, Rahul Reddy Nadikattu
DOI: 10.4018/978-1-6684-4176-3.ch003
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Abstract

IoT provided a unified operating picture across a wide range of modern-day applications. The operating image is accomplished thanks to improvements in wireless sensor network devices that can interact over a network, exchanging data and executing various analyses. The only way to share information and authenticate data in the internet of things is through a central server, which raises security and privacy problems. Device spoofing, incorrect authentication, and a lack of data exchange dependability are all possibilities. A central server idea is abolished, and blockchain technology is used as part of IoT to solve such security and privacy problems. This chapter examines the potential security and privacy concerns associated with component interaction in the internet of things, as well as how the distributed ledger-based blockchain technology might help. Here, in this chapter, the authors discuss the application of BC to certain areas and categories. Various IoT and IoT with BC problems were also highlighted in order to better comprehend blockchain technology's role.
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Introduction

Nearly every chief information officer's list of game-changing technologies set to change sectors includes block chain and artificial intelligence (AI) (Whig et al., 2022). Both technologies have a lot of advantages, but they also have their own set of obstacles when it comes to adoption. It's also fair to argue that the excitement around each of these technologies is unparalleled, so some may see the idea of combining these two elements as creating a contemporary day type of IT fairy dirt. All together, there is rational and pragmatic approach to think about this mash-up (Anand et al., 2022).

AI is currently, for all intents and purposes, a centralised process. In order to achieve a dependable business output, an end operator necessity has total faith in the central specialist. By decentralizing the three fundamental components of AI statistics replicas can provide the trust and confidence that end users require to fully adopt and rely on AI-based business operations. Though, all have struggled to instill trust in their passionate but skeptical users. How can a business reassure its consumers that its machine learning has not pushed far off? (Jiwani et al., 2021)

Consider if such AI solutions could provide a “investigative report” that was certified by a second party and having you, without a certainty, when and how companies are using your information after it has been digested. Consider that your data could only be utilised if you provided consent (Alkali et al., 2022).

A blockchain record may be secondhand as a privileges organization scheme, agreeing you to “licensed” personal data to the AI breadwinner based on your footings, requirements, and timescale. The blockchain would function as an access organization system, storage evidence and permits that allow a firm to acquire and utilise a operator's statistics (Chopra & WHIG, 2022a).

Reflect how blockchain technology may be used to provide trustworthy data and provenance for machine learning training models. In this example, we've devised a make-believe mechanism to determine which fruit it is (Madhu & WHIG, 2022).

This issue system that we create is referred to as a perfect, and it is shaped through with a procedure named as exercise. Objective of exercise is to develop an precise perfect that most of the time answers our questions accurately. Of course, we need data to train a model on, which in this case might will be the color along with the sweetness of fruit (Chopra & Whig, 2022).

You may examine an review trail of the indication that led to the prediction of why a certain fruit is categorised as an apple against an carroty using blockchain, as well as trace the provenance of the training data. If apples are the more expensive of the two fruits, a company can show that it isn't “juicing up” its books by labelling produce as apples more often (Chopra & WHIG, 2022b).

The European Union has passed legislation mandating that any decision made by a computer be easily explainable, or face fines of billions of euros. The Overall Data Defense Rule, which went into power in 2018, stretches a correct to an explanations of algorithm choices, as well as the option to opting from some algorithm findings completely (WHIG, 2022).

Key Terms in this Chapter

Smart Contracts: A smart contract is a computer program or a transaction protocol which is intended to automatically execute, control or document legally.

Bitcoin: Bitcoin (?) is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network.

Machine Learning: Machine learning is a branch of artificial intelligence (AI) and computer science which focuses on the use of data and algorithms to imitate the way that humans learn, gradually improving its accuracy.

Ethereum: Ethereum is a technology that's home to digital money, global payments, and applications.

NFT: NFT, known as non-fungible tokens (NFTs), these cryptographic assets are based on blockchain technology and have unique identification codes and metadata that set them apart from each other.

Big Data: Big data is a combination of structured, semi structured, and unstructured data collected by organizations that can be mined for information and used in machine learning projects, predictive modeling, and other advanced analytics applications.

IoT: The term IoT, or Internet of Things, refers to the collective network of connected devices and the technology that facilitates communication between devices and the cloud, as well as between the devices themselves.

Crypto: A cryptocurrency is an encrypted data string that denotes a unit of currency.

Holochain: Holochain is an eco-aware peer-to-peer network.

Blockchain: A blockchain platform allows users and developers to create novel uses of an existing blockchain infrastructure.

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