Utilizing Blockchain and Distributed Storage to Enhance Security and Privacy in the IoT Ecosystem

Md Mamunur Rashid, Piljoo Choi, Suk-Hwan Lee, Kyung Youn Kim, Ki-Ryong Kwon

Abstract: Blockchain and Internet of Things (IoT) have become one of the most researched topics in recent years. The application areas of both these fields are quite broad and one can complement the other in bringing in the best possible outcome. Keeping that in mind, this paper proposed how Blockchain can be utilized to provide a more secure and improved IoT ecosystem where the components of the ecosystem will be more protected and less susceptible to unwanted intrusions. We also considered using InterPlanetary File System (IPFS) and Hyperledger Fabric as a means of IoT data storage, which can ensure better protection compared to centralized cloud storage. We have also utilized Ethereum Smart Contracts (SC) for Proof of Concept deployment of our model. The experimental outcome as well as the cost and security analysis of our deployed Smart Contracts suggest that it is more beneficial to use Blockchain and distributed storage systems to safeguard the IoT ecosystem and its data.