Blockchain as an IoT intermediary (2112.08371v1)

Abstract: Blockchain technology provides a private, secure, transparent decentralized exchange of data. Also, blockchain is not limited to a particular area, but it has a wide range of applications and can be integrated into a variety of Internet interactive systems. For example, the Internet of Things (IoT), supply chain tracking, Electronic Health Records (EHR), digital forensics, identity management, trustless payments, and other key business elements will all benefit from its implementation. Next layer solutions such as Ethereum 2.0, Polkadot, Cardano, and other Web 3.0 technologies provide developers versatility. Moreover, these platforms utilize smart contracts which are similar to standard, traditionalized software during development but offer key utilities to end-users such as online wallets, secure data with transparent rules. Blockchain is receiving a lot of attention in educational technology (EduTech) as it aims to achieve a more transparent and multipurpose educational system. In addition to smart contract technology which defines how data should be registered, gathered and processed, blockchain can be used as an IoT intermediary for mobile usage. Therefore, we implemented an educational learning platform powered by blockchain technology to examine feasibility in industry and academic environment. In essence, this is a web application which is adapted to mobile platform and connected to blockchain for crucial data exchanges. In this paper we want to emphasize the potential of blockchain technology in multiple sectors as well as the need to really understand the underlying principles which are allowing disruptability of traditional centralized software solutions.