Creating Efficient Blockchains for the Internet of Things by Coordinated Satellite-Terrestrial Networks

Abstract: Blockchain has emerged as a promising technology that can guarantee data consistency and integrity among distributed participants. It has been used in many applications of the Internet of Things (IoT). However, since IoT applications often introduce a massive number of devices into blockchain systems, the efficiency of the blockchain becomes a serious problem. In this article, we analyze the key factors affecting the efficiency of blockchain. Unlike most existing solutions that handle this from the computing perspective, we consider the problem from the communication perspective. Particularly, we propose a coordinated satellite-terrestrial network to create efficient blockchains. We also derive a network scheduling strategy for the proposed architecture. Simulation results demonstrate that the proposed system can support blockchains for higher efficiency. Moreover, several open research issues and design challenges will be discussed.