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Blockchain Technology for Smartphones and Constrained IoT Devices: A Future Perspective and Implementation

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

Details

Original languageEnglish
Title of host publication21st IEEE Conference on Business Informatics, CBI 2019
EditorsJorg Becker, Oscar Pastor, Elena Kornyshova, V. O. Korepanov, Olga A. Tsukanova, Judith Barrios Albornoz, D. Fedyanin, V.N. Burkov, Dmitry M. Nazarov, Dmitriy Novikov, Raisa Uskenbaeva, A V. Shchepkin
PublisherIEEE
Pages20-27
Number of pages8
ISBN (Electronic)9781728106502
DOIs
Publication statusPublished - 1 Jul 2019
Publication typeA4 Article in a conference publication
EventIEEE Conference on Business Informatics - Moscow, Russian Federation
Duration: 15 Jul 201917 Jul 2019

Conference

ConferenceIEEE Conference on Business Informatics
CountryRussian Federation
CityMoscow
Period15/07/1917/07/19

Abstract

The blockchain technology is currently penetrating different sides of modern ICT community. Most of the devices involved in blockchain-related processes are specially designed targeting only the mining aspect. At the same time, the use of wearable and mobile devices may also become a part of blockchain operation, especially during the charging time. The paper considers the possibility of using a large number of constrained devices supporting the operation of the blockchain. The utilization of such devices is expected to improve the efficiency of the system and also to attract a more substantial number of users. Authors propose a novel consensus algorithm based on a combination of Proof-of-Work (PoW), Proof-of-Activity (PoA), and Proof-of-Stake (PoS). The paper first overviews the existing strategies and further describes the developed cryptographic primitives used to build a blockchain involving mobile devices. A brief numerical evaluation of the designed system is also provided in the paper.