Choosing a Consensus Mechanism for a Blockchain Based P2P Instant Transaction System Integrated with IoT

2021 International Conference on Communication, Control and Information Sciences (ICCISc 2021): Proceedings 2021
Vadims Zīlnieks

The Internet of Things (IoT) will play a significant role in the future market of services. Services require payments. Payments must be confirmed as fast as possible to protect customers and merchants. Integration of IoT to peer-to-peer networks provides a need for choosing an appropriate consensus mechanism and other ways to make transactions faster without losing the required level of security. As security of modern blockchain projects is controlled by decentralized applications like smart contracts, reviewed protocols are supporting this technology.

Keywords
blockchain | consensus | ethereum | IoT | P2P | proof-of-stake | sidechain | smart contract
DOI
10.1109/ICCISc52257.2021.9485007
Hyperlink
https://ieeexplore.ieee.org/document/9485007

Zīlnieks, V. Choosing a Consensus Mechanism for a Blockchain Based P2P Instant Transaction System Integrated with IoT. In: 2021 International Conference on Communication, Control and Information Sciences (ICCISc 2021): Proceedings, India, Idukki, 16-18 June, 2021. Piscataway: IEEE, 2021, pp.306-311. ISBN 978-1-6654-3128-6. e-ISBN 978-1-6654-0295-8. Available from: doi:10.1109/ICCISc52257.2021.9485007

Publication language
English (en)