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Distributed Ledger Technology and the Internet of Things: A Feasibility Study

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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Distributed Ledger Technology and the Internet of Things : A Feasibility Study. / Elsts, Atis; Mitskas, Efstathios; Oikonomou, George.

Proceedings of the 1st Workshop on Blockchain-enabled Networked Sensor Systems. Association for Computing Machinery (ACM), 2018. p. 7-12.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Harvard

Elsts, A, Mitskas, E & Oikonomou, G 2018, Distributed Ledger Technology and the Internet of Things: A Feasibility Study. in Proceedings of the 1st Workshop on Blockchain-enabled Networked Sensor Systems. Association for Computing Machinery (ACM), pp. 7-12. https://doi.org/10.1145/3282278.3282280

APA

Elsts, A., Mitskas, E., & Oikonomou, G. (2018). Distributed Ledger Technology and the Internet of Things: A Feasibility Study. In Proceedings of the 1st Workshop on Blockchain-enabled Networked Sensor Systems (pp. 7-12). Association for Computing Machinery (ACM). https://doi.org/10.1145/3282278.3282280

Vancouver

Elsts A, Mitskas E, Oikonomou G. Distributed Ledger Technology and the Internet of Things: A Feasibility Study. In Proceedings of the 1st Workshop on Blockchain-enabled Networked Sensor Systems. Association for Computing Machinery (ACM). 2018. p. 7-12 https://doi.org/10.1145/3282278.3282280

Author

Elsts, Atis ; Mitskas, Efstathios ; Oikonomou, George. / Distributed Ledger Technology and the Internet of Things : A Feasibility Study. Proceedings of the 1st Workshop on Blockchain-enabled Networked Sensor Systems. Association for Computing Machinery (ACM), 2018. pp. 7-12

Bibtex

@inproceedings{e9dbecde708941d59943e028b9d40e6c,
title = "Distributed Ledger Technology and the Internet of Things: A Feasibility Study",
abstract = "Distributed Ledger Technologies have promising applications in the Internet of Things. However, scalability and support for micropayments remain problems for blockchain-based applications, therefore other alternatives such as IOTA should be considered. This work reports on an experimental evaluation of IOTA on several different IoT platforms. We show that even though the communication overhead to join the IOTA network can be significantly reduced by adapting a proxy-based architecture, the computational overhead remains high. We conclude that IOTA is not currently suitable for battery-powered IoT devices.",
keywords = "Distributed Ledger Technologies, Internet of Things",
author = "Atis Elsts and Efstathios Mitskas and George Oikonomou",
year = "2018",
month = "11",
day = "4",
doi = "10.1145/3282278.3282280",
language = "English",
pages = "7--12",
booktitle = "Proceedings of the 1st Workshop on Blockchain-enabled Networked Sensor Systems",
publisher = "Association for Computing Machinery (ACM)",
address = "United States",

}

RIS - suitable for import to EndNote

TY - GEN

T1 - Distributed Ledger Technology and the Internet of Things

T2 - A Feasibility Study

AU - Elsts, Atis

AU - Mitskas, Efstathios

AU - Oikonomou, George

PY - 2018/11/4

Y1 - 2018/11/4

N2 - Distributed Ledger Technologies have promising applications in the Internet of Things. However, scalability and support for micropayments remain problems for blockchain-based applications, therefore other alternatives such as IOTA should be considered. This work reports on an experimental evaluation of IOTA on several different IoT platforms. We show that even though the communication overhead to join the IOTA network can be significantly reduced by adapting a proxy-based architecture, the computational overhead remains high. We conclude that IOTA is not currently suitable for battery-powered IoT devices.

AB - Distributed Ledger Technologies have promising applications in the Internet of Things. However, scalability and support for micropayments remain problems for blockchain-based applications, therefore other alternatives such as IOTA should be considered. This work reports on an experimental evaluation of IOTA on several different IoT platforms. We show that even though the communication overhead to join the IOTA network can be significantly reduced by adapting a proxy-based architecture, the computational overhead remains high. We conclude that IOTA is not currently suitable for battery-powered IoT devices.

KW - Distributed Ledger Technologies

KW - Internet of Things

U2 - 10.1145/3282278.3282280

DO - 10.1145/3282278.3282280

M3 - Conference contribution

SP - 7

EP - 12

BT - Proceedings of the 1st Workshop on Blockchain-enabled Networked Sensor Systems

PB - Association for Computing Machinery (ACM)

ER -