Convergence between Blockchain and the Internet of Things

Abstract

The objective of this study was to determine the effectiveness of a particular convergence
model for IoT and blockchain. Multiple regression model was selected to determine the effective
of a specific convergence model. Three convergence models were selected for this study, including
the hybrid approach, the IoT-blockchain approach, and the IoT-IoT approach. The findings
indicated that there are issues with convergence between two different technologies. The other
finding was that the hybrid model provided the best convergence platform for integrating IoT with
blockchain. Regarding the IoT and blockchain, convergence challenges included the limited
capacity of IoT devices to handle the nature of distributed ledgers. The recommendation is that the
aspects of traditional blockchain should be redesigned because of new requirements of IoT,
including smart contracts, consensus protocol, data privacy, and security.