Researchers from IIT Jodhpur have developed a new framework for blockchain technology that is lighter on data and time-efficient. The new improvised version will make secure connections with IoT devices to create a network of devices. Dr. Debasis Das has written a research paper discussing this development with the help of his research scholars. Dr. Debasis Das is currently working as an Assistant Professor in the Computer Science and Engineering Department, IIT Jodhpur.
The professor has got his work published in the renowned science journal IEEE Transactions on Computational Social Systems. In a press release from IIT Jodhpur, the institution has stated that IoT is a new paradigm that revolutionizes the way people lead their lives. Zillions of embedded sensors will be deployed for different purposes in the next few years. The restructured IoT platforms will enable seamless data integration for better industries, smarter homes, and connectivity. IoT will improve all aspects of human life in the future. With such developments, it is necessary to pay attention to the serious concerns of data security that remain in the field. With the help of advanced blockchain technology, developers will create robust, secure IoT platforms. While Blockchain is not a new term or technology, it currently suffers from time delays and inefficiencies. Thus, this new improvement in the blockchain algorithm was necessary.
Blockchain is the answer to IoT devices’ security concerns as it is a tamper-proof, scalable, and distributed system of information that safeguards a system’s security. Secondly, cracking an information ledger like the Blockchain takes high-tech expertise. Moreover, this particular improved version of Blockchain makes tampering all the more difficult.
Dr. Das has developed this Blockchain so that it can be scalable to different devices. Even lightweight IoT devices can integrate this algorithm into their systems. The Blockchain developed is an improvised version of the Bitcoin-NG protocol. Moreover, Bitcoin NG is a secure, efficient algorithm. However, its drawbacks of high computational power requirement and energy-intensive operations are what Dr. Das resolved. Dr. Das developed a leader selection algorithm that reduced the number of operations per node. This, therefore, reduced the energy required for operation and its computational power requirement. Since the system became energy-efficient and lightweight, it can now be used in small-scale IoT devices.
The Bitcoin NG algorithm resolves different problems in the IoT context. The Bitcoin NG algorithm helps in resolving difficult tasks without human intervention. Therefore, the improved technology will give a sturdy base for scalable IoT applications for deployment and use in different contexts. If the world is looking at using IoT devices for new tasks, it needs to improve the security framework behind the devices. In traditional blockchain algorithms, blocks add to time delays and energy consumption. The model suggested by Dr. Das and his team reduces the drawbacks of blockchain technology, making efficient Blockchain a part of today’s tech as IoT devices. The security concerns that impede the growth of the IoT sector resolve with the new model of the Blockchain. Many international journals and institutions recognize the current model of the technology.
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