Title
Pay-per-use Sensor Data Exchange between IoT Devices by Blockchain and Smart Contract based Data and Encryption Key Management
Abstract
This paper proposes a smart contract based approach enabling Internet of Things devices to exchange data in a secure and automatic way. This leads to new digital business models as pay-per-use establishing the vision of the Economy of Things. By using a blockchain there is no need for a trusted third party to secure transactions. We propose a novel use of smart contracts for assurance of data integrity, encryption key provision and payment. Thereby, a three layer architecture consisting of physical layer, on-chain layer and off-chain layer is designed. Proof of concept is based on an Ethereum Blockchain using Bosch XDK devices.
Year
DOI
Venue
2020
10.1109/COINS49042.2020.9191390
2020 International Conference on Omni-layer Intelligent Systems (COINS)
Keywords
DocType
ISBN
Distributed ledger technology,blockchain,smart contract,internet of things,secure data exchange,pay-per-use
Conference
978-1-7281-6372-7
Citations 
PageRank 
References 
0
0.34
5
Authors
3
Name
Order
Citations
PageRank
Matthias Knapp100.34
Thomas Greiner2347.48
Xinyi Yang300.34