Emerging Role of Blockchain Technology in the Internet of Things

The arising Blockchain innovation shows promising potential to improve modern frameworks and IoT via equipping various technologies and digital devices with additional data processing, handling, storage, and encryption. In the last decade, plenty of disrupting approaches and applications have arisen, and considering that digital transformation and technical shift, a lot of blockchain technologies have put in a tremendous amount of effort and contribution from both modern and scholarly experts. With the introduction of this detailed survey of literature and existing papers, we have attempted to discuss the emerging role of technologies powered by blockchain innovation in enabling IoT frameworks. A blockchain-equipped IoT system is presented and essential methods are introduced. Also, major applications and key challenges are discussed as well. Thorough research for the latest ideas, patterns, and concerns is also discussed related to the Blockchain-enabled IoT. In this paper, an intensive survey on the most proficient approach to mold the technology of blockchain-based on various requirements of IoT for enabling blockchain-based Internet of Things (BIoT) methodologies is introduced. After depicting the fundamentals, the most important applications are discussed to emphasize the effect of blockchain technology over traditional IoT applications. Then, the current challenges and potential improvements are discussed with regards to numerous perspectives that influence the design, advancement, and plan of BIoT applications. At last, a few ideas are identified determined to direct future BIoT experts and developers on a part of the issues that should be handled before deploying the next generation of BIoT applications