Internet of Things, Blockchain and Shared Economy Applications

By Steve Huckle, Rituparna Bhattacharya, Martin White, N. Beloff. EUSPN/ICTH, 2016

521 citations recorded by the source corpus.

This paper explores how the Internet of Things and blockchain technology can benefit shared economy applications. The focus of this research is understanding how blockchain can be exploited to create decentralised, shared economy applications that allow people to monetise, securely, their things to create more wealth. Shared economy applications such as Airbnb and Uber are well-known applications, but there are many other opportunities to share in the digital economy. With the recent interest in the Internet of Things and blockchain, the opportunity exists to create a myriad of sharing applications, e.g. peer-to-peer automatic payment mechanisms, foreign exchange platforms, digital rights management and cultural heritage to name but a few. While many types of shared economy scenarios are proliferating, few of them, so far, leverage the Internet of Things and blockchain as technologies to build distributed applications. This paper discusses how we might make use of the Internet of Things and blockchains to create secure shared economy distributed applications. Presented are examples of such distributed applications in the context of an Internet of Things architecture using blockchain technology.

Subfields: Computer Networks and Communications, Information Systems

View Paper: https://www.semanticscholar.org/paper/ac013d1d21a659da4873164c43d005416e1bce7a

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In Computer Networks and Communications

In Information Systems

Citations in the corpus

Blockchain for 5G-enabled IoT for industrial automation: A systematic review, solutions, and challenges (2020, background): “By achieving this in a decentralized P2P manner, the ‘middle-man-attack’ can be eliminated, which allow the users to share without relying on a trusted third party [15].”
A Survey of IoT Applications in Blockchain Systems (2020, background): “Also, it can be known as an IoT application that implements blockchain technology [Dorri et al. 2017a; Huckle et al. 2016].”
Applications of Blockchains in the Internet of Things: A Comprehensive Survey (2019, background): “Currently, “blockchain” represents one of the most suitable candidate technologies able to support a secure and distributed ecosystem for the IoT [7].”
EduCTX: A Blockchain-Based Higher Education Credit Platform (2017, background): “Even in the emerging field of the Internet of Things (IoT), blockchain technology can be used in different scenarios and forms [15,17,24–28].”
Blockchain in the built environment and construction industry: A systematic review, conceptual models and practical use cases (2019, background): “[2] Smart Cities & the Sharing Economy 7 (Biswas and Muthukkumarasamy, 2016; Huckle et al., 2016; Sun et al., 2016; Ibba et al., 2017; Pazaitis et al., 2017; Rivera et al., 2017; Swan, 2018)”
Blockchain Based Access Control (2017, unknown): “[9] shows how blockchain can be exploited to create decentralized, shared economy applications that allow people to monetize, securely, their things to create more wealth.”
An Overview on Smart Contracts: Challenges, Advances and Platforms (2019, unknown): “Huckle et al. [117] discussed the integration of IoT with blockchains to develop sharing economy applications such as peer-to-peer automatic payment systems, traveling systems, digital assets management and currency exchange platforms.”