Evaluating the efficiency of blockchains in IoT with simulations

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

3 Citations (Scopus)

Abstract

As blockchain technology has gained popularity in many different application areas, there is a need to have tools for prototyping and evaluating various ways of applying blockchains. One interesting venue where this type of evaluation is very important is Internet of Things (IoT). In IoT scenarios the efficiency in energy consumption and also the timeliness of the transactions on the blockchain are important variables to consider. We present a way to apply an existing simulation tool -ABSOLUT - in evaluating blockchain implementations on embedded devices. We show the results of simulations on Raspberry Pi and NVIDIA Jetson Tk1 platforms and compare the latter to actual executions. Our tool receives a fairly small error (9% on the average) and we see it as a great way to help in deciding the parameters for different blockchain implementations.
Original languageEnglish
Title of host publicationIoTBDS 2017 - Proceedings of the 2nd International Conference on Internet of Things, Big Data and Security
Subtitle of host publicationIoTBDS 2017
EditorsVerena Kantere, Robert Walters, Muthu Ramachandran, Victor Mendez Munoz, Victor Chang, Gary Wills
Pages216-223
Number of pages8
ISBN (Electronic)9789897582455
DOIs
Publication statusPublished - 1 Jan 2017
MoE publication typeA4 Article in a conference publication
Event2nd International Conference on Internet of Things, Big Data and Security, IoTBDS 2017 - Porto, Portugal
Duration: 24 Apr 201726 Apr 2017

Conference

Conference2nd International Conference on Internet of Things, Big Data and Security, IoTBDS 2017
Abbreviated titleIoTBDS 2017
CountryPortugal
CityPorto
Period24/04/1726/04/17

Fingerprint

Energy utilization
Internet of things

Keywords

  • blockchain
  • efficiency
  • internet of things
  • simulation
  • trust

Cite this

Kreku, J., Vallivaara, V., Halunen, K., & Suomalainen, J. (2017). Evaluating the efficiency of blockchains in IoT with simulations. In V. Kantere, R. Walters, M. Ramachandran, V. M. Munoz, V. Chang, & G. Wills (Eds.), IoTBDS 2017 - Proceedings of the 2nd International Conference on Internet of Things, Big Data and Security: IoTBDS 2017 (pp. 216-223) https://doi.org/10.5220/0006240502160223
Kreku, Jari ; Vallivaara, Visa ; Halunen, Kimmo ; Suomalainen, Jani. / Evaluating the efficiency of blockchains in IoT with simulations. IoTBDS 2017 - Proceedings of the 2nd International Conference on Internet of Things, Big Data and Security: IoTBDS 2017. editor / Verena Kantere ; Robert Walters ; Muthu Ramachandran ; Victor Mendez Munoz ; Victor Chang ; Gary Wills. 2017. pp. 216-223
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Kreku, J, Vallivaara, V, Halunen, K & Suomalainen, J 2017, Evaluating the efficiency of blockchains in IoT with simulations. in V Kantere, R Walters, M Ramachandran, VM Munoz, V Chang & G Wills (eds), IoTBDS 2017 - Proceedings of the 2nd International Conference on Internet of Things, Big Data and Security: IoTBDS 2017. pp. 216-223, 2nd International Conference on Internet of Things, Big Data and Security, IoTBDS 2017, Porto, Portugal, 24/04/17. https://doi.org/10.5220/0006240502160223

Evaluating the efficiency of blockchains in IoT with simulations. / Kreku, Jari; Vallivaara, Visa; Halunen, Kimmo; Suomalainen, Jani.

IoTBDS 2017 - Proceedings of the 2nd International Conference on Internet of Things, Big Data and Security: IoTBDS 2017. ed. / Verena Kantere; Robert Walters; Muthu Ramachandran; Victor Mendez Munoz; Victor Chang; Gary Wills. 2017. p. 216-223.

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

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AB - As blockchain technology has gained popularity in many different application areas, there is a need to have tools for prototyping and evaluating various ways of applying blockchains. One interesting venue where this type of evaluation is very important is Internet of Things (IoT). In IoT scenarios the efficiency in energy consumption and also the timeliness of the transactions on the blockchain are important variables to consider. We present a way to apply an existing simulation tool -ABSOLUT - in evaluating blockchain implementations on embedded devices. We show the results of simulations on Raspberry Pi and NVIDIA Jetson Tk1 platforms and compare the latter to actual executions. Our tool receives a fairly small error (9% on the average) and we see it as a great way to help in deciding the parameters for different blockchain implementations.

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Kreku J, Vallivaara V, Halunen K, Suomalainen J. Evaluating the efficiency of blockchains in IoT with simulations. In Kantere V, Walters R, Ramachandran M, Munoz VM, Chang V, Wills G, editors, IoTBDS 2017 - Proceedings of the 2nd International Conference on Internet of Things, Big Data and Security: IoTBDS 2017. 2017. p. 216-223 https://doi.org/10.5220/0006240502160223