Evaluating the efficiency of blockchains in IoT with simulations

Jari Kreku, Visa Vallivaara, Kimmo Halunen, Jani Suomalainen

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

    11 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 publicationProceedings of the 2nd International Conference on Internet of Things, Big Data and Security
    Subtitle of host publicationIoTBDS 2017
    EditorsMuthu Ramachandran, Víctor Méndez Muñoz, Verena Kantere, Gary Wills, Robert Walters, Victor Chang
    PublisherSciTePress
    Pages216-223
    ISBN (Print)978-989-758-245-5
    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
    Country/TerritoryPortugal
    CityPorto
    Period24/04/1726/04/17

    Keywords

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

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