TITLE:
Blockchain Platform for Industrial Internet of Things
AUTHORS:
Arshdeep Bahga, Vijay K. Madisetti
KEYWORDS:
Internet of Things, Blockchain, Smart Contracts, Cloud-Based Manufacturing
JOURNAL NAME:
Journal of Software Engineering and Applications,
Vol.9 No.10,
October
28,
2016
ABSTRACT: Internet of Things (IoT) are being adopted
for industrial and manufacturing applications such as manufacturing automation,
remote machine diagnostics, prognostic health management of industrial machines
and supply chain management. Cloud-Based Manufacturing is a recent on-demand
model of manufacturing that is leveraging IoT technologies. While Cloud-Based
Manufacturing enables on-demand access to manufacturing resources, a trusted
intermediary is required for transactions between the users who wish to avail
manufacturing services. We present a decentralized, peer-to-peer platform
called BPIIoT for Industrial Internet of Things based on the Block chain
technology. With the use of Blockchain technology, the BPIIoT platform enables
peers in a decentralized, trustless, peer-to-peer network to interact with each
other without the need for a trusted intermediary.