Survey on blockchain for Internet of Things

The Internet of Things (IoT) is poised to transform human life and unleash enormous economic benefit. However, inadequate data security and trust of current IoT are seriously limiting its adoption. Blockchain, a distributed and tamper-resistant ledger, maintains consistent records of data at different locations, and has the potential to address the data security concern in IoT networks. While providing data security to the IoT, Blockchain also encounters a number of critical challenges inherent in the IoT, such as a huge number of IoT devices, non-homogeneous network structure, limited computing power, low communication bandwidth, and error-prone radio links. This paper presents a comprehensive survey on existing Blockchain technologies with an emphasis on the IoT applications. The Blockchain technologies which can potentially address the critical challenges arising from the IoT and hence suit the IoT applications are identified with potential adaptations and enhancements elaborated on the Blockchain consensus protocols and data structures. Future research directions are collated for effective integration of Blockchain into the IoT networks.