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Security Issues in Blockchained IoT

be adopted in SCM will create a system that will be immutable, traceable and auto­

mated. Pooled with crypto-empowered hardware, Blockchain significantly intensi­

fies security at all the levels of the SCM process. Examples of this system can be

seen at Golden State Foods (GSF), where a diversified model along with IBM is

developed to optimize the business process.

3.4.3  Case Study III: Blockchain-based IoT Solution

for Automotive Transportation

The automotive transportation industry is not untouched by security issues. The use

of various sensors in the vehicle is making them capable of driving themselves with­

out any driving support. There is a problem with the design and commercialization

of such vehicles, as security is the main concern. If a vehicle is hacked and commits

a crime, how can the law deal with this situation? The use case of Blockchain comes

here with a solution where the inculcation of it will make the automotive technology

more reliable. The Blockchain and IoT can help to make the technology more conve­

nient to use by initiating automatic fuel payments, smart parking systems and auto­

matic traffic control systems. A smart parking system has been demonstrated using

the Blockchain and IoT coupled model. The integrated model helps to find vacant

space in parking areas and generates automatic payments using digital wallets.

3.4.4  Case Study IV: Blockchain-based IoT Solution for Agriculture

Agriculture cannot be considered an industry, as one can live without luxury but

cannot live without food. There is a lot of potential in the food production industry.

The installation of various types of IoT sensors in farms and moving the sensed

data directly to the Blockchained ledger can enrich the process of food supply logis­

tics. PAVO, one of the players in smart agriculture solution providers, has used an

integrated approach that brings transparency. The company provides a hardware-

based solution whereby IoT devices are installed in farms and communicate the data

directly to the Blockchained ledger. This solution enables users with new farming

techniques by capturing the data and informing the stakeholders of the decisions.

3.5  CONCLUSION AND FUTURE SCOPE

Although Blockchain still has several hurdles to conquer, as the future of Blockchain,

applications in IoT are extremely bright. Internation Data Corporation (IDC) predicts

that by 2025, as many as 45% of IoT implementations will use Blockchain technolo­

gies. There are several interesting ways to utilize Blockchain to increase efficiency

across the supply chain. But, once we get there, we need to ask some basic questions

about long life, security and application. So, we need answers to guarantee that the

“20% of operations” are as effective, productive and stable as possible. The technol­

ogy of Blockchain is in the early stages and heading for a peak of inflated experimen­

tation. To reach the plateau of stability and coming into production, it needs to go

through the trough of disillusionment and the slope of enlightenment. This chapter