Decentralized Internet of Things Alzubi Jafar A.1, Selvakumar J2, Alzubi Omar. A.3, Manikandan R4 1Associate Professor, School of Engineering, Al-Balqa Applied University-Jordan 2Department of ECE, SRM Institute of science and Technology, Chennai, India 3Assistant Professor, Prince Abdullah Bin Ghazi College of Information Technology. Al-Balqa Applied University-Jordan 4Assistant Professor, School of Computing, SASTRA Deemed University, India Online published on 8 March, 2019. Abstract The Internet of things (IoT) is the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and network connectivity which enable these objects to connect and exchange data. It is estimated that by 2020 IoT will consist of 30 billion devices with a global market value of $7.1 trillion. With large number of devices connected to the internet, security becomes a major factor to consider. Along with security micro-payments via the internet of things becomes a huge risk. Our target with this project is to rectify both problems with the use of Blockchain technology. We want to create a decentralized peer-to-peer network of IoT devices which share a common distributed database. This database is known as a blockchain. Blockchain ensures the ownership and integrity of the data solving the security problem faced by IoT. Also, cryptocurrency written over this blockchain would solve the micropayments problem of IoT. The cryptocurrency design methodology takes into account that most IoT devices would be embedded systems thereby optimizing cryptographic standards for embedded systems. With this project we aim to improve the security risks which relate from data sharing and to reduce data redundancy by above 80%. Top Keywords Distributed Systems, Internet of Things, Decentral-ized, Blockchains. Top |