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Publication . Conference object . 2021

Choosing a Consensus Mechanism for a Blockchain Based P2P Instant Transaction System Integrated with IoT

Vadims Zilnieks;
Closed Access
Published: 16 Jun 2021
Publisher: IEEE

The Internet of Things (IoT) will play a significant role in the future market of services. Services require payments. Payments must be confirmed as fast as possible to protect customers and merchants. Integration of IoT to peer-to-peer networks provides a need for choosing an appropriate consensus mechanism and other ways to make transactions faster without losing the required level of security. As security of modern blockchain projects is controlled by decentralized applications like smart contracts, reviewed protocols are supporting this technology.

Subjects by Vocabulary

Microsoft Academic Graph classification: Payment media_common.quotation_subject media_common Computer security computer.software_genre computer Blockchain Database transaction Instant Internet of Things business.industry business Mechanism (sociology) Computer science Peer to peer computing

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