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Authors: Jari Kreku ; Visa Vallivaara ; Kimmo Halunen and Jani Suomalainen

Affiliation: VTT Techical Recearch Centre of Finland, Finland

Keyword(s): Internet of Things, Trust, Blockchain, Efficiency, Simulation.

Related Ontology Subjects/Areas/Topics: Energy Efficiency ; Energy Efficiency and Green Manufacturing ; Industrial Engineering ; Informatics in Control, Automation and Robotics ; Obstacles ; Sensor Networks

Abstract: As blockchain technology has gained popularity in many different application areas, there is a need to have tools for prototyping and evaluating various ways of applying blockchains. One interesting venue where this type of evaluation is very important is Internet of Things (IoT). In IoT scenarios the efficiency in energy consumption and also the timeliness of the transactions on the blockchain are important variables to consider. We present a way to apply an existing simulation tool - ABSOLUT - in evaluating blockchain implementations on embedded devices. We show the results of simulations on Raspberry Pi and Nvidia Jetson Tk1 platforms and compare the latter to actual executions. Our tool receives a fairly small error (9% on the average) and we see it as a great way to help in deciding the parameters for different blockchain implementations.

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Paper citation in several formats:
Kreku, J.; Vallivaara, V.; Halunen, K. and Suomalainen, J. (2017). Evaluating the Efficiency of Blockchains in IoT with Simulations. In Proceedings of the 2nd International Conference on Internet of Things, Big Data and Security - IoTBDS; ISBN 978-989-758-245-5; ISSN 2184-4976, SciTePress, pages 216-223. DOI: 10.5220/0006240502160223

@conference{iotbds17,
author={Jari Kreku. and Visa Vallivaara. and Kimmo Halunen. and Jani Suomalainen.},
title={Evaluating the Efficiency of Blockchains in IoT with Simulations},
booktitle={Proceedings of the 2nd International Conference on Internet of Things, Big Data and Security - IoTBDS},
year={2017},
pages={216-223},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0006240502160223},
isbn={978-989-758-245-5},
issn={2184-4976},
}

TY - CONF

JO - Proceedings of the 2nd International Conference on Internet of Things, Big Data and Security - IoTBDS
TI - Evaluating the Efficiency of Blockchains in IoT with Simulations
SN - 978-989-758-245-5
IS - 2184-4976
AU - Kreku, J.
AU - Vallivaara, V.
AU - Halunen, K.
AU - Suomalainen, J.
PY - 2017
SP - 216
EP - 223
DO - 10.5220/0006240502160223
PB - SciTePress

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