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Blockchain With the Internet of Things

The internet of things (IoT) is ushering a new age of technology-driven automation of information systems into the manufacturing industry. One of the main concerns with IoT systems is the lack of privacy and security preserving schemes for controlling access and ensuring the safety of the data. Many security issues arise because of the centralized architecture of IoT-based information systems. Another concern is the lack of appropriate authentication and access control schemes to moderate the access to information generated by the IoT devices in the manufacturing industry. Hence, the question that arises is how to ensure the identity of the manufacturing machinery or the communication nodes. This chapter presents the advantages of blockchain technology to secure the operation of the modern manufacturing industry in a trustless environment with IoT applications. The chapter reviews the challenges and threats in IoT applications and how integration with blockchain can resolve some of the manufacturing enterprise information systems (EIS).