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IOTW: IoT Blockchain Infrastructure using proof of assignment consensus
In 2015, the world had an estimated 15.4 billion IoT devices installed. The number is expected to grow to 31 billion by 2020 and 75 billion by 2025. IoT devices are present in every aspect of people’s daily lives. It would be extremely useful if an online system can connect most of such devices and obtain their usage data for the betterment of mankind. In this regard, Blockchain as a way to connect and store data is rapidly gaining popularity. But so far Blockchain technologies are still the exclusive game of a small circle. No large-scale deployment is seen. Most Blockchain architectures are very complicated, not suitable for deploying into IoT devices.
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