Journal of Internet of Things and Information Technology ISSN: 3107-4502 (Online)

Authors: Govind Gopal Sharma, Nisha Sharma, Rashmi Khurana

Abstract:This article explores the transformative potential of blockchain technology in securing and enhancing the transparency of Internet of Things (IoT) transactions. The growing complexity of IoT ecosystems poses challenges in terms of security, data integrity, and transparency. Blockchain, with its decentralized and distributed ledger, offers a solution by ensuring immutability, transparency, and enhanced automation through smart contracts. The article delves into the workings of blockchain, its application in various IoT use cases such as supply chain management, smart cities, healthcare, and energy trading. It also discusses challenges like scalability, interoperability, and regulatory compliance. The synergy between blockchain and IoT holds the promise of revolutionizing transactions, fostering trust, efficiency, and innovation.

Keywords: Blockchain, Internet of Things (IoT), Security, Transparency, Smart Contracts, Supply Chain Management, Smart Cities, Healthcare, Energy Trading, Decentralization, Data Integrity.