Internet of Things, blockchain and shared economy applications

Huckle, Steve, Bhattacharya, Rituparna, White, Martin and Beloff, Natalia (2016) Internet of Things, blockchain and shared economy applications. Procedia Computer Science, 98. 461 - 466. ISSN 1877-0509

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Abstract

This paper explores how the Internet of Things and blockchain technology can benefit shared economy applications. The focus of this research is understanding how blockchain can be exploited to create decentralised, shared economy applications that allow people to monetise, securely, their things to create more wealth. Shared economy applications such as Airbnb and Uber are well-known applications, but there are many other opportunities to share in the digital economy. With the recent interest in the Internet of Things and blockchain, the opportunity exists to create a myriad of sharing applications, e.g. peer-to-peer automatic payment mechanisms, foreign exchange platforms, digital rights management and cultural heritage to name but a few. While many types of shared economy scenarios are proliferating, few of them, so far, leverage the Internet of Things and blockchain as technologies to build distributed applications. This paper discusses how we might make use of the Internet of Things and blockchains to create secure shared economy distributed applications. Presented are examples of such distributed applications in the context of an Internet of Things architecture using blockchain technology.

Item Type: Article
Additional Information: The 7th International Conference on Emerging Ubiquitous Systems and Pervasive Networks (EUSPN 2016)/The 6th International Conference on Current and Future Trends of Information and Communication Technologies in Healthcare (ICTH-2016)/Affiliated Workshops
Keywords: Radio Frequency Identification
Schools and Departments: School of Engineering and Informatics > Engineering and Design
Research Centres and Groups: Creative Technology
Subjects: Q Science > QA Mathematics > QA0075 Electronic computers. Computer science
Depositing User: Martin White
Date Deposited: 26 Sep 2016 14:52
Last Modified: 07 Mar 2017 09:44
URI: http://sro.sussex.ac.uk/id/eprint/63604

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