A Review on Blockchain Application for Decentralized Decision of Ownership of IoT Devices

摘要

This paper describes a unique method for peer to peer identification of ownership of IoT devices in a cloud environment. The described methodology consists of device being added by it's manufacturer (also referred to as Genesis) & then being transferred to a user based on blockchain technology. This paper also introduces how similar blockchain mechanism can be used for the transfer of ownership of a device from one user to another, without the involvement of any third party and the benefits of using the same whereas serial K-means++ achieves 85-89% accuracy for same sampled dataset.