Blockchain Based on Encryption Scheme for Internet of Things Environment

In recent years, Internet of Things (IoT) technology has been widely used, especially in fields involving smart fitness and smart vehicles. IoT devices continuously generate real-time information and transmit it over the internet. IoT systems use a centralized design for statistical storage and processing within modern IoT processes. However, with the rapid development of network technologies, IoT environments have grown exponentially, ranging from military surveillance to e-smart health, traffic monitoring, and industrial control. Despite their numerous applications, improving IoT security remains a major concern. The reliance on third-party involvement in typical IoT systems to safeguard sensitive data during transmission has increased complex and significant concerns. Blockchain technology offers a modern solution for reducing third-party dependency in IoT environments and is essential for addressing security challenges. To address the aforementioned challenges, this study applies various approaches such as authorization, encryption, and validation, utilizing a blockchain-based encryption scheme within the IoT environment. The parameters considered in this study are storage cost, computation cost, throughput, latency, and correlation coefficient.