Smart Contracts for Machine-to-Machine Communication: Possibilities and Limitations
Yuichi Hanada, Luke Hsiao, and Philip Levis
Published in 2018 IEEE International Conference on Internet of Things and Intelligence System (IOTAIS), October 2018.
Abstract
Blockchain technologies, such as smart contracts, present a unique interface for machine-to-machine communication that provides a secure, append-only record that can be shared without trust and without a central administrator. We study the possibilities and limitations of using smart contracts for machine-to-machine communication by designing, implementing, and evaluating \name, an application for automated gasoline purchases. We find that using smart contracts allows us to directly address the challenges of transparency, longevity, and trust in IoT applications. However, real-world applications using smart contracts must address their important trade-offs, such as performance, privacy, and the challenge of ensuring they are written correctly.
Paper (342KB)
BibTeX entry
@inproceedings{iotais18agasp, author = "Yuichi Hanada and Luke Hsiao and Philip Levis", title = "{Smart Contracts for Machine-to-Machine Communication: Possibilities and Limitations}", booktitle = "{2018 IEEE International Conference on Internet of Things and Intelligence System (IOTAIS)}", year = {2018}, month = {October} }





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