Сryptocurrency and Internet of Things: Problems of Implementation and Realization
Journal Title: Traektoriâ Nauki - Year 2018, Vol 4, Issue 9
Abstract
IoT (Internet of Things) requires the implementation of digital encryption of information, transaction support and recording of all events for security. It can provide cryptocurrencies protocols with adding an additional possibility of payments. This opportunity is not so much demanded at the hardware level as in the software implementation. We have discovered that IoT devices are widely used for illegal purposes for trusts or network consolidated attacks, and virtually no legal and useful ways of using their hardware-distributed capabilities. Standardization and compatibility in IOT network should become the main tools for the possibility of introducing new solutions, testing their utility, performance and safety. The standardization of a new approach to interactive protocols in the IOT network and the Internet with a finance approach is now inevitable. We need new IEEE standards for cryptocurrencies and IoT functioning. They must include standards for protocol functioning, transaction validation and saving, privacy and security support. Cryptocurrencies and IoT interaction diagram were proposed. The IoT network devices technology will be in the future instance of the smart class of digital-physical systems, which also encompasses technologies such as smart homes, intelligent transportation systems, smart cities etc. The financial aspect for purchasing software, services, solutions and sales of the resulting benefits will complement this network with additional capabilities. The development of standards for the financial level of functioning is also necessary.
Authors and Affiliations
Lyubomyr Sopilnyk, Andrii Shevchuk, Vasyl Kopytko, Rostyslav Sopilnyk, Larysa Yankovska
Keywords
Related Articles
- EP ID EP430287
- DOI 10.22178/pos.38-1
- Views 88
- Downloads 0
Стратегія розвитку та посилення конкурентоспроможності муніципального утворення [The strategy of developing and strengthening the competitiveness of the municipality]
У статті запропонований методичний підхід до розробки концепції довгострокового інноваційного розвитку і рекомендації по формуванню інноваційної стратегії муніципального утворення на основі технології активного прогнозув...
Практичні шляхи реалізації інтегрованого підходу до підготовки фахівців в аспекті професійної комунікації [Practical Ways of Implementation of the Integrated Approach to Training Professionals in the Field of Professional Communication]
The purpose of the article is to outline the ways of practical implementation of the integrated approach to the training of future specialists, in particular, in the aspect of effective professional communication in nati...
Дефініція поняття «конкурентна стратегія» та її місце в управлінській ієрархії стратегій [Definition of the notion "competitive strategy" and its place in the management hierarchy strategies]
Визначення ефективної конкурентної стратегії підприємства, встановлення цілей та їх досягнення при нестабільних умовах функціонування, з мінімізацією втрат є запорукою майбутнього успіху компанії в цілому. В даному світл...
A Review of Effectiveness of Construction Waste Minimization Practices in Bauchi State, Nigeria
This paper reviewed the existing literature on effectiveness of construction waste minimization in Nigeria with particular interest in Bauchi State. The study highlighted the menace of construction waste to the environme...
Students’ Perceptions of Their Teachers’ Performance in Teaching Engineering Drawing in Nigerian Tertiary Institutions
There have been concerns about the performance of Nigerian school teachers’ in delivering occupational related courses. However, there are currently limited empirical data on this phenomenon – in particular with respect...