Blockchain Technology for Smartphones and Constrained IoT Devices: A Future Perspective and Implementation

Abstract

<p>The blockchain technology is currently penetrating different sides of modern ICT community. Most of the devices involved in blockchain-related processes are specially designed targeting only the mining aspect. At the same time, the use of wearable and mobile devices may also become a part of blockchain operation, especially during the charging time. The paper considers the possibility of using a large number of constrained devices supporting the operation of the blockchain. The utilization of such devices is expected to improve the efficiency of the system and also to attract a more substantial number of users. Authors propose a novel consensus algorithm based on a combination of Proof-of-Work (PoW), Proof-of-Activity (PoA), and Proof-of-Stake (PoS). The paper first overviews the existing strategies and further describes the developed cryptographic primitives used to build a blockchain involving mobile devices. A brief numerical evaluation of the designed system is also provided in the paper.</p>