Evolution of Internet of Things From Blockchain to IOTA: A Survey

Internet of Things (IoT) is the new paradigm to the scaling nature of things and their elements, interconnected, exchanging data over a network supported with nodes. The Ubiquitous use of tiny devices and embedded sensor frameworks has pushed IoT to the forefront of emerging technologies used in many applications like peer-to-peer networks, smart energy grids, home and building automation, vehicle to vehicle communication, and wearable computing devices. This massive growth and extensive use brought forth security risks that could hinder its commencement in many novel applications. The number of interconnected devices leads the way to several entry points for intruders and, along with it, security risks. The sensitive nature of the IoT applications such as health, automation, and energy grids cannot afford security risks. Traditional security mechanisms will not design or develop to secure such an emerging technology as IoT. Existing technologies have to be relied on with the non-existence of security mechanisms for this purpose. Distributed Ledger Technology (DLT) is one such technology that can reduce the security risks in IoT. The central node vulnerability that can compromise the whole system can be mitigated by eliminating the need for a central node by using the distributed ledger. Blockchain, a distributed ledger technology, has attracted tremendous attention and harnessed in itself a real-world value. However, computationally costly with limited scalability is not entirely suited for the IoT environment. IoT Application (IOTA) technology is the distributed ledger technology that can provide unlimited scalability specifically suitable for the IoT industry. This survey provides an in-depth introduction to how blockchain performs and its constraints in its nature as a generic platform for DLT. In contrast, IOTA is introduced as the technology for IoT, the next-generation blockchain overcoming blockchain’s limitations for its use in IoT.