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3.5 Proposed Method for IoT Cloud IAM

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A Distributed Ledger is implemented for the establishment of a Blockchain. A blockchain essentially is a decentralized, distributed and also an immutable shared ledger which keeps resources and all transaction within a peer-topeer network. From its structural point of view, it contains interconnected blocks of data which are timestamped and also validated with consensus algorithm. Each block contains a list of all transactions and a hash to the previous block. The blockchain uses Elliptic Curve Cryptography (ECC) and Secured Hashing (SHA-256) cryptographic means to ensure data integrity and authentication. Blockchain stores entire past events of all transactions after due verification. Such verification is done with a majority consensus of miner nodes, which also are used to validate each transaction. Out of the two categories, Private or permissioned Blockchain is used for restricted access to a certain group of participants, whereas Public or permission less Blockchain is open for anyone to access. Permissioned Blockchain is a preferred choice to provide privacy solution implementation and also better access control enforcement.

The New Advanced Society

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