AU2021101541A4

AU2021101541A4 - Multi-transferrable assets transaction on single blockchain configuration in industrial iot network

Info

Publication number: AU2021101541A4
Application number: AU2021101541A
Authority: AU
Inventors: Deepali S Anarase-Jadhav; Deepika Chauhan; Himani Mittal; Dilip Nageshrao Pawar; Kaushlya Salunkhe; Alok Kumar Sharma; Ashish Sharma; Yogesh Sharma; Chaitanya Singh; Sandeep Tayal
Original assignee: Anarase Jadhav Deepali S Mrs; Chauhan Deepika Ms; Pawar Dilip Nageshrao Prof; Salunkhe Kaushlya Mrs; Tayal Sandeep Dr
Current assignee: Anarase Jadhav Deepali S Mrs; Chauhan Deepika Ms; Salunkhe Kaushlya Mrs; Tayal Sandeep Dr
Priority date: 2021-03-25
Filing date: 2021-03-25
Publication date: 2021-05-13
Anticipated expiration: 2029-03-25

Abstract

MULTI-TRANSFERRABLE ASSETS TRANSACTION ON SINGLE BLOCKCHAIN CONFIGURATION IN INDUSTRIAL IOT NETWORK Abstract Nowadays, the industrial sector has become more digitalized. The digital management and transaction of assets are highly relying on Industrial Internet-of Things (IoT) which has the potential to manage the customer product-centric, in supply chains, and for smart manufacturing. I-IoT has unique features in asset transactions in digital service adoptions. This era of data and information has made blockchain technology, a unique and attractive one to the next generation. This technology can be integrated with the IoT. There is a prominent advancement in various domain distributed systems due to the IoT advancement. The need for the proper maintenance of a growing list of transactional information and data has given rise to the digital ledger known as blockchain technology. The accessibility and identification are performed by using the three vital criteria namely, 1. Private authorization, 2. Public authorization and 3. consortium. For data sharing and storing, it requires the DMS (data management system) to get decentralized. This provides secured transactions in the network. The existing system for the asset transactions needs to be analyzed for traffic and security concerns. Thus, this invention is intended to improve the multi-transferrable assets transaction. This involves the development of the single blockchain configured for the industrial internet of things (I-IoT). The blockchain is deployed in IoT technology where privacy during the transaction of digitalized assets is ensured. 1 EVENT NOTIFICATION -------------------------------------------------------- , I4 BLOCK CHAIN NETWORK CERTIFICATION IDENTITY MANAGEMENT USER -4 EVENT STORAGE CONSENSUS SERVICE MEMBERSHIP SMART CONTRACT LEDGER TASK DEVICE UPDATE DEVICE STATUS GENERATION REGISTRATION COMMUNICATION INTERFACE k)T SERVER L.---------------------------------------------------------------------J TA SK TASK EXECUTION RESULT DEVICE STATUS FoT NETWeORK Figure 2: The proposed blockchain I-oT network.

Description

EVENT NOTIFICATION --------------------------------------------------------

, I4 BLOCK CHAIN NETWORK CERTIFICATION IDENTITY MANAGEMENT USER -4 EVENT STORAGE CONSENSUS SERVICE MEMBERSHIP SMART CONTRACT LEDGER

TASK DEVICE UPDATE DEVICE STATUS GENERATION REGISTRATION COMMUNICATION INTERFACE

k)T SERVER L.---------------------------------------------------------------------J

TA SK TASK EXECUTION RESULT

DEVICE STATUS NETWeORK FoT

Figure 2: The proposed blockchain I-oT network.

MULTI-TRANSFERRABLE ASSETS TRANSACTION ON SINGLE BLOCKCHAIN CONFIGURATION IN INDUSTRIAL IOT NETWORK

Field of the Invention:

This invention is intended to improve the multi-transferrable assets transaction. This involves the development of the single blockchain configured for the industrial internet of things (I-IoT). The blockchain is deployed in IoT technology where privacy during the transaction of digitalized assets is ensured.

Background of the Invention:

The need for the proper maintenance of a growing list of transactional information and data has given rise to the digital ledger known as blockchain technology. The accessibility and identification are performed by using the three vital criteria namely,1. Private authorization, 2. Public authorization and 3. consortium. The wide application and various fields have benefitted from blockchain technology implementation. The IoT domain is integrated with blockchain technology to share, transfer and exchange information, validations, records, services related to security. There have been some issues still unsolved and are under the research process and it is related to a system of cyber-physical security in IoT. The developments that are made in recent times in the field of IoT are because of centralizing blockchain technology. The IoT devices are prone to challenges and attacks, thus its integration with the blockchain solves many problems related to a system of cyber-physical security in IoT. More privacy-security models have been enabled in various IoT applications using the blockchain namely 1. user privacy, 2. aggregating privacy preserving, 3. data privacy, 4. location privacy, etc. The distributed system's substantial progress has led to the IoT technology advancement in various domains. For data sharing and storing, it requires the DMS (data management system) to get decentralized.

Hang et al proposed the technology of integrating the blockchain along with the IoT domain to provide guaranteed data sensing integration. They aim to develop an affordable device user for the fulfillment of immutable data logging, easy accessing of their comprehensive devices. The IoT domain's characteristics are also included in this system by providing control between the device and the user and also by monitoring in real-time. This system is referred to the as smart contract in the business terminology and it is containing certain rules. Their proposed approach is proof of the concept implemented in IoT of real-time scenarios. They used Hyperledger Fabric, a network with permission, and Raspberry Pi. They studied the metrics using the various performance parameters to highlight the benchmark of the proposed system. The study resulted that the designed system is more suitable for IoT architecture for resource constraints and it is expandable to various applications as it is scalable.

Christidis et al examined that blockchain integration with IoT technology. The blockchain integration allowed them to provide end-to-end security for the member who is not trusting and it helps in the interaction between one another with a mediator that is trustworthy after verification. They reviewed the paper and tried to find out the mechanism involved in the blockchain application in smart contracts. This used multiple steps for an automation process. They pointed out some critical issues related to the deployment of the blockchain network in IoT technologies. This included the digitalization of the value expected of the traded assets and also transaction privacy. They also suggested solutions wherever applicable to have a significant industrial transformation and help in the development of the novel models for new business models and distributed applications.

Pacheco et al integrated the IoT technology with the blockchain platform in a university campus. To provide a sustainable circumstantial for the environmental population, the integration of the technologies becomes very vital. The technologies are in a situation to prove their process and data security that involved the process of agility and security. Integration of the blockchain with IoT technology involved the generation of a new layer adapting the architecture of the university campus. This allowed special privacy where the data is hidden from exposure. The integration enabled to overcome of the limitations of the IoT adoption including scalability and security. The same procedures can be used to improve the trustability and security of the various business partners. But they concluded that still some challenges needed to be addressed. The main challenge faced during the integration of the technologies involves the computing power limitations and it has been solved by them using cloud computing locally.

Casino et al reviewed systematically multiple domain blockchain applications. They also made investigations on the current status of blockchain technology and its disruptive technology characteristics for revolutionary applications. This review is based on a systematic, thematic and structured analysis. The application of blockchain technology along with the diverse sectors namely business, IoT, data management, supply chain, healthcare, and privacy. They pointed out that blockchain technology's limitations differ in different industries and sectors. They identified from the research that the user can be benefitted both practically and academically.

Dwivedi et al proposed the security management system and analysis of health care data. The remote monitoring of patients is common patient care and treatment technology. But the data are prone to concern about privacy and security during the data transfer. The security threats in medical data transmission may delay the progress of treatment. Thus, blockchain is used for the enhancement in the security and analysis of data from health care. The blockchain is expensive demanding high computational power and bandwidth. They are made suitable for IoT devices where resources are constrained. They proposed a framework that can be novel and it involved the modified model of blockchain made suitable for IoT devices. They are also distributive with added privacy and security network properties. The advancements made are from the basis of the cryptographic primitives. Thus, they developed a more secure and private transaction system model using the blockchain network.

Objects of the Invention:

1. This invention is intended to improve the multi-transferrable assets transaction. These are dealt with in the physical layer of the network protocol. This implementation involves industrial transactions with improved intelligence. 2. This involves the development of the single blockchain configured for the industrial internet of things (I-oT). I-oT network is developed in a blockchain configuration is technologically involved in managing data, and executing a transaction at a high precision rate. 3. The blockchain is deployed in IoT technology where privacy during the transaction of digitalized assets is ensured. The blockchain configuration enables the user to register, ensure authentication permission, verify the digital assets, and finally be involved in the asset transaction.

Summary of the Invention:

A numerous growth in technology has brought vital changes in major contemporaneous applications. Digitalized asset transaction is enhanced for the multi-purpose using Industrial IoT technology. I-oT network is developed in a blockchain configuration is technologically involved in managing data, and executing a transaction at a high precision rate. Industrial Internet-of-Things (I-IoT) promotes payment in a digitalized manner. The blockchain configuration enables the user to register, ensure authentication permission, verify the digital assets, and finally be involved in the asset transaction. The data are maintained and also govern the interaction between the use and the client.

Industrial Internet-of-Things (I-IoT) includes the wireless sensor networks, communication protocols, and internet facilities that enable the monitoring, analysis, and management process. This network system is capable of automatically facilitates industrial operation with improved intelligence. The adaptation of this technology in the many contemporaneous application has improved efficiency and enables secure data management. The I-oT architecture usually consists of three layers namely, the physical layer, communication layer, and application layer. The devices such as sensors, actuators, smart terminals, data centers, and manufacturing equipment are enclosed within the physical layer. Actuators, 5G, machine-to machine (M2M) communication, and wireless sensor networks are some of the network technologies that enable better communication in the communication layer.

The blockchain configuration in Industrial Internet-of-Things (I-IoT) includes the parameter such as decentralization, consensus model, identity and access, and anonymization. Decentralization is the main aspect in the development of the proposed system model to enable a better asset transaction. These are considered to be the dispersing authorities that ensure the surrounding connection with the central authority in the proposed authority. Decentralization provides security during the transaction of an asset. The user is provided with a unique transaction account that is permitted only after the validation of data. The blockchain framework consists of node protocols for security. The decentralization network faces challenges in maintaining the user's privacy data. In the financial industries, the asset transaction faces threats and attacks due to the lack of security and also examines the personal data management during the asset transaction.

Based on the user entities, the consensus is enhanced and promotes the decentralized network in taking a unanimous decision. It supports making a single authority section that is engaged in tracking the records of the user when required. In the consensus algorithm, pass the authorized access from one block to another in the proposed blockchain configuration to protect the user asset transaction process from the various attacks. The development of the consensus network includes the characteristics features namely, consistency, aliveness, and fault tolerance.

Transparency and privacy are the most essential in the development of blockchain configuration in Industrial Internet-of-Things (I-IoT) for the multi-transferrable assets transaction enable the high degree of security. In the digitalized world, the self-audit of asset transaction is necessary to avoid access permission from unauthorized users. The asset transaction usually depends on the two important properties and they are monitoring the transparency and identify the unauthorized access. As the asset transaction is highly sensitive and hence, requires safety management and prevention is compulsorily required, these actions are monitored under the cipher control. Thus, the blockchain configuration in association with the I-IoT network technology has the potential to manage the risk and improves the reliability during the asset transaction. Blockchain network handles the various transactions simultaneously efficiently.

The identity management in the proposed blockchain configuration examines the levels involved during the asset transactions. The identity access collects the information from the users and stores the data in the cloud services. Therefore, if there is any irregularity in the management of asset can be easily identified. Identity and accessibility are categorized into three different types namely, public authority, private authority, and consortium. The public authority enables the network joining permission, this will reduce the intermediates. The asset transaction and their corresponding data of the user are maintained secretly by using the anonymity parameter in the proposed blockchain configuration. The anonymity faces challenges in maintaining the privacy of asset transactions as the transaction is performed in the public mode. The public key and transaction of the user must require separate security in the blockchain configuration model.

Detailed Description of the Invention:

Industrial Internet-of-Things has been implemented for a wide range of applications. I-IoT also enables asset transaction and management which plays an essentially partial role in business management. Industrial asset transaction is involved in most of the application aspects such as wind farm, healthcare, imaging devices, and mining operation, etc. The effective transaction of assets consists of software and hardware-based controllers. The enhancement of the asset transaction using the I IoT network model includes cloud computing, sensor, and digital devices such as mobile phones. The asset transaction is enabled in all smarter devices so that the user able to promote their business process by collecting asset data.

The asset transaction and management using I-oT network technology consist of the sensor configuration to continuously monitor the user's asset operation. The data from the user are collected and stored in the cloud service. Based on the acquired data in the cloud services, the corresponding software application is enhanced in managing the transaction of the asset. After the collection of the data in the cloud service, these data are analyzed to identify the transaction asset details. The information on the asset transaction is updated one another in the improved loop model. The cloud computing system consists of a processor circuit, database, and asset data to enable communication between the user and client. The proposed blockchain configuration is involved in the development of an effective platform for the transaction of assets which further includes asset management, asset analytics, collection of user and client informational data, and promotes security.

The asset transaction in Industrial Internet-of-Things (I-IoT) using blockchain configuration includes the component such as ledger, smart contract, consensus network, membership, and events, safety management, wallet, and system integration. The currently final transaction made by the users is notified under the ledger. The multi-transferrable assets transaction included in the business aspects are recorded in the smart contract where the ledge can retrieve the information when necessary. The consensus network ensures the processing of data to provide the information in regards to the transaction. The membership authority of the user permits the user to perform the asset transaction for multiple needs with the reduction in traffic to connect the user and the customer. The user receives notification information for every asset transaction in an online mode. The modification can be made in the system management and also manages the security. The system integration permits the bidirectional transmission with the external system sources in the proposed blockchain in the I-IoT network model.

The asset transaction initially validates the user's information in the proposed blockchain configuration. The acquired data of the user are stored in the cloud services where it generates the information of the corresponding transaction action to the user by implementing the blockchain configuration in the I-IoT network. Thus, the transaction is performed in a broadcast range, through the legal entity of the user. The implementation of blockchain configuration in the I-IoT network enables the asset transaction in a wide range with the internet facility via the smart devices. The network security provides logistic communication to prevent external attacks. The transmission of the informational data of the user and asset details are maintained safely. Privacy maintenance is a challenging task in the blockchain transaction as each node able to access the data of another node and gathers the transaction information. The communication and data transmission among the users may be interrupted by some of the attacks namely, man-in-the-middle attack and DoS attack.

Industrial Internet-of-Things (I-IoT) can protect the user's privacy data therefore the tracking of unnecessary attacks can be easily tracked and identified. The recorded voice is also linked in the devices is stored in the cloud for processing. The communication between the user and the customer for a repeated number of times increases the traffic in the cloud services to enable the communication. Thus, the redundancy in the traffic communication is attained only by enabling the communication with the user and the customer via the notification of the recent asset transaction details to the users. Thus, the user directly communicates to the customer with the internet facility through the proposed blockchain in Industrial Internet-of Things (I-IoT). The blockchain configuration includes the authorized access of accepting the regulatory compliance. The asset transaction in relationship with the legal and financial sectors is regularized by implementing the blockchain configuration in the I-IoT network model. The online trading of the product is performed legally with the digitalized asset transaction. The criminal activity can be tracked with the available data stored in the cloud services.

The proposed Industrial Internet-of-Things (I-IoT) blockchain configuration consists of technical infrastructure as well as user service design that encloses the ledger distribution and smart contract application services. The asset transaction includes the intuitive interface in the blockchain model to provide excellent service to the user. Enrollment of user, device registration, and task generation services are more essential in the development of blockchain configuration in the I-oT network. The participation of the user in the asset transaction needs a certified enrollment where the separate private keys permit the user to sign in to the transaction platform. The asset transaction is a process of transferring the asset (money, properties, etc) between the users by acquiring the information from a ledger. I-oT network service allows the asset transaction from the registered transaction device to the receiver transaction device. I-oT server after accepting from the user forward this request to the blockchain configuration to perform the asset transaction. The data stored in the server is retrieved back to the smart device as per the request to the user itself. The user who is provided with an authentication identity can directly be involved in the asset transaction in the blockchain network. The data obtained regarding the transaction is added to the ledger whereas the smart contract compares these data with the threshold value. The user device receives a notification if the threshold value exceeds.

The identity management service in the blockchain configuration permits only the registered clients to perform the authorized access of transactions as per the proposal of the user. The network model generates the separate user ID for the authenticated users by the identity manager. The asset transaction is performed only when the blockchain network receives the user's request. The separate application software development kit enables the communication between the client and blockchain network is established with either endorsers or committers. The transaction sign-in proposal and granting permission are stimulated by the endorsers whereas the transaction is validated by the committers. The smart contract generates the transaction proposal is executed by the endorsers whereas the process might not affect the ledger. The update in transaction data obtained in the reading and written form is generated to the user. After the completion of each asset transaction, the user smart devices receive the message about the transaction details. The client on receiving the read and written form is allowed to inspect the asset transaction details. The consensus model in the blockchain network controls the transaction action and also collects the read and written information where these are further forwarded to the block and finally, generates this information to all committers for validation. The user is notified with the asynchronous read and written form of data whether the transaction process is succeeded or not. The single blockchain in Industrial Internet of-Things (I-IoT) network enables the multi-transferrable assets transaction.

Claims

MULTI-TRANSFERRABLE ASSETS TRANSACTION ON SINGLE BLOCKCHAIN CONFIGURATION IN INDUSTRIAL IOT NETWORK Claims: The invention involves the development of blockchain technology for the multiple asset transactions in industries and it has the following claims:

1. The blockchain configuration in Industrial Internet-of-Things (I-IoT) includes the parameter such as decentralization, consensus model, identity and access, and anonymization. i. From claim 1, decentralization provides secured asset transactions and the consensus based on the entities helps in taking a unanimous decision. ii. From claim 1, transparency and privacy policy enable the self-audit of asset transaction prevents unauthorized access.

2. The proposed blockchain configuration is involved in the development of an effective platform for the transaction of assets which further includes asset management, asset analytics, collection of user and client informational data, and promotes security. iii. From claim 2, block chain configuration includes the component such as ledger, smart contract, consensus network, membership, and events, safety management, and system integration. iv. From claim 2, the asset transaction is performed only when the blockchain network receives the user's request. The separate application software development kit enables the communication between the client and the blockchain network.

3. I-IoT network is developed in a blockchain configuration is technologically involved in managing data, and executing a transaction at a high precision rate. v. From claim 3, the network model generates the separate user ID for the authenticated users by the identity manager.

vi. From claim 3, the acquired data of the user are stored in the cloud services where it generates the information of the corresponding transaction action to the user by implementing the blockchain configuration in the I-oT network. vii. From claim 3, the blockchain configuration in association with the I IoT network technology has the potential to manage the risk and improves the reliability during the asset transaction.

MULTI-TRANSFERRABLE ASSETS TRANSACTION ON SINGLE Mar 2021

BLOCKCHAIN CONFIGURATION IN INDUSTRIAL IOT NETWORK 2021101541

Figure 1: Execution model of asset transaction.

Figure 2: The proposed blockchain I-IoT network.