Blockchain-Empowered Efficient Data Sharing in Internet of Things Settings

Sharing data across various Internet of Things (IoT) devices has been a common challenge due to efficiency, security, and stability issues. Blockchain, with security features, is considered to be a potential solution for data sharing in IoT settings. However, traditional blockchain-based solutions cannot satisfy the efficiency requirement of high-frequency data sharing among IoT devices. In this paper, we propose an efficient IoT data sharing approach by adopting the Payment Channel Network (PCN)-extended blockchain. Besides, we develop a homomorphic hashing-based transaction segmentation scheme to solve the issue of low transaction success ratio caused by channel deposit restrictions in PCN. In addition, a Multi-point Relay (MPR)-based multi-path routing scheme has been developed to ensure high-frequency transaction forwarding. The communication overhead of maintaining the routing table is reduced by our proposed Multi-point Relay Selection algorithm, and multiple alternate paths generated by Multiple Routing Path algorithm can improve the transaction success rate. Experiment evaluations have demonstrated that that our proposed approach outperforms the baseline approaches in terms of the transaction efficiency and success ratio.