Abstract
The Internet of Things (IoT) is undergoing rapid growth in the IT industry, but, it continues to be associated with several security and privacy concerns as a result of its massive scale, decentralised topology, and resource-constrained devices. Blockchain (BC), a distributed ledger technology used in cryptocurrency has attracted significant attention in the realm of IoT security and privacy. However, adopting BC to IoT is not straightforward in most cases, due to overheads and delays caused by BC operations. In this paper, we apply a BC technology known as Hyperledgder Fabric, to an IoT network. This technology introduces an execute-order technique for transactions that separates the transaction execution from consensus, resulting in increased efficiency. We demonstrate that our proposed IoT-BC architecture is sufficiently secure with regard to fundamental security goals i.e., confidentiality, integrity, and availability. Finally, the simulation results are highlighted that shows the performance overheads associated with our approach are as minimal as those associated with the Hyperledger Fabric framework and negligible in terms of security and privacy.