Implementation of Micropayment System Using IoT Devices

In the IoT, a small amount of payment (i.e., micropayment) enables the trading of sensor data collected by IoT devices. The IOTA cryptocurrency, which achieves high-speed transactions without transaction fees, shows the potential to realize such micropayment. In this work, we introduce and implement...

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Bibliographic Details
Published inJournal of Signal Processing Vol. 25; no. 4; pp. 137 - 140
Main Authors Nakada, Ryota, Nguyen, Kien, Sekiya, Hiroo
Format Journal Article
LanguageEnglish
Published Tokyo Research Institute of Signal Processing, Japan 01.07.2021
Japan Science and Technology Agency
Subjects
Air monitoring
Air quality
Digital currencies
Electronic devices
Payment systems
Power consumption
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Summary:In the IoT, a small amount of payment (i.e., micropayment) enables the trading of sensor data collected by IoT devices. The IOTA cryptocurrency, which achieves high-speed transactions without transaction fees, shows the potential to realize such micropayment. In this work, we introduce and implement an IOTA-based micropayment system for IoT devices (i.e., Raspberry Pi), assuming an air quality monitoring application. We then evaluate the latency performance and power consumption.
ISSN:1342-6230
1880-1013
DOI:10.2299/jsp.25.137