Biblio

In recent times, security and privacy concerns associated with IoT devices have caught the attention of research community. The problem of securing IoT devices is immensely aggravating due to advancement in technology. These IoT devices are resource-constraint i.e. in terms of power, memory, computation, etc., so they are less capable to secure themselves. So we need a better approach to secure IoT devices within the limited resources. Several studies state that for these lightweight IoT devices Elliptic Curve Cryptography (ECC) suits perfectly. But there are several elliptic curve domain parameter standards, which may be used for different security levels. When any ECC based product is deployed then the selection of a suitable elliptic curve standard according to usability is become very important. So we have to choose one suitable standard domain parameter for the required security level. In this paper, two different elliptic curve standard domain parameters named secp256k1 and secp192k1 proposed by an industry consortium named Standards for Efficient Cryptography Group (SECG) [1] are implemented and then analyzed their performances metrics. The performance of each domain parameter is measured in computation time.

Blockchain normalizes applications that run on the internet through the standardization of decentralized data structure, computational requirements and trust in transactions. This new standard has now spawned hundreds of legitimate internet applications in addition to the cryptocurrency revolution. This next frontier that standardizes internet applications will dramatically increase productivity to levels never seen before, especially when applied to Internet of Things (IoT) applications. The blockchain framework relies on cryptographic private keys to sign digital data as its foundational principle. Without the security of private keys to sign data blocks, there can be no trust in blockchain. Central storage of these keys for managing IoT machines and users, while convenient to implement, will be highly detrimental to the assumed safety and security of this next frontier. In this paper, we will introduce decentralized and device agnostic cryptographic signing solutions suitable for securing users and machines in blockchain and IoT applications.