November 2024
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The Internet of Things (IoT) has changed the way gadgets interconnect and communicate, resulting in substantial progress in different sectors. However, this interconnectivity also brings significant challenges in terms of privacy and security. To address these challenges, this paper outlines a mechanism through which blockchain can enhance the security of the IoT environment thereby protecting the components of IoT from unauthorized access or security breaches. We also looked at using Blockchain-based Interplanetary File Systems (BIFS) and Hyperledger Fabric to make sure the storage solution is not just large-scale efficient but that it cannot be easily tampered with due to its inherent decentralization. We also heavily leaned on the concepts of Decentralized Identities (DIDs) to protect our IoT ecosystem which can improve data privacy and withstand general adversaries as well.The outcome from the experimental section, namely, the cost and security assessment of the deployed Ethereum-based Decentralized Identities(DIDs) indicate that it is less advantageous to protect IoT environment and data by using Blockchain and distributed storage systems.