Bank of America Corporation
Asset management block chain

Abstract:

Apparatus and methods for establishing a permissioned blockchain on an Internet of Things ("IoT") system. The method may be performed by a central IoT hub. The method may include identifying a IoT nodes associated with the IoT system. The method may also include running an authentication routine on the identified IoT nodes. The method may further include identifying a subset of the IoT nodes that have been authenticated by the authentication routine. The method may further include grouping the subset of IoT nodes into a first group of IoT nodes and a second group of IoT nodes, the grouping being based at least in part on available storage space and processing speed of each of the subset of IoT nodes.