The results of the work done by IIT Jodhpur researchers have been published in a prestigious international journal ‘IEEE Transactions’ on Computational Social Systems.

The Internet of things(IoT) is a new paradigm that will revolutionize the way we live, say IIT Jodhpur researchers.

As a plethora of sensitive data will be collected and passed through this platform, IoT security is a major concern for both the users and providers, say IIT Jodhpur researchers.

To make the IoT platforms more secure, researchers suggest the use of blockchain technology to run the IoT platforms.

However, time delays and energy efficiency are major drawbacks of currently used Blockchain protocols limiting its use for IoT platforms.

Speaking about the work by IIT Jodhpur researchers Dr. Debasis Das said Blockchain is one of the technologies that can resolve the security issues of the IoT networks.

It is a scalable, distributed, transparent, and tamper-proof ledger that keeps uniform records of information at varying locations and can deal with IoT networks’ information security affairs, he said speaking further about work done by IIT Jodhpur researchers.

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‘Decentralization, integrity, and anonymity are the prominent characteristics of blockchain that increase IoT applications’ integrity and improve IoT security.’

Dr. Das has now come up with a blockchain protocol that is energy efficient and can be integrated with lightweight IoT devices.

The blockchain protocol devised by the research team is an improvised version of an existing blockchain protocol-Bitcoin-NG, say IIT Jodhpur researchers.

While Bitcoin-NG protocol is a significant improvement over the currently used Bitcoin protocol in terms of time efficiency, however, it requires high computational power and is energy-intensive, say IIT Jodhpur researchers.

Proposed Improvised Bitcoin-NG is applied to solve a variety of complex tasks and shows significant results without much human intervention, said Dr. Das, speaking about the work done by IIT Jodhpur researchers.

Given Blockchain-based IoT systems will add a boom in the advancement of IoT technology and explore the suitability and sustainability of improvised Bitcoin-NG for various application areas, added Dr. Das.

Blockchain

IIT Jodhpur researchers further said In blockchain technology, the data is stored in the form of blocks containing information or transactions which are stored in a network of computers such that everyone can add to it but none can change or delete it.

The blockchain uses a consensus algorithm that aims at finding the most agreed upon block details in the entire computer network to ensure that the information has not been changed or deleted at any level, say IIT Jodhpur researchers.

This feature, which makes blockchains more secure, adds up to time delays when the network increases making the whole system more computationally and energy-intensive.

IIT Jodhpur researchers worked on these problems of the current protocols in Blockchain paving the path for use of blockchain technology in the IoT space.

Indian Institute of Technology Jodhpur was established in 2008, to foster technology education and research in India.

The Institute is committed to technological thought and action to benefit the economic development of India. Scholarship in teaching and learning; Scholarship in research and creative accomplishments; and relevance to Industry are three driving forces for us at IIT Jodhpur.

IIT Jodhpur functions from its sprawling residential Permanent Campus of 852 acres on National Highway 65, North-Northwest of Jodhpur towards Nagaur.

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This campus is meticulously planned and envisioned to stand as a symbol of academics. A large parcel of the Permanent Campus (of about 182 acres) is set aside for the development of a Technology Park to strengthen institute-industry interactions.

The Institute is committed to a multidisciplinary approach of technology development. Hence, it has established state-of-the-art laboratories for basic research and has organized its academic degree activities through Departments and its coordinated research through Centers for Technologies.

This study highlights how entrepreneurs driven by sustainability navigate the complexities of aligning economic objectives with broader societal and environmental goals, even under the pressure to prioritize profit alone, say sources from IIM Lucknow.

Values

The research emphasises how sustainability-oriented values in founders drive Sustainable Business Model Innovation (SBMI), say sources from IIM Lucknow.

This ripple effect fosters a larger ecosystem of sustainable businesses, redefining success to include positive contributions to environmental and social well-being alongside profitability.

Research

Prof. Krishna Chandra Balodi, Strategic Management, IIM Lucknow spoke about the research.

Our research illustrates the transformative influence of founders’ sustainability values on business models that address pressing global challenges, said Prof Krishna of IIM Lucknow.

These entrepreneurs redefine success by integrating their principles into their ventures, striking a balance between profit and meaningful environmental and social impact, he said.

Suscom

The research centers on “Suscom,” a startup renowned for its sustainable practices. By delving deeply into Suscom’s operations, the study revealed that the founders’ values permeate every facet of the business—from product innovation to strategic partnerships.

These values are rooted in a blend of influences, such as family upbringing, sustainability-focused education, and early career experiences with non-profits advocating for environmental and social causes, say sources from IIM Lucknow.

Attention

The research also brings attention to the unique challenges faced by sustainable startups, such as:

Recruiting employees with a sustainability mindset: Building a workforce aligned with the company’s goals.

Eco-friendly sourcing: Procuring sustainable raw materials.

Green logistics: Finding partners who offer environmentally friendly logistics solutions.

Collaborative partnerships: Working with like-minded stakeholders.

Innovative strategies: Developing creative, low-tech production methods that minimise energy consumption and environmental impact.

Standout findings

One of the standout findings is Suscom’s use of traditional and indigenous techniques to reduce energy consumption.

These methods not only align with global decarbonisation efforts but also present an eco-friendly alternative to high-energy industrial processes, say sources from IIM Lucknow.

Significance

As businesses worldwide face mounting pressure to address sustainability and climate change, this research underscores the significance of value-driven leadership, say sources from IIM Lucknow.

It serves as a beacon for entrepreneurs to adopt sustainable practices that not only ensure financial viability but also contribute meaningfully to societal and environmental progress, say sources from IIM Lucknow.

Personal values

By offering valuable insights into how personal values can catalyse sustainable innovation, the study reinforces the need for business leaders to think beyond profits and prioritise long-term, equitable growth.

In 2005, IIM Lucknow expanded its area of influence in the realm of management education by becoming the first IIM to set up a satellite campus exclusively for Executive Education at NOIDA in Delhi NCR region.

IIM Lucknow is accredited by AACSB and AMBA while its EQUIS Accreditation is ongoing. The institute features in the prestigious FT -100 Top Global Business schools for both the 2-year Flagship PGP program and One-year IPMX Program.

It is also consistently ranked amongst top business schools in the NIRF Rankings. IIM Lucknow was the first IIM to start a 2-year full time MBA program in Sustainable Management 10 years back. It also has a long-standing full-time MBA program in Agri Business Management.

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