Oruc Orcun, Uwe Aßmann, Maliha Raja

• Currently, the Internet of Things (IoT) is connected to the virtual world through the Web of Things (WoT), allowing efficient utilization of real-world objects with Internet technologies. The WoT facilitates abstract interaction between applications and connected IoT devices, allowing owners to switch between devices while using multiple ones. To achieve this, virtual assets in WoT devices can be tokenized through smart contracts and transferred using hashed proof as transactions within blockchain networks that support virtual currencies. The goal of Web of Things is to establish connectivity, interoperability, and integration among IoT devices using web standards and protocols, reducing reliance on device manufacturers. This enables easy integration of Web 3.0 cryptocurrency for device management. This study proposes a solution for WoT applications involving different cryptocurrency definitions. Finally, simulation results are presented to demonstrate the tokenization-based ownership transfer in the Web of Things.