You just hit buzzword bingo by reading the title, congrats! Over this and several follow up blog posts we’ll explore the idea of distributed ledger technology (DLT), how it is related to blockchain technology, how DLT could be leveraged by IoT applications, and some of the challenges facing using DLT in the IoT space. For starters we’ll focus in on what DLT is, which will lead to our discussion about blockchain. Then in future posts, we’ll cover how this technology can be leveraged by IoT applications as well as some of the potential challenges. While DLT and blockchain are often used interchangeably, for the purposes of our discussion we will treat them as two distinct items, though they are closely related.
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If you were to ask most people to name some popular social media platforms, you would likely get a quick response of Facebook, YouTube, Twitter, or MySpace (just kidding on that last one). Ask that same person to name some popular IoT platforms and prepare for a deer in headlights look. Even if a person has knowledge about the IoT space, they likely do not know what the market is offering in terms of platforms. That’s in large part because the market is still very much in the early stages.
Developers often work individually or in a larger team to produce products for a variety of consumers. Sometimes it’s a web app, a mobile app, or perhaps software for an overall system that includes some hardware. When developers are creating something that will be out on the marketplace they know it will reflect on them or their company, and have an impact on whether or not trust is built in the marketplace. In this scenario, documentation in the form of help menus or instruction manuals may be extensive to make sure the user experience is ideal and that any issues or concerns raised are promptly addressed. In contrast to this, when it comes to working with other developers through documentation or direct support, completeness and attention to detail can often be lacking.
As many of you may know, October is breast cancer awareness month. According to the American Cancer Society, a woman in the US has a 1 in 8 chance of developing this disease. It is also the second leading cause of death for women, and they estimate that 1 in 37 women will die from breast cancer. As a result, this month is often paired with a reminder for women to get an annual mammogram and perform self-examinations.