Opportunities and Use Cases for Distributed Ledger Technologies in IoT

Since the launch of Bitcoin there has been widespread interest and activity in extending the application of distributed ledgers to other application areas. This has resulted in developments such as ‘smart contracts’ on the Ethereum blockchain or specialised ‘tokens’ such as IOTA focused on IoT applications and GDPR compliant ledgers, like the Sovrin ledger, for identity management.

This document sets out to explain the use of distributed ledgers and describe the business opportunities and use cases for ledgers connected with the IoT.