Blockchain technology in its newest form i.e Distributed Ledger Technology (DLT) has been creating ripples in the market ever since its integration with the cryptocurrency market. It has now come a long way from its cybersecurity days to become the next big thing, bigger than the Internet of Things.

Experts have projected at least 75 billion more connected devices to come online by the year 2025. A larger number of devices will demand a fool-proof system to address complex issues relating to security, cost, and connectivity. In that scenario, DLT seems to be the only viable option that can offer IoT enterprises absolute solutions to their ever-expanding activities.

Simply put, DLT is a digital system that records transactions of assets at multiple places, all at the same time. Contrary to a traditional database, distributed ledgers do not have a central store or administration functionality making it the most secure form of conducting online business.
There is a myriad of benefits associated with making DLT and Blockchain an integral part of the Internet of Things. For instance, all those IoT solutions that currently rely upon a centralized server-client system to establish a connection between devices and services will fall behind on efficiency when the load will increase. What happens when billions of devices begin connecting simultaneously? DLT is the optimum solution to address some of the biggest challenges arising in this industry in the future.