Why the Internet of Things (IoT) Needs DAG Technology – CoinSpeaker
To manage micro payments more effectively and solve security issues, rapidly evolving IoT industry turns to crypto technology, most notably its related paradigm – Directed Acyclic Graph protocols.
Smartphones, cars, homes, and cities; the IoT revolution holds a lot of promise for the near future. In many ways, the more tangible visible sensor technology is more futuristic than most technological advances in recent times. But things like self-driving cars are not monolithic advancements that will instantly make our lives better, they must be deployed correctly to live up to their potential.
So aside from the more visible advances in sensor technology, there is a less visible movement of entrepreneurs and researchers to make the Internet of Things as good as it can be. A related wave of innovation is that of blockchain/ledger technology, and while the two spheres seem very distinct, there is, in fact, a huge overlap. In many ways, IoT needs crypto technology to make its contribution fair and efficient: IoT applications often involve lots of small transactions along with pretty serious security risks, while crypto was designed to enable such micro payments and also solve security issues (owing to robust and decentralized systems they use).