Research Directions on Big IoT Data Processing Using Distributed Ledger Technology: A Position Paper

The significant growth and adoption of Internet of Things (IoT) solutions has led to tremendous increase in the generation of data. The need for high speed data processing has become very important to meet with the ever increasing volume and velocity of IoT data, due to the large scale and distributed nature of IoT infrastructure and networks. Present cloud based technologies are struggling to meet up with these needs for real time data processing in the midst of enormous amounts of data. The success of bitcoin has inspired more research in the application of Distributed ledger technologies in various domains. The decentralized nature of these platforms have enabled security and privacy of data in previous research and their architecture has a potential for enabling large scale decentralized data processing. In this paper, we identify some open areas of research in the use of distributed ledger technology and propose a framework for storing, analyzing and ensuring the security of large volumes of IoT data.