Distributed Ledger Technology: Applications and its Convergence in Industrial Revolution 4.0
Keywords:
Distributed ledger technology;, Blockchain, Directed acyclic graph, Industry revolution 4.0Abstract
Distributed ledger technology (DLT) has garnered a tremendous amount of attention in recent years due to the popularity of blockchain-related cryptocurrencies. However, layperson will have difficulty cutting through the hype and being objective enough to evaluate the benefits and shortcomings of this technology. This study attempts to provide answer to the following questions: 1) what is DLT, and the difference of its two popular specializations: blockchain and directed acyclic graph (DAG)? 2) how far have the society achieved through DLT applications in the field of healthcare, identity management as well as copyright and intellectual property? 3) how does the general public view the convergence of DLT applications in Industrial Revolution 4.0? Through rightly education and understanding of DLT, the society will value the technology better of its application in different sectors.
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