5 April 2019
The installed base of Internet of Things (IoT) devices is climbing by 15% per year — from 23 billion connected devices in 2018 to a forecast of 75 billion devices in use by 2025 according to Statista. The number of new IoT devices sold each year will rise from about 6 billion in 2019 to 18 billion in 2025.
A Bain study published in 2018 reported that the combined markets for IoT will climb from $235 billion spent in 2017 to $520 billion by 2021, and cloud service providers, particularly Amazon Web Services and Microsoft Azure, have emerged as influential providers of IoT analytics and services. Winning IoT vendors are specializing in just one to three industry segments and working with partners to deliver targeted industry solutions.
Some of the major industries investing in the Internet of Things are
- Smart Cities infrastructure
- Industrial manufacturing, including building systems control
- Health care and life sciences
- Smart home control/ home security
- Energy and utilities
- Consumer electronics (especially mobile phones and smart TVs)
Cloud service providers rely on content delivery networks (CDNs) to bring software updates to the thousands or millions of devices each service provider touches. The key advantages of using CDNs include
- Increased reliability
- Protection against DDoS attacks
- Cost savings, especially compared to high-priced hosting in Latin America, Asia, and Europe
- Global reach with low latency
- Lower network load
- Data analytics reports to improve system performance even more
Leaders in this segment include StackPath, Akamai and Limelight, but a number of new entrants have targeted IoT management applications with distributed CDNs, also called dCDNs. These distributed networks rely on blockchain or distributed ledger technologies, with a large number of small servers assisting or replacing a small network of data centers. Highly distributed CDNs offer much lower latency times, greater file redundancy, and significantly lower cost.
Currently, the best IoT technology strategy involves connecting or deploying multiple CDNs, and letting the different CDN services compete to provision the software as broadly, rapidly, and cheaply as possible. Multiple CDNs and Points of Presence means more connection routes between the IoT service provider and their installed base of users.
StreamSpace is deploying a distributed CDN service with the intention of enabling thousands of small servers with high-speed link connectivity to distribute file shards based on Hedera Hashgraph technologies. Although StreamSpace’s initial consumer-facing application service will be film/video file content distribution, the same technologies will be used to distribute software updates to clusters of IoT devices.
The chief advantages of StreamSpace’s distributed Content Distribution Network architecture include:
- Advanced security with encryption and sharding of all content files
- Reduced chance of cloud attacks
- Fewer DDoS Botnet incidents and greater resilience against Botnets
- Lower cost to reach IoT clients independent of location
Let us know how we can help you use blockchain technologies to build your IoT future.
Austin, Texas 78701