The document discusses enhancing IoT security and privacy using distributed ledger technologies (DLT), highlighting the challenges of insecure IoT devices and proposing a new model called Pythia for reliable interaction between IoT devices and DLTs without requiring direct consensus participation. It emphasizes the need for better identity models, shared governance, and economic incentives for manufacturers to strengthen IoT security. The paper also outlines various consensus algorithms and the potential benefits of integrating DLTs in improving trust and privacy in the IoT ecosystem.