Application of Blockchain in IoT

When we talk about this, we are not just playing with buzzwords here. Blockchain has real use cases with IoT applications. According to IBM, the key benefits include: 1. Build trust: Builds trust between users and devices. Tampering of data is not possible. 2. Reduce costs: Reduce costs by removing middlemen. Devices can talk to or pay each other. 3. Accelerate transactions: Reduce settlement time from days to near-instantaneous.

These are some real advantages. Can't wait to see some real world IoT products that use Blockchain.