There are many applications of blockchain technology, and as discussed in the chapter they can be implemented in various industries to bring about multiple benefits to existing solutions. In this chapter, five main industries that can benefit from blockchain have been discussed. First IoT was discussed, which is another revolutionary technology on its own; and by combining it with the blockchain, several fundamental limitations can be addressed, which brings about tremendous benefits to the IoT industry. More focus has been given to IoT as it is the most prominent and most ready candidate for adapting blockchain technology.
Already, practical use cases and platforms have emerged in the form of Platform as a Service (PaaS) for blockchain-based IoT such as the IBM Watson IoT blockchain. IBM Blue Horizon is also now available for experimentation, which is a decentralized...