Blockchain can help alleviate the security and scalability concerns associated with IoT in the various ways like, Blockchain provides transparency, by allowing anyone who is authorised to access the network to track the transactions that happened in the past. Blockchain can enable fast processing of transactions and coordination among billions of connected devices.

Companies should start considering the implementation of blockchain and IoT to address their business issues, ‘starting small’ by learning from current use cases and projects in the industry.