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IoT and smart contracts
 Ownership attached to asset/property (e.g., real
estate, shares) and can be verified
 Run on Bitcoin ledger, execute legal rules between
two entities: people, organizations, machines
 Trustless because no center, no one in middle – the
network is the middleman
 Example: I run a private weather station using
neighbors’ sensors. Smart contracts enable payment
to neighbors for data sent from their sensors to my
weather station.
 But time will tell… uses we cannot imagine today.
https://www.youtube.com/watch?v=JsC4ptn2Aik

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