Internet of Things and Blockchain Technology: How Does It Work?

[ Editors Note : A good read from Coin Telegraph  ]

“Internet Of Things is when your toaster mines Bitcoins to pay off its gambling debts to the fridge.”

When this was tweeted by Andrew Miller in 2015, it rapidly became the go-to meme for anyone slightly cynical about the genuine use cases for Blockchain within the Internet of Things.

The idea of a self-actualized toaster with its own digital identity, probably provided by 21 Inc, became as much part of Blockchain popular culture as BitFury’s Bitcoin-mining light bulb that never was or Slock.it’s self-hiring bicycle.