Blockchain for the Internet of Things

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John works as a graphic designer. He also runs a taxi organization in Mumbai. John doesn’t have an office and prefers working from his home in Delhi. The company’s management suggested Mumbai as the optimum city for him to run operations based on his preferences. He does not own any of the vehicles, they are rented through a third organization in which a number of people like John have pooled resources of value (time, money, reputation, computation). The hardware and software of the vehicles updates automatically, the vehicles decide when they need to go for servicing, tell each other about best routes for a greater return on investment. When Seema enters one of John’s taxis and asks it to take her home, the taxi recognizes her through a third party service that verifies identities called ‘VerifyB’. ‘VerifyB’ automatically identifies important credentials about her, like blood group, insurance, wallet balance and sends only relevant information to John’s taxi service.