Few would disagree that for IoT to live up to its promises, devices will sooner or later need to communicate directly, autonomously and securely with each other. Well-architected blockchain-based systems can help deliver those requirements, but they’re not available or even feasible today. In many ways, that’s a good thing, because it opens up great opportunities to get things right.

So let's start by looking at the challenges that IoT and blockchain ecosystems participants must address. They fall into three broad categories:

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