Internet of Things Inc. announced the formation of a new subsidiary, Blockchain of Things Inc. By combining Blockchain and IoT, Blockchain of Things will look to transform the way global business transactions and operations are conducted, by providing an incorruptible, trustworthy environment that automates, accelerates and encodes transactions while ensuring enterprise level privacy and security for all parties. Blockchain of Things Inc. is actively pursuing several strategic initiatives and acquisitions where Blockchain and IoT come together using smart contracts to streamline various operational/manufacturing activities. The initial focus of the Blockchain of Things subsidiary includes but is not limited to the following markets: Supply Chain Management targeting the following verticals: logistics; food safety; software; and B2B RFID users. Business process management and manufacturing, targeting the following verticals: ISO compliant systems; machine learning; and automotive.

Blockchain of Things also announced the appointment of Michael Lende, as a senior consultant. Mr. Lende is a strategic advisor to several technology companies and was the Senior VP at Zipcar.