In the machine-to-machine scenario, the blockchain remains completely transparent to “human” business users, and it will be deployed to develop solutions tied to the Internet of Things. The IoT is the network of physical objects or "things" embedded with electronics, software, sensors, and network connectivity, which enable these objects to collect and exchange data.
The principle that the blockchain is the “enemy” of all intermediary business entails that the blockchain ensures a digitized and automated compliance checking process. Digitization hence extends from financial instruments and documents to the entire workflow of processes that generate, manage, exchange, and store these digital assets (i.e., blockchain tokens).