The tech giant plans to invest $1 billion in IoT developments over the next three years, CEO Michael Dell told an audience at a corporate event in New York City. But it seems that none of that money will go toward blockchain initiatives, as the technology was never mentioned during any of the presentations.
Bitcoin's function - since the global public network is virtually tamper proof - is to anchor the data collected so that if it is later modified, any such change can be readily detected.
http://www.nasdaq.com/article/blockchain-and-iot-why-they-depend-on-each-other-cm870760
