The project IOTA is garnering quite a bit of attention for adding cryptocurrency-inspired technology to this use case, turning it into a more open market.
Indeed, at tech meetups in New York City, it's not uncommon to hear developers remark that IOTA's underpinning technology, the "blockchainless blockchain," or the so-called "tangle," is the future of the blockchain space.
Not only is IOTA touted as a way to upend the silos of the current centralized system, streamlining business in terms of time and cost, but also as a way to rid the blockchain industry of all that plagues it - such as the technology's scaling issues, which cause transaction backlogs and high fees and the massive amounts of energy the technology's architecture consumes.