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" ... Blockchain projects that require algorithmic or computationally intense burdens of proof have no such luxury, at least not in the current generations of the technology. Work is underway to speed up the transaction speeds blockchain variants are capable of supporting to becoming a near peer to credit card processing volumes and speeds. Once this standard is achieved mass adoption of cryptocurrencies as a true means of exchange becomes possible. This leverages an audit-resistant property of blockchain, which offers traceability down to the micro-payment level due to how records are accumulated and time stamped. For this reason, there is an emerging school of thought that blockchain may be more of a machine-to-machine ledgering system, rather than a peer-to-peer “trustless” transaction engine. With the proliferation of internet-connected devices and the internet of things (IoT) on the ascendant, it is now possible to envision an explosion of micropayments based on utilization, location, passage and consumption in entirely new ways. Much as cars equipped with automatic toll devices, such as EZ Pass, the links between near-field computing (NFC), IoT and digital payments now has an audit-resistant ledgering and settlement system in blockchain. ... "