Smartshare is developing a blockchain-based network to connect devices in the Internet of Things. Smartshare's distributed network protocol uses blockchain and smart contracts to enable exchanges of data between devices on their network. Smartshare is powered by the Ethereum-based SSP token.

IoT Chain is developing a blockchain-based network to connect devices in the Internet of Things. Their goal is to increase stability and speed, and give data owners more control. IoT Chain's network is powered by the Ethereum-based ITC token.

SmartMesh is developing a blockchain-based protocol for the Internet of Things. SmartMesh has built-in blockchain light nodes, and extends the Raiden and Lightning Networks' second layer architecture network protocols. SmartMesh's blockchain-based network allows devices to communicate and make transactions without an internet connection. Users establish P2P connections when they are online, and are then able to transact with each other offline. Spectrum and Ozone, which are part of the SmarMesh network, are designed for developing decentralized applications.
The SMT token is used to reward the nodes that contribute computing resources to SmartMesh's network, and are also the medium of exchange for P2P transactions.