Blockchain technology and the internet of things (IoT) are both currently catching the imagination of many interested stakeholders. Both the IoT and blockchain are based on decentralized, distributed approaches; in combination, they potentially offer huge benefits, from operational efficiencies to revenue generation. While these benefits will not emerge overnight, CIOs and CTOs need to acquaint themselves now with the possibilities as well as the challenges of blockchain technology in the IoT context. This report will help CIO and CTO assess how blockchain technology fits in their IoT plans.