Cisco, Bosch, and several other companies have set up a consortium to work on how blockchain technology can be used to secure and improve Internet of Things (IoT) applications, as sectors beyond finance services seek to benefit from bitcoin’s underlying technology. The group, which also includes Bank of New York Mellon, Foxconn, security company Gemalto, and blockchain startups ConsenSys, BitSE and Chronicled announced that they will collaborate to develop a shared blockchain protocol for the IoT – the concept that everyday objects, from washing machines to shipping containers, will be connected to the Internet and be able to send and receive data.