Good news, NXT will include pay on secret reveal as part of the 2-phased transactions. Hopefully in the next few months.

Same protocol as IBM's Adapt project. they both use Telehash.
But it seems Tilecoin will complete that protocol earlier than IBM's project!!!


Telehash: It’s one thing for devices to use block chain to understand contracts and capabilities, but they also need to communicate it, which is why Adept is using Telehash, a private messaging protocol that was built using JSON to share distributed information. It’s creator Jeremie Miller says at its simplest telehash is a “very simple and secure end-to-end encryption library that any application can build on, with the whole point being that an “end” can be a device, browser, or mobile app.” He added, “Perhaps, you can think of it as a combination of SSL+PGP that is designed for devices and apps to connect with each other and create a secure private mesh?” A new version of the software is expected soon.
http://telehash.org/

https://gigaom.com/2014/09/09/check-out-ibms-proposal-for-an-internet-of-things-architecture-using-bitcoins-block-chain-tech/

Yes. All XTC were sold out in only 36 hours! Total 542BTC. Very amazing! The original plan is to collect 1,542BTC.
Now I think XTC will worth 15,420BTC at start-up.

that's gonna be possible if Tilecoin is the first IOT concept coin and has some real applications in the near future.

Someone just tweeted BTCChina about BTCD