Oliver Bussmann – the president of not-for-profit Crypto Valley Association and former CIO at UBS – noted that larger banks will be interested in the blockchain payment systems, because they are tempted by the advantages blockchain brings in terms of real-time processing, lower risk profiles, lower costs and transparency. The businessman also said that in 2017, the companies he had the privilege to work with had paid more and more attention to the new kinds of services that blockchain enables, particularly if blockchain combined with IoT and AI. According to Bussman, this trend will continue in 2018, as the recent report in Forbes states as well. The encrypted and decentralized nature of blockchain is very useful for monitoring the ever-growing number of devices on IoT. Thus, the report notes that the computing power used for mining bitcoins could be used to protect smart homes from cyber-robbers of the new generation.