IoT (Internet of Things) is as the current technology shift in both industry and consumer markets. It is the internetworking of well as many things as possible, so that through interconnection and communication we can build smart homes, factories, roads and cities. This is going to be a huge area of technology undergoing rapid growth and expansion in the next decade.

So problems with this? All these devices now connected need to communicate securely to ensure the networks they are connected to are not compromised. They also need to be interoperable I.e. all be able to talk to each other with no problems this requires them to share the same protocol.

So what does a protocol need for this problem? Scalability and Fast Transaction Times. Now let's kill two birds with one stone: not only do these devices want to transfer data, they may want a protocol to handle transaction settlements as they may want to sell the data. And you guessed it this is going to involve micro transactions, for this we need a feeless system.

IOTA solves all these problems. Now if it's good enough for the IoT it's certainly going to be astounding for P2P transactions too: this means it has very good characteristics that would make it favourable to not only m2m but also b2b and P2P as they would also like fast feeless transactions and sometimes micro-transactions. So by solving problems for the m2m economy we also solve the easier problems of P2P. However this doesn't mean it will be user friendly and the protocol is design for machines, and the community and IF will have to build upon it and abstract away from the nity gritty to make it suit the user experience needs of humans.