Blockchain or Distributed Ledger Technology’s (DLT) disruptive architecture will revolutionise both economic activity and social structure. Institutional crypto economics is a new analytic framework for studying that evolutionary process in general, and bitcoin in particular, it presents us with a new method of organising the world, just like the Internet did. Bitcoin will have a similar effect on economy, money and finance. Developing countries face multiple problems such as lack of financial services and infrastructure (road, railways, telecommunication, and others). The disruptive architecture of Blockchain or Distributed Ledger Technology is well suited to benefit developing countries. This will be clearly visible in the implementation and application of Internet of Things (IoT) in emerging services. The nature of innovation in service-sector-based technology in developing countries differs, and the nature of IoT as a potentially disruptive emergent service product technology enabler emphasises this difference.