The booming Internet of Things (IoT) market has drawn tremendous interest from cyber attackers. The centralized cloud-based IoT service architecture has serious limitations in terms of security, availability, and scalability, and is subject to single points of failure (SPOF). Recently, accommodating IoT services on blockchains has become a trend for better security, privacy, and reliability. However, blockchain's shortcomings of high cost, low throughput, and long latency make it unsuitable for IoT applications. In this paper, we take a retrospection of existing blockchain-based IoT solutions and propose a framework for efficient blockchain and IoT integration. Following the framework, we design a novel blockchain-assisted decentralized IoT remote accessing system, RS-IoT, which has the advantage of defending IoT devices against zero-day attacks without relying on any trusted third-party. By introducing incentives and penalties enforced by smart contracts, our work enables "an economic approach" to thwarting the majority of attackers who aim to achieve monetary gains. Our work presents an example of how blockchain can be used to ensure the fairness of service trading in a decentralized environment and punish misbehaviors objectively. We show the security of RS-IoT via detailed security analyses. Finally, we demonstrate its scalability, efficiency, and usability through a proof-of-concept implementation on the Ethereum testnet blockchain.