IOTA
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HQ Location
Germany
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Year Founded
2017
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Company Type
Private
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Revenue
< $10m
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Employees
51 - 200
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Website
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IOTA is a revolutionary new, next generation public distributed ledger company based in Germany that utilizes a novel invention, called a “Tangle” which allows them to integrate DLT solutions to IoT technology much more feasible.
It is the first open-source distributed ledger that is being built to power the future of the Internet of Things with feeless microtransactions and Data Integrity for machines.
They are the market leader for IoT in the Blockchain space ranking top 10 on Coinmarketcap and a valuation of over 2 Billion USD.
The IOTA Cryptocurrency is specificaly made for Machine-2-Machine (M2M) transactions. The main purpose of IOTA is to serve the machine economy by enabling feeless M2M (Machine-to-Machine) payments.
Because it is an open-source, decentralized Cryptocurrency, engineered specifically for Internet of Things, IOTA's Cryptocurrency (which is also called IOTA) brings the following advantages to M2M IoT technology:
-Allows for real-time transactons, even when offline.
-Allows for micro-transactions as it is feeless
-It is indefinetely scalable and can bear the big volume of data and transactions being transferred between different machines.
DNB ASA, Volkswagen, BOSCH, Ubuntu Canonical, Microsoft Azure BaaS, APG|SGA, International Transportation Innovation Center (ITIC), DIF, ElaadNL, Innogy
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Devices Layer
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Edge Layer
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Supporting Technologies
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