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About IOTA

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Sam Dan Member Level  Wednesday, 02/14/18 09:12:25 AM
Re: Sam Dan post# 31
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About IOTA

IOTA is an open-source distributed ledger protocol that goes beyond blockchain through its core invention of the blockless Tangle. The IOTA Tangle is a quantum-proof Directed Acyclic Graph, with no fees on transactions and no fixed limit on how many transactions can be confirmed per second in the network. Instead, throughput grows in conjunction with activity in the network; the more activity, the faster the network. Unlike traditional blockchain architecture, IOTA has no separation between users and validators; rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. IOTA is initially focused on serving as the backbone of the emerging Internet-of-Things (IoT).

In 2017, The IOTA Foundation launched a micropayment-based data marketplace that’s powered by the IOTA DLT. The initiative has gathered the participation from more than 20 global organizations, including corporations such as Deutsche Telekom, Bosch, Philips, Accenture, Ernst & Young, and Fujitsu. The public marketplace aims to give connected devices the ability to securely transfer, buy and sell fine-granular and diverse data-sets while ultimately facilitating access to data that would otherwise not be monetized.

As per BCG Internet of Things buyer survey, with the accelerating adoption of Internet-enabled everyday products, the business-to-business market for the “Internet of Things” (IoT) is anticipated to reach $267 billion by 2020. As more devices create a near-endless stream of data, the market potential for monetizing data-driven insights is equally significant.

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.


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