The next generation blockchain
Scalable, Decentralized, Modular, No Fees
Connected devices in IoT will vastly outnumber the humans on Earth within a few years. In this brand new machine economy with tens of billions of participants the primary prosumer and consumers will be these devices trading technological resources and carrying out automatic transactions micro-transactions enabled by IOTA.
In this new autonomous machine economy IOTA will be the backbone. The Tangle ledger will settle transactions with zero fees so devices can trade exact amount of resources on-demand, as well as keep the data from sensors and dataloggers secured and verified in the ledger.
The main innovation behind IOTA is the Tangle, a revolutionary new blockless distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees. Contrary to today’s Blockchains, consensus is no-longer decoupled but instead an intrinsic part of the system, leading to decentralized and self-regulating peer-to-peer network. Read our Whitepaper.
For the first time ever true micro and even nano-transactions are enabled due to the unique IOTA Tangle architecture, providing developers with a brand new set of tools for their applications in both IoT and Web. This nurtures brand new business opportunities for companies that prohibitive fees has kept in the realm of impossible until now.
Core feature of IOTA is the ability to transfer data through the Tangle. IOTA gives you several options to do so, making it possible to establish secure and authenticated communication channels between devices. All data which is transferred through IOTA is fully authenticated and tamper-proof - making attacks impossible.
Although IOTA is uniquely suited for the Internet-of-Things, the Tangle enabled a variety of different use cases that involve secure data transmission, especially for eGovernance. An important part of this sector is e-Voting. The exploration into this field of use-cases has already began by several companies and academics.
As the first extensible module of the IOTA core, MAM enables nodes to exchange data through the Tangle, fully authenticated and encrypted. This means that your devices can transmit valuable and sensitive data with quantum-proof security through the Tangle, ready to be analyzed later. MAM makes it possible to share data with multiple parties easily, similar to a radio, multiple parties can simply tune in on your frequency and get the broadcast data.
While the whole world has adopted the ‘Sharing Economy’ in areas like driving and accomodation, IOTA enables a whole new realm where anything with a chip in it can be leased in real time. Most of our belongings stay idle for the vast majority of time that we possess ownership of it, through IOTA a lot of these things like Appliances, Tools, Drones, eBikes etc. and resources such as computer storage, computational power, WiFi bandwidth etc. can be turned into a leasing-services effortlessly.
The distributed ledger revolution has only barely begun, the vast majority of use-cases has not even been thought of yet, and with the next generation ledger that IOTA creative developers will be able to invent even more solutions.