Embrace the opportunity to use data streams anywhere - anytime
IOTA makes it possible to securely store, sell, and access data streams.
Internet of Things (IoT) is the interconnection of devices, networks, and machines. By collecting data from sensors, followed by advanced analytics processing, IoT represents new business opportunities, save costs, optimise maintenance and change business models for most industries. There is an estimation that the Internet of Things will host about 30 billion interconnected objects by the year 2020. Financial experts have also posited that the global market value will amount to over $7 trillion.
The IOTA Foundation’s vision
Vision extends to many different realms which are all dependent on access to a single source of truth. Data is only as valuable as it is valid. Ensuring what is true is precisely what Distributed Ledger Technology enables. IOTA is a protocol that achieves consensus on the state of matters in a network. By having a cryptographically secure source of unified truth, we envisage a grand technological Cambrian explosion of innovation to arise from it.
Our vision is to enable all connected devices through verification of truth and transactional settlements which incentivise devices to make available its properties and data in real time. This gives birth to entirely new general purpose applications and value chains.
Find out more about IOTA Foundation here.