IOTA Foundation
Overview
IOTA is a distributed ledger technology (DLT) and open-source technology that goes beyond blockchain. It is designed to support the Internet of Things (IoT) by enabling secure data and value transfer between machines and humans. IOTA uses a unique consensus mechanism called the Tangle, which eliminates the need for miners and transaction fees, making it suitable for microtransactions and real-time data streaming. The IOTA Foundation is a non-profit organization that develops and maintains the IOTA protocol.
About Us
The IOTA Foundation, a Berlin-based non-profit established in 2017, is dedicated to developing and standardizing the IOTA protocol. Its core mission is to establish a trust layer for the Internet of Things (IoT) and drive innovation within the Distributed Ledger Technology (DLT) landscape. The Foundation's activities encompass comprehensive research, rigorous development, and the establishment of standards for the IOTA protocol. Further, they actively engage in education initiatives and foster community growth around the technology. A key aspect of the IOTA Foundation's strategy involves collaboration with diverse organizations and industries, facilitating the exploration and implementation of real-world applications leveraging IOTA technology across various sectors. This collaborative approach aims to demonstrate the practical benefits and transformative potential of IOTA in addressing challenges and creating new opportunities within the evolving technological landscape.
Vision
To become the open-source, decentralized standard protocol for the Internet of Things, enabling a new era of interoperability, automation, and trustless transactions.
Mission
To establish a trusted and permissionless foundation for the digital economy by enabling secure and feeless data and value transfer.
Headquarters
New Delhi
Specialties & Industries
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